It Only Takes One: The Psychology of Unilateral Decisions
Joshua Lewis (New York University), Carter Allen (UC Berkeley), Christoph Winter (ITAM, Harvard University and Institute for Law & AI) and Lucius Caviola (Global Priorities Institute, Oxford University)
GPI Working Paper No. 14-2024
Sometimes, one decision can guarantee that a risky event will happen. For instance, it only took one team of researchers to synthesize and publish the horsepox genome, thus imposing its publication even though other researchers might have refrained for biosecurity reasons. We examine cases where everybody who can impose a given event has the same goal but different information about whether the event furthers that goal. Across 8 experiments (including scenario studies with elected policymakers, doctors, artificial-intelligence researchers, and lawyers and judges and economic games with laypeople, N = 1,518, and 3 supplemental studies, N = 847) people behave suboptimally, balancing two factors. First, people often impose events with expected utility only slightly better than the alternative based on the information available to them, even when others might know more. This approach is insufficiently cautious, leading people to impose too frequently, a situation termed the unilateralist’s curse. Second, counteracting the first factor, people avoid sole responsibility for unexpectedly bad outcomes, sometimes declining to impose seemingly desirable events. The former heuristic typically dominates and people unilaterally impose too often, succumbing to the unilateralist’s curse. But when only few people can impose, who know the stakes are high, responsibility aversion reduces over-imposing.
Other working papers
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Longtermism holds roughly that in many decision situations, the best thing we can do is what is best for the long-term future. The scope question for longtermism asks: how large is the class of decision situations for which longtermism holds? Although longtermism was initially developed to describe the situation of…
In Defence of Moderation – Jacob Barrett (Vanderbilt University)
A decision theory is fanatical if it says that, for any sure thing of getting some finite amount of value, it would always be better to almost certainly get nothing while having some tiny probability (no matter how small) of getting sufficiently more finite value. Fanaticism is extremely counterintuitive; common sense requires a more moderate view. However, a recent slew of arguments purport to vindicate it, claiming that moderate alternatives to fanaticism are sometimes similarly counterintuitive, face a powerful continuum argument…
Ethical Consumerism – Philip Trammell (Global Priorities Institute and Department of Economics, University of Oxford)
I study a static production economy in which consumers have not only preferences over their own consumption but also external, or “ethical”, preferences over the supply of each good. Though existing work on the implications of external preferences assumes price-taking, I show that ethical consumers generically prefer not to act even approximately as price-takers. I therefore introduce a near-Nash equilibrium concept that generalizes the near-Nash equilibria found in literature on strategic foundations of general equilibrium…