IDEAS home Printed from https://ideas.repec.org/a/eee/teinso/v84y2026ics0160791x25002398.html

Cooperative supervision of livestreaming e-commerce based on stochastic evolutionary game and overconfidence

Author

Listed:
  • Wei, Xiaochao
  • She, Qiping

Abstract

The rapid development of livestreaming e-commerce has been accompanied by an increasing number of misleading marketing behaviors (MIBs) that require adequate regulations. To reveal the impact of irrational behavior (overconfidence) and to explore effective supervision strategies tailored to different types of streamers. We have classified streamers into brand-affiliated streamers and professional streamers (including internet celebrity streamers and ordinary streamers), then four types overconfidence are identified and integrated into a stochastic evolutionary game framework to investigate the regulatory effectiveness. The findings indicate that platform overconfidence positively affects supervision, while overconfidence among streamers and consumers has the opposite effect. For brand-affiliate streamers, the reputation mechanism exerts the most significant regulatory influence and should be heightened; additionally, enhancing platform penalties proves effective in cases of streamer overconfidence, whereas reducing supervision costs works better in other scenarios. Regarding professional streamers, a combination of platform penalties and incentive mechanisms leads to more stable and effective regulatory outcomes, especially in cases of streamer or consumer overconfidence. Furthermore, for internet celebrity streamers, the reputation mechanism serves as a beneficial supplement; for ordinary streamers, reducing regulatory costs proves to be more effective. Therefore, this study provides insights for classified and tiered regulation policy formulation regarding livestreaming e-commerce and provides a new perspective for supervision research by integrating overconfidence and evolutionary games.

