Landscapes and Bandits: A Unified Model of Functional and Demographic Diversity

Abstract

Two types of formal models—landscape search tasks and two-armed bandit models—are often used to study the effects that various social factors have on epistemic performance. I argue that they can be understood within a single framework. In this unified framework, I develop a model that may be used to understand the effects of functional and demographic diversity and their interaction. Using the unified model, I find that the benefit of demographic diversity is most pronounced in a functionally homogeneous group, and decreases with the increase of functional diversity.