The evolution of strategic ignorance in strategic interaction

Schmid L, Hilbe C. 2021.The evolution of strategic ignorance in strategic interaction. In: Deliberate Ignorance: Choosing Not To Know. vol. 29, 139–152.

Book Chapter | English
Author
Schmid, LauraIST Austria; Hilbe, Christian
Book Editor
Hertwig, Ralph; Engel, Christoph
Abstract
Optimal decision making requires individuals to know their available options and to anticipate correctly what consequences these options have. In many social interactions, however, we refrain from gathering all relevant information, even if this information would help us make better decisions and is costless to obtain. This chapter examines several examples of “deliberate ignorance.” Two simple models are proposed to illustrate how ignorance can evolve among self-interested and payoff - maximizing individuals, and open problems are highlighted that lie ahead for future research to explore.
Publishing Year
Date Published
2021-03-01
Book Title
Deliberate Ignorance: Choosing Not To Know
Volume
29
Page
139-152
IST-REx-ID

Cite this

Schmid L, Hilbe C. The evolution of strategic ignorance in strategic interaction. In: Hertwig R, Engel C, eds. Deliberate Ignorance: Choosing Not To Know. Vol 29. Strüngmann Forum Reports. MIT Press; 2021:139-152.
Schmid, L., & Hilbe, C. (2021). The evolution of strategic ignorance in strategic interaction. In R. Hertwig & C. Engel (Eds.), Deliberate Ignorance: Choosing Not To Know (Vol. 29, pp. 139–152). MIT Press.
Schmid, Laura, and Christian Hilbe. “The Evolution of Strategic Ignorance in Strategic Interaction.” In Deliberate Ignorance: Choosing Not To Know, edited by Ralph Hertwig and Christoph Engel, 29:139–52. Strüngmann Forum Reports. MIT Press, 2021.
L. Schmid and C. Hilbe, “The evolution of strategic ignorance in strategic interaction,” in Deliberate Ignorance: Choosing Not To Know, vol. 29, R. Hertwig and C. Engel, Eds. MIT Press, 2021, pp. 139–152.
Schmid L, Hilbe C. 2021.The evolution of strategic ignorance in strategic interaction. In: Deliberate Ignorance: Choosing Not To Know. vol. 29, 139–152.
Schmid, Laura, and Christian Hilbe. “The Evolution of Strategic Ignorance in Strategic Interaction.” Deliberate Ignorance: Choosing Not To Know, edited by Ralph Hertwig and Christoph Engel, vol. 29, MIT Press, 2021, pp. 139–52.
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