CIBS | Sponsored by the CARLSBERG FOUNDATION
CIBS | Sponsored by the CARLSBERG FOUNDATION
Vincent F. HendricksPelle G. HansenNew York: Springer Nature / Copernicus Books, 2016
www.infostorms.com
The information in the world doubles everyday. What they don't tell us, is that our wisdom is cut in half at the same time.
– Joey Novick
BUBBLE STUDIES
BUBBLE HOSPITABLE ENVIRONMENT
INVESTORS
ASSESTS
LIQUID MEANS
TRADING PLACES
BOOSTERS
SOCIAL PSYCHOLOGY ON SPEED
BUBBLES require hospitable environments to
GROW
INFORMED TRADERS
NOISE TRADERS
DESPERADOS
…
OPINION TRADERS
?
The Power Law of Online Attention
Ultra liquid opinion means
SOCIAL ASSESTS WITH HIGH TRANSMISSION
1. ANGER / INDIGNATION
2. FEAR
3. FASCINATION / AWE
4. …
BEST WORST
UPS!
Social Proof
Social psychology on speed
”Social proof”- Bystander effects- Bandwagon-effects- Informational cascades- Polarization- Echo chambers- Bias- Framing- Spiral of Silence- …
Google Search / Images / 16.05.2016
Cyberbullying and Pluralistic Ignorance, 2016 (forthcoming)Rasmus K. Rendsvig, Winnie Alim, Vincent F. Hendricks
If a comment received just a single upvote, the likelihood of receiving another upvote for the first userto see it was 32% relative to the control group.
A central conclusion “attempts to aggregate collective judgment and socialize choice could be easily manipulated, with dramatic consequences for our markets, our politics, and our health”.
A Randomized Experiment, Muchnik et al., Science / August 2013
Post-Factual Democracy