Online Reputation and Polling Systems: Data Incest, Social Learning and Revealed Preferences
Vikram Krishnamurthy, William Hoiles

TL;DR
This paper models online reputation and polling systems as social learning on directed graphs, analyzing data incest issues, proposing mitigation algorithms, and applying revealed preferences to social media data to understand user behavior.
Contribution
It introduces a formal model of social learning with data incest, provides algorithms for incest removal, and applies economic theory to social media datasets.
Findings
Data incest causes overconfidence in social learning.
Incest removal algorithms effectively mitigate misinformation.
Social sensors in Twitter act as utility maximizers.
Abstract
This paper considers online reputation and polling systems where individuals make recommendations based on their private observations and recommendations of friends. Such interaction of individuals and their social influence is modelled as social learning on a directed acyclic graph. Data incest (misinformation propagation) occurs due to unintentional re-use of identical actions in the for- mation of public belief in social learning; the information gathered by each agent is mistakenly considered to be independent. This results in overconfidence and bias in estimates of the state. Necessary and sufficient conditions are given on the structure of information exchange graph to mitigate data incest. Incest removal algorithms are presented. Experimental results on human subjects are presented to illustrate the effect of social influence and data incest on decision making. These experimental…
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Taxonomy
TopicsGame Theory and Applications · Opinion Dynamics and Social Influence · Auction Theory and Applications
