Prof. dr. Vincent F. Hendricks - Online bubbles and the downsides of social media (Opening Keynote)

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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