Experimental study of inequality and unpredictability in an artificial cultural market.
نویسندگان
چکیده
Hit songs, books, and movies are many times more successful than average, suggesting that "the best" alternatives are qualitatively different from "the rest"; yet experts routinely fail to predict which products will succeed. We investigated this paradox experimentally, by creating an artificial "music market" in which 14,341 participants downloaded previously unknown songs either with or without knowledge of previous participants' choices. Increasing the strength of social influence increased both inequality and unpredictability of success. Success was also only partly determined by quality: The best songs rarely did poorly, and the worst rarely did well, but any other result was possible.
منابع مشابه
Supporting Online Material for Experimental Study of Inequality and Unpredictability in an Artificial Cultural Market
متن کامل
Supporting Online Materials An experimental study of inequality and unpredictability in an artificial cultural market
As stated in the main text, subjects entering the experiment were randomly assigned into either the independent condition or the social influence condition. Subjects in the independent condition had no information about the previous behavior of others and so were forced to make their decisions about the songs independently. However, subjects in the social influence condition were given informat...
متن کاملTaming the Unpredictability of Cultural Markets with Social Influence
Unpredictability is often portrayed as an undesirable outcome of social influence in cultural markets. Unpredictability stems from the “rich get richer” effect, whereby small fluctuations in the market share or popularity of products are amplified over time by social influence. In this paper, we report results of an experimental study that shows that unpredictability is not an inherent property...
متن کاملThe Study Feminist Tendencies and its Relationship with Economical, Social and Cultural Motives in the Female Students of the Islamic Azad University(Garmsar Branch)
The object of this research was to study and explain feminist tendencies and its relationship with economical, social, and cultural motives in the female students of the Islamic Azad University of Garmsar. It was used compilation of theoretic viewpoints of Ritzer, Castells, Giddens, and Parsons in feminist discussion and a framework and theoretic model was formulated. By using surveyor method...
متن کاملINTERNATIONAL IMMIGRATION AND ITS ECONOMIC IMPACT ON THE LABOR MARKET IN HOST COUNTRIES
According to the latest census conducted by the United Nations, currently about 213 million people, i.e. more than 3 percent of the world's population, live outside the country of their birth. The great mobility of the population has definitely different effects on host countries’ economy. The labor market along with commodity, capital and money markets as one of the main pillars of the e...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
- Science
دوره 311 5762 شماره
صفحات -
تاریخ انتشار 2006