Influential listeners: An experiment on persuasion bias in social networks
AbstractThis paper presents an experimental investigation of persuasion bias, a form of bounded rationality whereby agents communicating through a social network are unable to account for repetitions in the information they receive. We find that, after repeated communication within a social network, social influence depends not only on being listened to by many others, but also on listening to many others. We show that persuasion bias can be viewed as an extreme case of a generalized boundedly rational updating rule in which agents receive more or less attention depending on how many other agents they listen to. The results indicate that behavior in the experiment is consistent with an updating rule according to which agents' social influence is proportional to their indegree.
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Bibliographic InfoArticle provided by Elsevier in its journal European Economic Review.
Volume (Year): 56 (2012)
Issue (Month): 6 ()
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Web page: http://www.elsevier.com/locate/eer
Social networks; Learning; Social influence; Persuasion bias; Bounded rationality;
Other versions of this item:
- Luca Corazzini & Filippo Pavesi & Beatrice Petrovich & Luca Stanca, 2010. "Influential Listeners: An Experiment on Persuasion Bias in Social Networks," Working Papers 196, University of Milano-Bicocca, Department of Economics, revised Aug 2010.
- D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
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