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The Meta-Wisdom of Crowds

Sytsma, Justin and Muldoon, Ryan and Nichols, Shaun (2021) The Meta-Wisdom of Crowds. [Preprint]

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Abstract

It is well-known that people will adjust their first-order beliefs based on observations of others. We explore how such adjustments interact with second-order beliefs regarding universalism and relativism in a population. Across a range of simulations, we show that populations where individuals have a tendency toward universalism converge more quickly in coordination problems, and generate higher total payoffs, than do populations where individuals have a tendency toward relativism. Thus, in contexts where coordination is important, belief in universalism is advantageous. However, we also show, across a range of simulations, that universalism will enshrine inequalities and eliminate diversity, and in these cases it seems that relativism has its own advantages.


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Item Type: Preprint
Creators:
CreatorsEmailORCID
Sytsma, Justin
Muldoon, Ryan
Nichols, Shaun
Additional Information: Forthcoming in Synthese.
Subjects: General Issues > Computer Simulation
General Issues > Models and Idealization
Depositing User: Justin Sytsma
Date Deposited: 20 Jun 2021 04:11
Last Modified: 20 Jun 2021 04:11
Item ID: 19200
Subjects: General Issues > Computer Simulation
General Issues > Models and Idealization
Date: 18 June 2021
URI: https://philsci-archive.pitt.edu/id/eprint/19200

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