Suggested Citation

  • Wei, Xiaochao & She, Qiping, 2026. "Cooperative supervision of livestreaming e-commerce based on stochastic evolutionary game and overconfidence," Technology in Society, Elsevier, vol. 84(C).
  • Handle: RePEc:eee:teinso:v:84:y:2026:i:c:s0160791x25002398
    DOI: 10.1016/j.techsoc.2025.103049
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0160791X25002398
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.techsoc.2025.103049?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Zhou, Min & Zhao, Lindu & Kong, Nan & Campy, Kathryn S. & Xu, Ge & Zhu, Guiju & Cao, Xianye & Wang, Song, 2020. "Understanding consumers’ behavior to adopt self-service parcel services for last-mile delivery," Journal of Retailing and Consumer Services, Elsevier, vol. 52(C).
    2. Ni, Shaowen & Ueichi, Hideo, 2024. "Factors influencing behavioral intentions in livestream shopping: A cross-cultural study," Journal of Retailing and Consumer Services, Elsevier, vol. 76(C).
    3. Zheng, Yuelong & Zhou, Bingjie & Hao, Chen & Gao, Ruize & Li, Mengya, 2024. "Evolutionary game analysis on the cross-organizational cooperative R&D strategy of general purpose technologies under two-way collaboration," Technology in Society, Elsevier, vol. 76(C).
    4. Hao, Xinyu & Liu, Guangfu & Zhang, Xiaoling & Dong, Liang, 2022. "The coevolution mechanism of stakeholder strategies in the recycled resources industry innovation ecosystem: the view of evolutionary game theory," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    5. Zhang, Xuemei & Zhou, Gengui & Cao, Jian & Wu, Anqi, 2020. "Evolving strategies of e-commerce and express delivery enterprises with public supervision," Research in Transportation Economics, Elsevier, vol. 80(C).
    6. Wongkitrungrueng, Apiradee & Assarut, Nuttapol, 2020. "The role of live streaming in building consumer trust and engagement with social commerce sellers," Journal of Business Research, Elsevier, vol. 117(C), pages 543-556.
    7. Ulrike Malmendier & Geoffrey Tate, 2005. "Does Overconfidence Affect Corporate Investment? CEO Overconfidence Measures Revisited," European Financial Management, European Financial Management Association, vol. 11(5), pages 649-659, November.
    8. Wu, Daoyou & Guo, Kun & He, Qiuyan & Zhang, Ju, 2023. "The impact of live streamers' improvisational responses to unexpected events on their entrepreneurial performance," Journal of Retailing and Consumer Services, Elsevier, vol. 70(C).
    9. Zhang, Cong & Pan, Siyu & Zhao, Yanhui, 2024. "More is not always better: Examining the drivers of livestream sales from an information overload perspective," Journal of Retailing and Consumer Services, Elsevier, vol. 77(C).
    10. Xiaochao Wei & Qi Liao & Yanfei Zhang & Guihua Nie & Andreas Pape, 2022. "Effect of Overconfidence on Product Diffusion in Online Social Networks: A Multiagent Simulation Based on Evolutionary Game and Overconfidence Theory," Complexity, Hindawi, vol. 2022, pages 1-22, March.
    11. Jun Du & Jiejie Li & Jiaxin Li & Weiduo Li, 2023. "Competition–cooperation mechanism of online supply chain finance based on a stochastic evolutionary game," Operational Research, Springer, vol. 23(3), pages 1-28, September.
    12. Liu, Jie & Yang, Yang & Yu, Yugang, 2021. "Ordering and interest rate strategies in platform finance with an overconfident and commerce retailer," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 153(C).
    13. Hsi Tse Wang, 2020. "Discussion of the Competitive Strategies of Telecom Operators and Over-the-Top Service Providers from the Perspective of Evolutionary Game Theory," Decision Analysis, INFORMS, vol. 17(3), pages 260-275, September.
    14. Meng, Lu (Monroe) & Duan, Shen & Zhao, Yijun & Lü, Kevin & Chen, Siyun, 2021. "The impact of online celebrity in livestreaming E-commerce on purchase intention from the perspective of emotional contagion," Journal of Retailing and Consumer Services, Elsevier, vol. 63(C).
    15. Wang, Xiaowei & Yang, Yang & Darko, Amos & Chan, Albert P.C. & Chi, Hung-Lin, 2024. "The impact of penalties, incentives, and monitoring costs on the stakeholders’ decision-making behaviors in non-compliance drone operations," Technology in Society, Elsevier, vol. 77(C).
    16. Cédric Gutierrez & Thomas Åstebro & Tomasz Obloj, 2020. "The Impact of Overconfidence and Ambiguity Attitude on Market Entry," Organization Science, INFORMS, vol. 31(2), pages 308-329, March.
    17. Guoli Chen & Craig Crossland & Shuqing Luo, 2015. "Making the same mistake all over again: CEO overconfidence and corporate resistance to corrective feedback," Strategic Management Journal, Wiley Blackwell, vol. 36(10), pages 1513-1535, October.
    18. Song, Shijie & Yao, Xinlin & Zhao, Yuxiang Chris & Ba, Zhichao, 2024. "Get inspired and pay for the goods: An investigation of customer inspiration and purchase intention in livestream shopping," Journal of Retailing and Consumer Services, Elsevier, vol. 78(C).
    19. Chen, Xiayu & Li, Yanrui & Davison, Robert M. & Liu, Yezheng, 2021. "The impact of imitation on Chinese social commerce buyers’ purchase behavior: The moderating role of uncertainty," International Journal of Information Management, Elsevier, vol. 56(C).
