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The Influence of Information Cocoons on Modern Consumers

In: Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)

Author

Listed:
  • Linxuan Niu

    (Durham University, Business School)

  • Rui Tian

    (Temple University, Fox School of Business)

  • Isabella Chen

    (Southlands Christian School)

  • Tianyi Wu

    (Shanghai Jinshan Hangzhou Bay Bilingual School (HBBSS))

Abstract

The rapid development of social media platforms and digital technology provides individuals with advantages to access information, but it also creates information cocoons in the meantime. The purpose of this paper is to discuss the influence brought by information cocoons in this age of information explosion and the impact on several areas such as online consumption, short video viewing, political polarization, and democratic discourse. By conducting adequate research and reviewing abundant resources online, we safely draw to the content that people will be easier to obtain and accept information that aligns with their existing beliefs, which results in a pattern of fast thinking. To apply this type of fast thinking in daily behavior, consumers rely on narrow sources of information and recommendations, resulting in suboptimal online shopping outcomes. In addition, it also limits people’s reception of video content. Except for individuals’ decisions, information cocoons cause influence on politics that are accepted by citizens as well. This article emphasizes the most on the impact of information cocoons on consumers, including overspending, product selection, and other negative effects. In the end, we predict that the impact of information cocoons will be continuous in the future, but it can be lessened if people are intentionally breaking out of the bubbles.

Suggested Citation

  • Linxuan Niu & Rui Tian & Isabella Chen & Tianyi Wu, 2024. "The Influence of Information Cocoons on Modern Consumers," Advances in Economics, Business and Management Research, in: Shehnaz Tehseen & Mohd Naseem Niaz Ahmad & Rafia Afroz (ed.), Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023), pages 420-431, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-246-0_50
    DOI: 10.2991/978-94-6463-246-0_50
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