Problem Solving by Heterogeneous Agents

By Lu Hong, Scott E. Page. Journal of Economics Theory, 2001

456 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/6bc0d82151ccc06af2d2d58d8e80e3dcec08a3ef

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In Management Science and Operations Research

Citations in the corpus

Labor diversity and firm productivity (2014, unknown): “[31] Hong, Lu, and Scott E.”
Democratic Reason: Politics, collective intelligence and the rule of the many (2014, background): “Drawing on the formal theorems of Hong and Page (2001) and Page (2007), she claims that a group containing diverse perspectives, interpretations, heuristics and predictive models, will be better at making decisions than a less diverse group of people, even if they are individually smarter.”
Marginality and Problem-Solving Effectiveness in Broadcast Search (2010, methodology): “Hong and Page ( 2001, 2004) have used analytical models and simulation analysis to show that the formulation of different search heuristics from the same perspective yields solutions of unequal value, implying that differences in heuristics can also influence problem solving success.”
Cultural Diversity and Local Labour Markets (2014, background): “6 A similar question is analyzed in Hong and Page (2001) who consider individual and collective problem solving of heterogeneous individuals.”
Same difference? Minority ethnic inventors, diversity and innovation in the UK (2015, background): “Ethnic or cultural mix may be a good proxy for cognitive diversity (Hong and Page, 2001, 2004).”
Cultural Diversity, Innovation, and Entrepreneurship: Firm-level Evidence from London (2013, background): “A crucial point is that cultural diversity is a good proxy for cognitive diversity (Hong and Page 2001, 2004).”
The Value of Openness in Scientific Problem Solving (2007, background): “13 of diverse problem solvers have the potential to outperform groups of high-ability but homogenous problem solvers [24,25].”
Theories of the Firm-Market Boundary (2011, unknown): “Market-based decision making is a form of collective choice, where information is aggregated and the aggregation of multiple agents results in better judgments than decisions made by singular experts (cf. Hong & Page, 2001).”
Migration, diversity, and economic growth (2017, background): “Hong and Page (2001) discuss how heterogeneity improves problem-solving and prove that heterogeneous groups of people with limited abilities can do better than homogeneous groups of high-ability problem-solvers.”