{"id":923,"date":"2011-05-09T01:00:56","date_gmt":"2011-05-08T23:00:56","guid":{"rendered":"http:\/\/cognitionandculture.local\/?p=923"},"modified":"2023-07-23T20:28:28","modified_gmt":"2023-07-23T18:28:28","slug":"exploiting-the-wisdom-of-others","status":"publish","type":"post","link":"https:\/\/cognitionandculture.local\/webinars\/decision-making-for-a-social-world\/exploiting-the-wisdom-of-others\/","title":{"rendered":"Exploiting the wisdom of others"},"content":{"rendered":"<p><em>Exploiting the wisdom of others: A bumpy road to better decision making<\/em><\/p>\n<p>(link to the <a href=\"http:\/\/cognitionandculture.local\/wp-content\/uploads\/Exploiting_the_Wisdom_of_Others_to_Make_Better_Decisions.pdf\" target=\"_blank\" rel=\"noopener\">article<\/a>)<\/p>\n<p>Ilan Yaniv &amp; Shoham Choshen-Hillel<\/p>\n<p>While decision makers often consult other people\u2019s opinions to improve their decisions, they fail to do so optimally. One main obstacle to incorporating others\u2019 opinions efficiently is one\u2019s own opinion. We theorize that decision makers could improve their performance by suspending their own judgment. In one study, participants used others\u2019 opinions to estimate uncertain quantities (the caloric value of foods). In the full-view condition, participants could form independent estimates prior to receiving others\u2019 opinions, while participants in the blindfold condition could not form prior opinions. We obtained an intriguing blindfold effect such that the blindfolded participants provided more accurate estimates than did the full-view participants. Several policy-capturing measures indicated that the advantage of the blindfolded participants was due to their unbiased weighting of others\u2019 opinions. The full-view participants, in contrast, adhered to their prior opinion and thus failed to exploit the information contained in others\u2019 opinions. The results from these two conditions document different modes of processing and consequences for accuracy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exploiting the wisdom of others: A bumpy road to better decision making (link to the article) Ilan Yaniv &amp; Shoham Choshen-Hillel While decision makers often consult other people\u2019s opinions to improve their decisions, they fail to do so optimally. One main obstacle to incorporating others\u2019 opinions efficiently is one\u2019s own opinion. We theorize that decision [&hellip;]<\/p>\n","protected":false},"author":693,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exploiting the wisdom of others - International Cognition and Culture Institute<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/cognitionandculture.local\/webinars\/decision-making-for-a-social-world\/exploiting-the-wisdom-of-others\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exploiting the wisdom of others - International Cognition and Culture Institute\" \/>\n<meta property=\"og:description\" content=\"Exploiting the wisdom of others: A bumpy road to better decision making (link to the article) Ilan Yaniv &amp; Shoham Choshen-Hillel While decision makers often consult other people\u2019s opinions to improve their decisions, they fail to do so optimally. One main obstacle to incorporating others\u2019 opinions efficiently is one\u2019s own opinion. We theorize that decision [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/cognitionandculture.local\/webinars\/decision-making-for-a-social-world\/exploiting-the-wisdom-of-others\/\" \/>\n<meta property=\"og:site_name\" content=\"International Cognition and Culture Institute\" \/>\n<meta property=\"article:published_time\" content=\"2011-05-08T23:00:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-23T18:28:28+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\">\n\t<meta name=\"twitter:data1\" content=\"Hugo Mercier\">\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\">\n\t<meta name=\"twitter:data2\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cognitionandculture.local\/#website\",\"url\":\"https:\/\/cognitionandculture.local\/\",\"name\":\"International Cognition and Culture Institute\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/cognitionandculture.local\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/cognitionandculture.local\/webinars\/decision-making-for-a-social-world\/exploiting-the-wisdom-of-others\/#webpage\",\"url\":\"http:\/\/cognitionandculture.local\/webinars\/decision-making-for-a-social-world\/exploiting-the-wisdom-of-others\/\",\"name\":\"Exploiting the wisdom of others - International Cognition and Culture Institute\",\"isPartOf\":{\"@id\":\"https:\/\/cognitionandculture.local\/#website\"},\"datePublished\":\"2011-05-08T23:00:56+00:00\",\"dateModified\":\"2023-07-23T18:28:28+00:00\",\"author\":{\"@id\":\"https:\/\/cognitionandculture.local\/#\/schema\/person\/ea8a5e02223b60aa6c07c54060da52cb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/cognitionandculture.local\/webinars\/decision-making-for-a-social-world\/exploiting-the-wisdom-of-others\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/cognitionandculture.local\/#\/schema\/person\/ea8a5e02223b60aa6c07c54060da52cb\",\"name\":\"Hugo Mercier\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cognitionandculture.local\/#personlogo\",\"inLanguage\":\"en-GB\",\"url\":\"http:\/\/cognitionandculture.local\/wp-content\/uploads\/avatar1548158625-96x96.png\",\"caption\":\"Hugo Mercier\"},\"description\":\"Psychology of reasoning, Decision making, Social psychology, Evolutionary psychology\",\"sameAs\":[\"http:\/\/sites.google.com\/site\/hugomercier\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/cognitionandculture.local\/wp-json\/wp\/v2\/posts\/923"}],"collection":[{"href":"https:\/\/cognitionandculture.local\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cognitionandculture.local\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cognitionandculture.local\/wp-json\/wp\/v2\/users\/693"}],"replies":[{"embeddable":true,"href":"https:\/\/cognitionandculture.local\/wp-json\/wp\/v2\/comments?post=923"}],"version-history":[{"count":2,"href":"https:\/\/cognitionandculture.local\/wp-json\/wp\/v2\/posts\/923\/revisions"}],"predecessor-version":[{"id":17140,"href":"https:\/\/cognitionandculture.local\/wp-json\/wp\/v2\/posts\/923\/revisions\/17140"}],"wp:attachment":[{"href":"https:\/\/cognitionandculture.local\/wp-json\/wp\/v2\/media?parent=923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cognitionandculture.local\/wp-json\/wp\/v2\/categories?post=923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cognitionandculture.local\/wp-json\/wp\/v2\/tags?post=923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}