Saved in:
| Hovedforfatter: | |
|---|---|
| Format: | Preprint |
| Udgivet: |
2023
|
| Fag: | |
| Online adgang: | https://arxiv.org/abs/2308.06607 |
| Tags: |
Tilføj Tag
Ingen Tags, Vær først til at tagge denne postø!
|
| _version_ | 1866911969221541888 |
|---|---|
| author | Bonomi, Giampaolo |
| author_facet | Bonomi, Giampaolo |
| contents | We study how disagreement influences team performance in a dynamic game with positive production externalities. Players can hold different views about the productivity of the available production technologies. This disagreement results in different technology and effort choices -- "optimistic" views induce higher effort than "skeptical" views. Views are changed when falsified by evidence. With a single technology available, optimists exert more effort early on if the team also includes skeptics. With sufficiently strong externalities, a disagreeing team produces, on average, more than any like-minded team. With multiple technologies, disagreement over which technology works best motivates everyone to exert more effort. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2308_06607 |
| institution | arXiv |
| publishDate | 2023 |
| record_format | arxiv |
| spellingShingle | The Disagreement Dividend Bonomi, Giampaolo General Economics Economics We study how disagreement influences team performance in a dynamic game with positive production externalities. Players can hold different views about the productivity of the available production technologies. This disagreement results in different technology and effort choices -- "optimistic" views induce higher effort than "skeptical" views. Views are changed when falsified by evidence. With a single technology available, optimists exert more effort early on if the team also includes skeptics. With sufficiently strong externalities, a disagreeing team produces, on average, more than any like-minded team. With multiple technologies, disagreement over which technology works best motivates everyone to exert more effort. |
| title | The Disagreement Dividend |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2308.06607 |