lose gains from specialization. Need for robustness comes from our limited knowledge. Rational dealing with uncertainty … requires to accord the degree of specialization to the reliability of knowledge about the relevant circumstances. In practical …

-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …

Collective knowledge is significantly affected by information about others’ viewpoints. However, under what conditions … does the “wisdom of crowds” help versus harm knowledge of factual information? In this experiment, we present subjects with … for those with lower initial knowledge levels. Subjects in our Moderate-Information condition outperform those in either …

Collective knowledge is significantly affected by information about others’ viewpoints. However, under what conditions … does the “wisdom of crowds” help versus harm knowledge of factual information? In this experiment, we present subjects with … for those with lower initial knowledge levels. Subjects in our Moderate-Information condition outperform those in either …

This article presents the theory of the experimentally organized economy and competence blocs. The theory assumes that … process of the discovery, use and selection of knowledge. So-called competence blocs — the minimum set of agents with …

from institutional economics, evolutionary (game) theory and the capabilities approach to welfare economics. Using these …