When Does Information Sharing Improve Decentralized Discovery? Aggregation, Independent Rescue, and Equilibrium Selection
Abstract
This paper explores the conditions under which information sharing enhances decentralized discovery by analyzing the effects of pooled estimates and independent rescue actions.
Reality Card
Information sharing improves discovery when pooled residual error contracts faster than independent rescue attempts, leading to a registered selected equilibrium with a positive sharing interval at a specific signal accuracy.
In a two-agent Bayesian game, the registered selected equilibrium shows a strict positive sharing interval at signal accuracy 3/5.
The models are synthetic and finite, lacking human or organizational data, which may limit real-world applicability.
Paper to code
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