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Cultural diversity and wisdom of crowds are mutually beneficial and evolutionarily stable

  • Institut Jean Nicod
  • Capital Fund Management

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)

Abstract

The ability to learn from others (social learning) is often deemed a cause of human species success. But if social learning is indeed more efficient (whether less costly or more accurate) than individual learning, it raises the question of why would anyone engage in individual information seeking, which is a necessary condition for social learning’s efficacy. We propose an evolutionary model solving this paradox, provided agents (i) aim not only at information quality but also vie for audience and prestige, and (ii) do not only value accuracy but also reward originality—allowing them to alleviate herding effects. We find that under some conditions (large enough success rate of informed agents and intermediate taste for popularity), both social learning’s higher accuracy and the taste for original opinions are evolutionarily-stable, within a mutually beneficial division of labour-like equilibrium. When such conditions are not met, the system most often converges towards mutually detrimental equilibria.

Original languageEnglish
Article number16566
JournalScientific Reports
Volume11
Issue number1
DOIs
Publication statusPublished - 1 Dec 2021

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