When Collective Ignorance is Bliss: Theory and Experiment on Voting for Learning

Abstract

When do groups and societies choose to be uninformed? We study a committeethat needs to vote on a reform which will give every member a private statedependent payoff. The committee can vote to learn the state at no cost. We... [ view full abstract ]

Authors

  1. Boris Ginzburg (Universidad Carlos III de Madrid)
  2. Jose-Alberto Guerra (Universidad de Los Andes)

Topic Areas

C. Mathematical and Quantitative Methods: C9. Design of Experiments , D. Microeconomics: D7. Analysis of Collective Decision-Making , D. Microeconomics: D8. Information, Knowledge, and Uncertainty

Session

CS4-09 » Political Economy 3 (14:15 - Friday, 10th November, Iglesia San Juan Bautista)

Paper

GG_CollectiveLearning_v10.6.pdf

Presentation Files

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