Group Efforts Determine Success: More Players, Less Contribution, Lower Payoffs
The article explores how group efforts can be affected when the success of the group depends on the best performer. The researchers looked at situations where individuals in a group contribute to a common goal, with some members putting in more effort than others. They found that when everyone knows the costs of effort, the group tends to have a balanced mix of high and low contributors. However, when effort costs are kept private, the group tends to have a more uniform level of contribution. In both cases, the outcomes are not as efficient as they could be, but the researchers suggest ways to improve efficiency in group efforts.