Title |
Optimal incentives for collective intelligence
|
---|---|
Published in |
Proceedings of the National Academy of Sciences of the United States of America, May 2017
|
DOI | 10.1073/pnas.1618722114 |
Pubmed ID | |
Authors |
Richard P. Mann, Dirk Helbing |
Abstract |
Collective intelligence is the ability of a group to perform more effectively than any individual alone. Diversity among group members is a key condition for the emergence of collective intelligence, but maintaining diversity is challenging in the face of social pressure to imitate one's peers. Through an evolutionary game-theoretic model of collective prediction, we investigate the role that incentives may play in maintaining useful diversity. We show that market-based incentive systems produce herding effects, reduce information available to the group, and restrain collective intelligence. Therefore, we propose an incentive scheme that rewards accurate minority predictions and show that this produces optimal diversity and collective predictive accuracy. We conclude that real world systems should reward those who have shown accuracy when the majority opinion has been in error. |
X Demographics
Geographical breakdown
Country | Count | As % |
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United States | 16 | 14% |
United Kingdom | 14 | 12% |
Spain | 8 | 7% |
Switzerland | 4 | 3% |
Japan | 3 | 3% |
Germany | 3 | 3% |
France | 3 | 3% |
Denmark | 1 | <1% |
Canada | 1 | <1% |
Other | 8 | 7% |
Unknown | 57 | 48% |
Demographic breakdown
Type | Count | As % |
---|---|---|
Members of the public | 88 | 75% |
Scientists | 26 | 22% |
Science communicators (journalists, bloggers, editors) | 3 | 3% |
Practitioners (doctors, other healthcare professionals) | 1 | <1% |
Mendeley readers
Geographical breakdown
Country | Count | As % |
---|---|---|
United States | 2 | <1% |
United Kingdom | 1 | <1% |
Netherlands | 1 | <1% |
Belgium | 1 | <1% |
Luxembourg | 1 | <1% |
Unknown | 243 | 98% |
Demographic breakdown
Readers by professional status | Count | As % |
---|---|---|
Student > Ph. D. Student | 59 | 24% |
Researcher | 40 | 16% |
Student > Master | 29 | 12% |
Professor | 15 | 6% |
Student > Bachelor | 14 | 6% |
Other | 50 | 20% |
Unknown | 42 | 17% |
Readers by discipline | Count | As % |
---|---|---|
Social Sciences | 26 | 10% |
Computer Science | 24 | 10% |
Psychology | 23 | 9% |
Business, Management and Accounting | 16 | 6% |
Physics and Astronomy | 16 | 6% |
Other | 79 | 32% |
Unknown | 65 | 26% |