I once looked into a demand side of Stack Exchange, but now a few points on the supply side. In general, we are interested in efficient allocation of resources. Given the fact that sometimes one answer is enough (especially for software development questions), many answers may be a waste.
And that's the distribution of answers per question:
Well, it's a peak at 2 with a long tail. The details:
|number of answers||Freq.||Percent||Cum.|
About 80 percent of questions end with five answers or less.
The Reward for Being on the TopBut what's the reward for having your answer on the top of the others? These are the means of fractions of total upvotes by the position a given answer occupies:
It says that the answer on the top have an stable advantage over all answers to a given question. You can see that after the fifth answer, adding more answers does not decrease total upvotes given to the existing answers. And the first answer gets no less that half of all upvotes.
That's a huge bonus, since multiple other answers have to split the remaining half of upvotes. That may be discouraging for participants, as competition is high and the winner takes all.
Sample summary statistics
|net (up - down)||45463||5.203242||23.94713||-19||1552|