prof. dr. vincent f. hendricks - online bubbles and the downsides of social media (opening keynote)
TRANSCRIPT
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CIBS | Sponsored by the CARLSBERG FOUNDATION
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Vincent F. HendricksPelle G. HansenNew York: Springer Nature / Copernicus Books, 2016
www.infostorms.com
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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
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BUBBLE STUDIES
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BUBBLE HOSPITABLE ENVIRONMENT
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INVESTORS
ASSESTS
LIQUID MEANS
TRADING PLACES
BOOSTERS
SOCIAL PSYCHOLOGY ON SPEED
BUBBLES require hospitable environments to
GROW
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INFORMED TRADERS
NOISE TRADERS
DESPERADOS
…
OPINION TRADERS
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?
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The Power Law of Online Attention
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Ultra liquid opinion means
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SOCIAL ASSESTS WITH HIGH TRANSMISSION
1. ANGER / INDIGNATION
2. FEAR
3. FASCINATION / AWE
4. …
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BEST WORST
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UPS!
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Social Proof
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Social psychology on speed
”Social proof”- Bystander effects- Bandwagon-effects- Informational cascades- Polarization- Echo chambers- Bias- Framing- Spiral of Silence- …
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Google Search / Images / 16.05.2016
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Cyberbullying and Pluralistic Ignorance, 2016 (forthcoming)Rasmus K. Rendsvig, Winnie Alim, Vincent F. Hendricks
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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
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Post-Factual Democracy
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