It reminds me of the democratic bus analogy. A bus with no driver and everyone with a steering wheel. All the input gets averaged out. Such a bus would get nowhere.
Has anyone ever tried this? Sounds like a fascinating experiment. Of course it's basically all game theory. If a critical mass of people cooperated it could work.
I read it in a really old science magazine at a family gathering, and I think it was an article on democracy by some science institute. That’s all I remember. It would be an interesting thing to research, but it should be in the literature already.