2001
DOI: 10.1006/jeth.2000.2709
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Problem Solving by Heterogeneous Agents

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Cited by 335 publications
(207 citation statements)
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References 22 publications
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“…Similar arguments explaining the benefits of diversity have also been described in [1,2,3,4,5,7,8,10].…”
Section: Diversity In Workplacesupporting
confidence: 73%
“…Similar arguments explaining the benefits of diversity have also been described in [1,2,3,4,5,7,8,10].…”
Section: Diversity In Workplacesupporting
confidence: 73%
“…As the group size becomes larger, the group of the best problem solvers becomes more diverse and, not surprisingly, the group performs relatively better. A further implication of our result is that, in a problem-solving context, a person's value depends on her ability to improve the collective decision (8). A person's expected contribution is contextual, depending on the perspectives and heuristics of others who work on the problem.…”
Section: Discussionmentioning
confidence: 73%
“…The formal logic behind this idea was recently discovered by economists Hong and Page (2001) and Page (2007), who also demonstrated how it operates or fails to operate in different situations. This phenomenon is foundational to the wisdom of crowds and the whole Hayekian view of the use of knowledge in society.…”
Section: Knowledge As An Input and Output Of Creative Activitiesmentioning
confidence: 98%