2020
DOI: 10.1016/j.jebo.2019.08.011
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Collective experimentation: A laboratory study

Abstract: We develop a simple model of collective experimentation and take it to the lab. In equilibrium, as in the recent work of Strulovici (2010), majority rule has a bias toward under experimentation, as good news for a minority of voters may lead a majority of voters to abandon a policy when each of them thinks it is likely that the policy will be passed by a future majority excluding them. We compare the behavior in the lab of groups under majority rule and under the optimal voting rule, which precludes voting in … Show more

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Cited by 5 publications
(2 citation statements)
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“…Our work relates more distantly to the literature on experimentation, e.g., Strulovici (2010), Anesi and Bowen (2021) and Bowen, Hwang and Krasa (2022);Freer, Martinelli and Wang (2020) survey recent contributions. Nevertheless, the strategic interaction with a privately informed external party in our model yields a learning technology that is fundamentally different from the experimentation literature.…”
Section: Introductionmentioning
confidence: 99%
“…Our work relates more distantly to the literature on experimentation, e.g., Strulovici (2010), Anesi and Bowen (2021) and Bowen, Hwang and Krasa (2022);Freer, Martinelli and Wang (2020) survey recent contributions. Nevertheless, the strategic interaction with a privately informed external party in our model yields a learning technology that is fundamentally different from the experimentation literature.…”
Section: Introductionmentioning
confidence: 99%
“…As our model is one of collective learning, what we do is also related to the growing literature on collective experimentation, pioneered by Strulovici (2010)-for a recent discussion of this literature, see Freer et al (2020). In those models, committee members also collectively learn about the types of feasible policies, but learning about the merits of a given policy requires that it be implemented.…”
Section: Introductionmentioning
confidence: 99%