    20. Zhou, Min & Yin, Jia & Tang, Yu & Yi, Huan & Kong, Nan & Campy, Kathryn S., 2024. "What drives the drivers away? An empirical study on the factors influencing the turnover intention of full-time online ride-hailing drivers in China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 186(C).
    21. Shijie Lu & Dai Yao & Xingyu Chen & Rajdeep Grewal, 2021. "Do Larger Audiences Generate Greater Revenues Under Pay What You Want? Evidence from a Live Streaming Platform," Marketing Science, INFORMS, vol. 40(5), pages 964-984, September.
    22. Junqiang Li & Hao Ren & Changcheng Zhang & Qingxia Li & Kaifeng Duan, 2020. "Substantive Innovation or Strategic Innovation? Research on Multiplayer Stochastic Evolutionary Game Model and Simulation," Complexity, Hindawi, vol. 2020, pages 1-15, April.
    23. Xiaochao Wei & Qi Liao & Yanfei Zhang & Guihua Nie, 2022. "Effect of Overconfidence on Product Diffusion in Online Social Networks: A Multiagent Simulation Based on Evolutionary Game and Overconfidence Theory," Complexity, John Wiley & Sons, vol. 2022(1).
    24. Eghbali, Mohammad-Ali & Rasti-Barzoki, Morteza & Safarzadeh, Soroush, 2022. "A hybrid evolutionary game-theoretic and system dynamics approach for analysis of implementation strategies of green technological innovation under government intervention," Technology in Society, Elsevier, vol. 70(C).
    25. Tinggui Chen & Lijuan Peng & Jianjun Yang & Guodong Cong & Guoping Li, 2021. "Evolutionary Game of Multi-Subjects in Live Streaming and Governance Strategies Based on Social Preference Theory during the COVID-19 Pandemic," Mathematics, MDPI, vol. 9(21), pages 1-41, October.
    26. Ki, Chung-Wha (Chloe) & Chenn, Ashley & Man Chong, Sze & Cho, Erin, 2024. "Is livestream shopping conceptually New? a comparative literature review of livestream shopping and TV home shopping research," Journal of Business Research, Elsevier, vol. 174(C).
    27. Xiang Hui & Zekun Liu & Weiqing Zhang, 2023. "From High Bar to Uneven Bars: The Impact of Information Granularity in Quality Certification," Management Science, INFORMS, vol. 69(10), pages 6109-6127, October.
    28. Xie, Jifei & Wu, Haoyu & Liu, Kexi & Cui, Yunce & Zhang, Xiaofei, 2024. "Is virtual streamer useful? Effect of streamer type on consumer brand forgiveness when streamers make inappropriate remarks," Journal of Retailing and Consumer Services, Elsevier, vol. 79(C).
    29. Liu, Weihua & Long, Shangsong & Xie, Dong & Liang, Yanjie & Wang, Jinkun, 2021. "How to govern the big data discriminatory pricing behavior in the platform service supply chain?An examination with a three-party evolutionary game model," International Journal of Production Economics, Elsevier, vol. 231(C).
    30. Suman Banerjee & Shiyang Huang & Vikram Nanda & Steven Chong Xiao, 2023. "Managerial Overconfidence and Market Feedback Effects," Management Science, INFORMS, vol. 69(12), pages 7285-7305, December.
    31. Yan, Xiaoyu & Liu, Weihua & Tang, Ou & Hou, Jiahe, 2024. "When will an overconfident entrant in the two-sided market do more good than harm?," International Journal of Production Economics, Elsevier, vol. 267(C).
    32. Yufei Ren & Rachel Croson, 2013. "Overconfidence in Newsvendor Orders: An Experimental Study," Management Science, INFORMS, vol. 59(11), pages 2502-2517, November.
    33. Eghbali, Mohammad-Ali & Rasti-Barzoki, Morteza & Altmann, Jörn, 2024. "An evolutionary game-theoretic approach to analysis the green innovation chain dynamics under government policies," Technology in Society, Elsevier, vol. 77(C).
    34. Liang Shen & Yuanyuan Chen & Runjie Fan & Yuyan Wang & Baogui Xin, 2021. "Government Supervision on Explosive Enterprises’ Immoral Behaviors in E-Commerce Enterprises: An Evolutionary Game Analysis," Complexity, Hindawi, vol. 2021, pages 1-11, June.
    35. Cui, Xueqing & Li, Yongjian & Li, Xiang & Fang, Shulin, 2023. "Livestream e-commerce in a platform supply chain: A product-fit uncertainty reduction perspective," International Journal of Production Economics, Elsevier, vol. 258(C).
    36. De Maeyer, Peter & Estelami, Hooman, 2011. "Consumer perceptions of third party product quality ratings," Journal of Business Research, Elsevier, vol. 64(10), pages 1067-1073, October.
    37. Lo, Pei-San & Dwivedi, Yogesh K. & Wei-Han Tan, Garry & Ooi, Keng-Boon & Cheng-Xi Aw, Eugene & Metri, Bhimaraya, 2022. "Why do consumers buy impulsively during live streaming? A deep learning-based dual-stage SEM-ANN analysis," Journal of Business Research, Elsevier, vol. 147(C), pages 325-337.
    38. Li, Junqiang & Ren, Hao & Wang, Mingyue, 2021. "How to escape the dilemma of charging infrastructure construction? A multi-sectorial stochastic evolutionary game model," Energy, Elsevier, vol. 231(C).
    39. Daniel Feiler & Jordan Tong, 2022. "From Noise to Bias: Overconfidence in New Product Forecasting," Management Science, INFORMS, vol. 68(6), pages 4685-4702, June.
    40. Zhou, Min & Huang, Jinlong & Wu, Kexin & Huang, Xin & Kong, Nan & Campy, Kathryn S., 2021. "Characterizing Chinese consumers’ intention to use live e-commerce shopping," Technology in Society, Elsevier, vol. 67(C).
    41. Li, Cui & Li, Hong & Tao, Changqi, 2023. "Evolutionary game of platform enterprises, government and consumers in the context of digital economy," Journal of Business Research, Elsevier, vol. 167(C).
