2018
DOI: 10.31234/osf.io/upv8k
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Social information can undermine individual performance in exploration-exploitation tasks

Abstract: In many daily life situations, people face decisions involving a trade-off between exploring new options and exploiting known ones. In these situations, observing the decisions of others can influence people’s decisions. Whereas social information often helps making better decisions, research has suggested that under certain conditions it can be detrimental. How precisely social information influences decision strategies and impacts performance is, however, disputed. Here we study how social information influe… Show more

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Cited by 11 publications
(15 citation statements)
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References 29 publications
(44 reference statements)
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“…Yet, research has mostly focused on search problems where exploration and exploitation happen simultaneously (e.g. MAB: [15]; abstract search: [16]; Lévy processes: [17]; comparison of different paradigms: [18]) and/or where jumps in the solution space are allowed (e.g., correlated MAB: [19]; sampling paradigm: [10]; secretary problem: [20]; random sampling: [21]). Nevertheless, many search problems are characterised by separated exploration and exploitation phases and gradual exploration; examples include animals deciding where to hunt prey [22,23], algorithms maximising their reward in a reinforcement learning settings [24], and humans visually searching for a lost item [25], or solving a complex problem [14,5].…”
Section: Introductionmentioning
confidence: 99%
“…Yet, research has mostly focused on search problems where exploration and exploitation happen simultaneously (e.g. MAB: [15]; abstract search: [16]; Lévy processes: [17]; comparison of different paradigms: [18]) and/or where jumps in the solution space are allowed (e.g., correlated MAB: [19]; sampling paradigm: [10]; secretary problem: [20]; random sampling: [21]). Nevertheless, many search problems are characterised by separated exploration and exploitation phases and gradual exploration; examples include animals deciding where to hunt prey [22,23], algorithms maximising their reward in a reinforcement learning settings [24], and humans visually searching for a lost item [25], or solving a complex problem [14,5].…”
Section: Introductionmentioning
confidence: 99%
“…activities (Lazer and Friedman, 2007;Toyokawa et al, 2014;Yahosseini et al, 2018;Özcimder et al, 2019). These studies highlight the role of the social context in exploration.…”
Section: Toward a Collective And Distributed View Of Exploration And ...mentioning
confidence: 91%
“…Collective problem solving involves a fundamental tension: the same factor -communication -pulls in opposite directions. The benefit is that social learning spreads information necessary to solve a particular problem; the cost is that this simultaneously reduces both the informational diversity in the group (Lazer & Friedman, 2007) and the group's tendency to find new information (Yahosseini, Reijula, Molleman, & Moussaïd, 2018). Social learning can also cause a group to converge on something because it is popular, rather than because it is good, making outcomes increasingly unpredictable (Salganik, Dodds, & Watts, 2006).…”
Section: Diversity In Social Learning Strategies Resolves An Underlying Tensionmentioning
confidence: 99%