Information Aggregation and Conventions

摘要：该奖项用于信息经济理论的研究。这项研究的目的是为了更好地理解人们在战略环境中未能利用可用信息的原因。PI开发了新的模型，组织对人们如何分享和使用信息的观察。然后，他计算出这些模型的形式含义，并提出可用于检验和区分这些模型的假设。这个项目对博弈论做出了贡献，发展了概念和分类，为协调、惯例、论证和社会比较的想法提供了严格的基础，并提出了构建经济环境以提高绩效的方法。未能在小组内部和小组之间共享信息可能会导致委员会、陪审团和公司的决策成本高昂。这项研究将为如何构建此类委员会的组织规则以减少沟通失败提供新的见解。

Abstract: This award funds research in the economic theory of information. The objective of the research is to obtain a better understanding of the reasons why people fail to take advantage of available information in strategic settings. The PI develops new models that organize observations about how people share and use information. He then works out the formal implications of these models and frames hypotheses that can be used to test the models and distinguish between them. This project contributes to game theory, develops concepts and a taxonomy to give rigorous foundation to ideas about coordination, conventions, argumentation, and social comparison, and suggests ways to structure economic environments to improve performance. Failures to share information within and between groups can lead to significant costs in the decision making of committees, juries, and corporations. The research will provide new insight into how to structure the organizing rules of such committees to reduce communication failures.