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How do humans respond to indirect social influence when making decisions? We analysed an experiment where subjects had to repeatedly guess the correct answer to factual questions, while having only aggregated information about the answers…

Physics and Society · Physics 2013-02-12 Pavlin Mavrodiev , Claudio J. Tessone , Frank Schweitzer

Large language models (LLMs) are increasingly examined as both behavioral subjects and decision systems, yet it remains unclear whether observed cognitive biases reflect surface imitation or deeper probability shifts. Anchoring bias, a…

Artificial Intelligence · Computer Science 2025-11-11 Felipe Valencia-Clavijo

This paper models voters who invest effort to determine whether a particular claim relevant to their voting choices is correct. If a voter succeeds in determining whether the claim is correct, this information is shared via a social…

Theoretical Economics · Economics 2025-09-22 Boris Ginzburg

As scientists we like to think that modern societies and their members base their views, opinions and behaviour on scientific facts. This is not necessarily the case, even though we are all (over-) exposed to information flow through…

Physics and Society · Physics 2014-06-04 Gerardo Iñiguez , Julia Tagüeña-Martínez , Kimmo K. Kaski , R. A. Barrio

Experiments on decision making under uncertainty are known to display a classical pattern of risk aversion and risk seeking referred to as "fourfold pattern" (or "reflection effect") , but recent experiments varying the speed and order of…

Neurons and Cognition · Quantitative Biology 2024-01-17 Francesco Fumarola , Lukasz Kusmierz , Ronald B. Dekker

Anchoring is a term used in psychology to describe the common human tendency to rely too heavily (anchor) on one piece of information when making decisions. A trading algorithm inspired by biological motors, introduced by L. Gil\cite{Gil},…

Trading and Market Microstructure · Quantitative Finance 2008-12-10 Jorgen Vitting Andersen

We live in an age of information abundance but know little about how this influences our opinions or attitudes. A common expectation is that people consulting numerous pieces of information, well balancing the different sides of an issue,…

Physics and Society · Physics 2025-02-18 Guillaume Deffuant , Marijn A. Keijzer , Sven Banisch

It is widely believed that one's peers influence product adoption behaviors. This relationship has been linked to the number of signals a decision-maker receives in a social network. But it is unclear if these same principles hold when the…

Social and Information Networks · Computer Science 2020-09-09 Soumajyoti Sarkar , Ashkan Aleali , Paulo Shakarian , Mika Armenta , Danielle Sanchez , Kiran Lakkaraju

Online social networking technologies enable individuals to simultaneously share information with any number of peers. Quantifying the causal effect of these technologies on the dissemination of information requires not only identification…

Social and Information Networks · Computer Science 2012-02-29 Eytan Bakshy , Itamar Rosenn , Cameron Marlow , Lada Adamic

People in the Internet era have to cope with the information overload, striving to find what they are interested in, and usually face this situation by following a limited number of sources or friends that best match their interests. A…

Physics and Society · Physics 2013-03-26 Duanbing Chen , An Zeng , Giulio Cimini , Yi-Cheng Zhang

Modern data is messy and high-dimensional, and it is often not clear a priori what are the right questions to ask. Instead, the analyst typically needs to use the data to search for interesting analyses to perform and hypotheses to test.…

Machine Learning · Statistics 2019-10-09 Daniel Russo , James Zou

It has been proposed that information sharing, which is a ubiquitous and consequential behavior, plays a critical role in cultivating and maintaining a sense of shared reality. Across three studies, we tested this theory by investigating…

Neurons and Cognition · Quantitative Biology 2024-12-24 Elisa C. Baek , Ryan Hyon , Karina López , Mason A. Porter , Carolyn Parkinson

A major problem that resulted from the massive use of social media networks is the diffusion of incorrect information. However, very few studies have investigated the impact of incorrect information on individual and collective decisions.…

In recent studies of political decision-making, apparently anomalous behavior has been observed on the part of voters, in which negative information about a candidate strengthens, rather than weakens, a prior positive opinion about the…

Artificial Intelligence · Computer Science 2013-06-12 William W. Cohen , David P. Redlawsk , Douglas Pierce

This work contributes to a foundational question in economic theory: how do individual-level cognitive biases interact with collective choice mechanisms? We study a setting where voters hold intrinsic preference rankings over a set of…

Theoretical Economics · Economics 2026-02-24 Federico Fioravanti , Zoi Terzopoulou

In this study, I present a theoretical social learning model to investigate how confirmation bias affects opinions when agents exchange information over a social network. Hence, besides exchanging opinions with friends, agents observe a…

Theoretical Economics · Economics 2023-02-27 Marcos R. Fernandes

Artificial intelligence (AI)-driven decision support systems can improve diagnostic accuracy and efficiency in computational pathology. However, collaboration between human experts and AI may introduce cognitive biases such as automation…

Human-Computer Interaction · Computer Science 2026-03-16 Emely Rosbach , Jonas Ammeling , Jonathan Ganz , Christof Albert Bertram , Thomas Conrad , Andreas Riener , Marc Aubreville

In our digital and connected societies, the development of social networks, online shopping, and reputation systems raises the question of how individuals use social information, and how it affects their decisions. We report experiments…

Increasingly, people use social media for their day-to-day interactions and as a source of information, even though much of this information is practically anonymous. This raises the question: does anonymous information influence its…

Social and Information Networks · Computer Science 2025-04-22 Boleslaw K. Szymanski , Brendan Cross , John Hulton , James Flamino , Chris Gaiteri , Jonathan Z. Bakdash

Bias in online information has recently become a pressing issue, with search engines, social networks and recommendation services being accused of exhibiting some form of bias. In this vision paper, we make the case for a systematic…