An experimental study of persuasion bias and social influence in networks

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dc.contributor.authorGiritligil, Ayça Ebru
dc.date.accessioned2021-06-14T13:07:45Z
dc.date.available2021-06-14T13:07:45Z
dc.date.issued2015-11-01
dc.description.abstractIn many areas of social life, individuals receive information about a particular issue of interest from multiple sources. When these sources are connected through a network, then proper aggregation of this information by an individual involves taking into account the structure of this network. The inability to aggregate properly may lead to various types of distortions. In our experiment, four agents all want to find out the value of a particular parameter unknown to all. Agents receive private signals about the parameter and can communicate their estimates of the parameter repeatedly through a network, the structure of which is known by all players. We present results from experiments with three different networks. We find that the information of agents who have more outgoing links in a network gets more weight in the information aggregation of the other agents than under optimal updating. Our results are consistent with the model of "persuasion bias" of DeMarzo et al. (2013. Q. J. Econ., 909) and at odds with an alternative heuristic according to which the most influential agents are those with more incoming links. © 2015 Elsevier B.V.en_US
dc.fullTextLevelFull Texten_US
dc.identifier.doi10.1016/j.euroecorev.2015.07.007en_US
dc.identifier.issn0014-2921
dc.identifier.scopus2-s2.0-84948743068en_US
dc.identifier.urihttps://hdl.handle.net/11411/3748
dc.identifier.urihttps://doi.org/10.1016/j.euroecorev.2015.07.007
dc.identifier.wosWOS:000366869800011en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.nationalInternationalen_US
dc.numberofauthors3en_US
dc.pages214 - 229en_US
dc.publisherElsevieren_US
dc.relation.ispartofEuropean Economic Reviewen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBounded rationalityen_US
dc.subjectExperimentsen_US
dc.subjectPersuasion biasen_US
dc.subjectexperimental studyen_US
dc.subjectinformationen_US
dc.subjectsocial networken_US
dc.titleAn experimental study of persuasion bias and social influence in networksen_US
dc.typeArticleen_US
dc.volume80en_US

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