Summary: Philosophy
Methodology
Logic
Carnegie Mellon
Pittsburgh, Pennsylvania 15213
Wisdom of the Crowds vs. Groupthink: Learning in Groups and in Isolation
Conor Mayo-Wilson, Kevin Zollman, and David Danks
November 30, 2010
Technical Report No. CMU-PHIL-188
Wisdom of the Crowds vs. Groupthink:
Learning in Groups and in Isolation
Conor Mayo-Wilson, Kevin Zollman, and David Danks
November 30, 2010
Abstract
We evaluate the asymptotic performance of boundedly-rational strate-
gies in multi-armed bandit problems, where performance is measured in
terms of the tendency (in the limit) to play optimal actions in either (i)
isolation or (ii) networks of other learners. We show that, for many strate-
gies commonly employed in economics, psychology, and machine learning,
performance in isolation and performance in networks are essentially un-

Source: Andrews, Peter B. - Department of Mathematical Sciences, Carnegie Mellon University

Collections: Mathematics