Dominic Mitchell, Joanna J. Bryson, Paul Rauwolf, and Gordon Ingram, Interaction Studies, 17:1 pp. 1–25, 2016.
There’s a tradeoff between how fast gossip spreads vs problems with its potential for corruption: it can be a lot more useful than direct experience if it spreads faster than that experience and there isn’t too much false information. Actually, in the real world gossip may give you more information than your perception, but that’s not one of the things we deal with here. This work was actually done prior to (and informed) our 2015 article Value Homophily Benefits Cooperation But Motivates Employing Incorrect Social Information, but took longer to get out for a few reasons. Open access draft.
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