    42. Xu, Yan & Hu, Bin & Wu, Jiang & Zhang, Jianhua, 2014. "Nonlinear analysis of the cooperation of strategic alliances through stochastic catastrophe theory," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 400(C), pages 100-108.
    43. Hui He & Lilong Zhu, 2020. "Online shopping green product quality supervision strategy with consumer feedback and collusion behavior," PLOS ONE, Public Library of Science, vol. 15(3), pages 1-19, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Ruipeng & Tai, Yuhong, 2025. "How does blockchain mitigate false advertising in live streaming E-commerce? A tripartite stochastic evolutionary game approach," Journal of Retailing and Consumer Services, Elsevier, vol. 85(C).
    2. Zhou, Chi & Yu, Jing & Qian, Yong, 2024. "Should live-streaming platforms nonexclusively promote brands from traditional retail platforms?," Journal of Retailing and Consumer Services, Elsevier, vol. 80(C).
    3. Fan, Xiaojun & Zhang, Lu & Guo, Xin & Zhao, Wenyu, 2024. "The impact of live-streaming interactivity on live-streaming sales mode based on game-theoretic analysis," Journal of Retailing and Consumer Services, Elsevier, vol. 81(C).
    4. Chen, Yue & Wang, Yong & Zheng, Jing & Song, Yimin & Wen, Yue, 2025. "Self-reliance vs. Dependence: Optimal live streaming strategies selection for E-retailers at different developmental stages," Journal of Retailing and Consumer Services, Elsevier, vol. 84(C).
    5. Pei Li & Charles Spence & Chunmao Wu, 2025. "What motivate consumers’ purchase intention and the intention to continue watching in livestream shopping," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-14, December.
    6. Luo, Lijuan & Liu, Ling & Zheng, Yujie & Wang, Yuwei, 2025. "The power of voice: Investigating the effects of streamer voice characteristics on sales performance in live streaming E-commerce," Journal of Retailing and Consumer Services, Elsevier, vol. 84(C).
    7. Wang, Qian & Yao, Xinlin & Li, Xixi & Yan, Xiangbin & Li, Ruihao, 2025. "When peripheral route meets central route: An elaboration likelihood model of sales performance in live commerce," Journal of Retailing and Consumer Services, Elsevier, vol. 84(C).
    8. Xie, Yancong & Desouza, Kevin C., 2025. "Feeling grounded when watching live streaming shows of highly anthropomorphic interactive virtual influencers: An exploratory study on customer opinions," Journal of Business Research, Elsevier, vol. 199(C).
    9. Ma, Xiangyang & Ren, Jiawen & Khor, Xianghui & Wang, Ruina & Li, Tieshan & Lang, Xiaoping, 2025. "Influencing mechanisms of live streamer's language strategies on product sales," Journal of Retailing and Consumer Services, Elsevier, vol. 85(C).
    10. Yuan, Haixia & Lü, Kevin & Fang, Wenting, 2025. "Machines vs. humans: The evolving role of artificial intelligence in livestreaming e-commerce," Journal of Business Research, Elsevier, vol. 188(C).
    11. Xu, Xiaoping & Wang, Yuting & Cheng, T.C.E. & Choi, Tsan-Ming, 2024. "Should live broadcasting platforms adopt artificial intelligence? A sales effort perspective," European Journal of Operational Research, Elsevier, vol. 318(3), pages 979-999.
    12. Gong, Xiuyuan & Sun, Pengkai, 2026. "How to liberate human labor? Understanding the interplay of virtual streamer type and interaction style in livestreaming e-commerce," Journal of Business Research, Elsevier, vol. 205(C).
    13. Chunhui Huo & Xiaorui Wang & Muhammad Waqas Sadiq & Ming Pang, 2023. "Exploring Factors Affecting Consumer’s Impulse Buying Behavior in Live-Streaming Shopping: An Interactive Research Based Upon SOR Model," SAGE Open, , vol. 13(2), pages 21582440231, May.
    14. Xu, Xiaoping & Chen, Xinru & Hou, Jinyan & Cheng, T.C.E. & Yu, Yugang & Zhou, Li, 2025. "Should live streaming be adopted for agricultural supply chain considering platform’s quality improvement and blockchain support?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 195(C).
    15. Cai, Shoujie & Li, Sijie & Xue, Jingjing & Han, Xiaohua, 2026. "Product bundling strategy and pricing for co-livestreaming rooms considering consumer subscription," Omega, Elsevier, vol. 138(C).
    16. Zhang, Xiaoping & Zhang, Shihan, 2024. "Investigating impulse purchases in live streaming e-commerce: A perspective of match-ups," Technological Forecasting and Social Change, Elsevier, vol. 205(C).
    17. Zhang, Yanfen & Xu, Qi & Zhang, Guoqing, 2023. "Optimal contracts with moral hazard and adverse selection in a live streaming commerce market," Journal of Retailing and Consumer Services, Elsevier, vol. 74(C).
    18. Zhu, Lu & He, Juan, 2025. "Battery passport collaborative development strategy: A cooperative-stochastic evolutionary game analysis," Energy, Elsevier, vol. 329(C).
    19. Wang, Jingyi & Xu, Hua & Wang, Minggang, 2025. "Technology diffusion considering technological progress and multiple policy combinations based on evolutionary game theory," Technology in Society, Elsevier, vol. 81(C).
    20. Chang, Hung-Hao & Meyerhoefer, Chad D., 2025. "Spillover Effects of Livestream Promotions on E-Commerce Platform Food Sales," 2025 AAEA & WAEA Joint Annual Meeting, July 27-29, 2025, Denver, CO 360841, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:teinso:v:84:y:2026:i:c:s0160791x25002398. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/technology-in-society .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.