Conference Proceedings

Aligning popularity and quality in online cultural markets

P Van Hentenryck, A Abeliuk, F Berbeglia, F Maldonado, G Berbeglia

Proceedings of the 10th International Conference on Web and Social Media, ICWSM 2016 | Published : 2016

Abstract

© Copyright 2016, Association for the Advancement of Artificial Intelligence (www.aaai.org). All rights reserved.Social influence is ubiquitous in cultural markets and plays an important role in recommendations for books, songs, and news articles to name only a few. Yet social influence is often presented in a bad light, often because it supposedly increases market unpredictability. Here we study a model of trial-offer markets, in which participants try products and later decide whether to purchase. We consider a simple policy which recovers product quality and ranks the products by quality when presenting them to market participants. We show that, in this setting, market efficiency always b..

View full abstract

University of Melbourne Researchers

Citation metrics