Expeditions without Maps: Why Faulty Initial Representations May Be Useful in Join Discovery Problems

55 Pages Posted: 30 Jun 2008 Last revised: 13 Feb 2011

See all articles by Phanish Puranam

Phanish Puranam

INSEAD

Murali Swamy

University of Southern Denmark - Strategic Organization Design unit (SOD)

Date Written: December 2010

Abstract

When interdependent agents face structural uncertainty - i.e. they do not know ex ante how their choices interact, they must obtain such knowledge through shared trial-and-error learning experiences that build off their individual initial representations. We use an agent based model to formally analyse how joint learning and initial individual knowledge - and their interactions - influence the process of achieving coordination under conditions of structural uncertainty.

Keywords: Coordination, Representations, Simulation

JEL Classification: D83, C79

Suggested Citation

Puranam, Phanish and Swamy, Murali, Expeditions without Maps: Why Faulty Initial Representations May Be Useful in Join Discovery Problems (December 2010). Available at SSRN: https://ssrn.com/abstract=1153142 or http://dx.doi.org/10.2139/ssrn.1153142

Phanish Puranam (Contact Author)

INSEAD ( email )

1 Ayer Rajah Avenue
Singapore, 138676
Singapore

HOME PAGE: http://www.insead.edu/facultyresearch/faculty/profiles/ppuranam/

Murali Swamy

University of Southern Denmark - Strategic Organization Design unit (SOD) ( email )

Campusvej 55
Odense, DK-5230 M
Denmark

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