Too much information can harm cooperation and coordination in society
The article explores how too much information can actually be harmful in cooperation and coordination games. By studying different scenarios with varying levels of information, the researchers found that providing more information can sometimes lead to less efficient outcomes. In a Trust Game, giving the first player too much information about the second player's past behavior can result in lower payoffs. Subjects in a laboratory experiment also showed that minimal information led to more cooperative behavior. Additionally, in a crowdfunding experiment, non-payoff relevant information could either help or hinder coordination depending on the uncertainty of returns. Ultimately, the study shows that the amount and type of information provided can significantly impact the outcomes of cooperation and coordination games.