Download or read book On Information Distortions in Online Ratings written by Omar Besbes and published by . This book was released on 2016 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer reviews and ratings of products and services have become ubiquitous on the Internet. This paper analyzes, given the sequential nature of reviews and the limited feedback of such past reviews, the information content they communicate to future customers. We consider a model with heterogeneous customers who buy a product of unknown quality and we focus on two different informational settings. In the first setting customers observe the whole history of past reviews. In the second one they only observe the sample mean of past reviews. We examine under which conditions, in each setting, customers can recover the true quality of the product based on the feedback they observe. In the case of total monitoring, if consumers adopt a fully rational Bayesian updating paradigm, then they asymptotically learn the unknown quality. With access to only the sample mean of past reviews, inference becomes intricate for customers and it is not clear if/when and how social learning can take place. We first analyze the setting when customers interpret the mean as the proxy of quality. We show that in the long run, the sample mean of reviews stabilizes and in general, they overestimate the underlying quality of the product in the long run. We establish properties of the bias, which stems from the selection associated with observing only reviews of customers who purchase. Then, we show the existence of a simple non-Bayesian quality inference rule that leads to social learning when all customers use such a rule. In this framework, when the population of consumers is mixed, we show that a subgroup of customers can learn the true quality and that this subgroup negatively affects the more naive customers.
Download or read book The Problem with Online Ratings written by Sinan Aral and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Digital Economy Emerging Technologies and Business Innovation written by Rim Jallouli and published by Springer Nature. This book was released on 2023-09-16 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the proceedings of the 8th International Conference on Digital Economy, ICDEc 2023, which took place in Braga, Portugal, in May 2023. The 26 full papers included in this volume were carefully reviewed and selected from 72 submissions. They were organized in topical sections as follows: Digital transformation; e-learning and digital competencies; digital marketing and artificial intelligence; e-finance and digital assets; digital marketing and data analytics; digital economy; online session.
Download or read book Sharing Economy written by Ming Hu and published by Springer. This book was released on 2019-01-11 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited book examines the challenges and opportunities arising from today’s sharing economy from an operations management perspective. Individual chapter authors present state-of-the-art research that examines the general impact of sharing economy on production and consumption; the intermediary role of a sharing platform; crowdsourcing management; and context-based operational problems. Sharing economy refers to a market model that enables and facilitates the sharing of access to goods and services. For example, Uber allows riders to share a car. Airbnb allows homeowners to share their extra rooms with renters. Groupon crowdsources demands, enabling customers to share the benefit of discounted goods and services, whereas Kickstarter crowdsources funds, enabling backers to fund a project jointly. Unlike the classic supply chain settings in which a firm makes inventory and supply decisions, in sharing economy, supply is crowdsourced and can be modulated by a platform. The matching-supply-with-demand process in a sharing economy requires novel perspectives and tools to address challenges and identify opportunities. The book is comprised of 20 chapters that are divided into four parts. The first part explores the general impact of sharing economy on the production, consumption, and society. The second part explores the intermediary role of a sharing platform that matches crowdsourced supply with demand. The third part investigates the crowdsourcing management on a sharing platform, and the fourth part is dedicated to context-based operational problems of popular sharing economy applications. “While sharing economy is becoming omnipresence, the operations management (OM) research community has begun to explore and examine different business models in the transportation, healthcare, financial, accommodation, and sourcing sectors. This book presents a collection of the state-of-the-art research work conducted by a group of world-leading OM researchers in this area. Not only does this book cover a wide range of business models arising from the sharing economy, but it also showcases different modeling frameworks and research methods that cannot be missed. Ultimately, this book is a tour de force – informative and insightful!” Christopher S. Tang Distinguished Professor and Edward Carter Chair in Business Administration UCLA Anderson School of Management
Download or read book Digital Privacy in the Marketplace written by George Milne and published by Business Expert Press. This book was released on 2015-01-14 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital Privacy in the Marketplace focuses on the data ex-changes between marketers and consumers, with special ttention to the privacy challenges that are brought about by new information technologies. The purpose of this book is to provide a background source to help the reader think more deeply about the impact of privacy issues on both consumers and marketers. It covers topics such as: why privacy is needed, the technological, historical and academic theories of privacy, how market exchange af-fects privacy, what are the privacy harms and protections available, and what is the likely future of privacy.
Download or read book Advances in Data Science and Information Engineering written by Robert Stahlbock and published by Springer Nature. This book was released on 2021-10-29 with total page 965 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book presents the proceedings of two conferences: the 16th International Conference on Data Science (ICDATA 2020) and the 19th International Conference on Information & Knowledge Engineering (IKE 2020), which took place in Las Vegas, NV, USA, July 27-30, 2020. The conferences are part of the larger 2020 World Congress in Computer Science, Computer Engineering, & Applied Computing (CSCE'20), which features 20 major tracks. Papers cover all aspects of Data Science, Data Mining, Machine Learning, Artificial and Computational Intelligence (ICDATA) and Information Retrieval Systems, Information & Knowledge Engineering, Management and Cyber-Learning (IKE). Authors include academics, researchers, professionals, and students. Presents the proceedings of the 16th International Conference on Data Science (ICDATA 2020) and the 19th International Conference on Information & Knowledge Engineering (IKE 2020); Includes papers on topics from data mining to machine learning to informational retrieval systems; Authors include academics, researchers, professionals and students.
Download or read book Contemporary Issues in Digital Marketing written by Outi Niininen and published by Routledge. This book was released on 2021-11-29 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive overview of the key topics, best practices, future opportunities and challenges in the Digital Marketing discourse. With contributions from world-renowned experts, the book covers: Big Data, Artificial Intelligence and Analytics in Digital Marketing Emerging technologies and how they can enhance User Experience How ‘digital’ is changing servicescapes Issues surrounding ethics and privacy Current and future issues surrounding Social Media Key considerations for the future of Digital Marketing Case studies and examples from real-life organisations Unique in its rigorous, research-driven and accessible approach to the subject of Digital Marketing, this text is valuable supplementary reading for advanced undergraduate and postgraduate students studying Digital and Social Media Marketing, Customer Experience Management, Digital Analytics and Digital Transformation.
Download or read book Do I Follow My Friends Or the Crowd Information Cascades in Online Movie Ratings written by Young-Jin Lee and published by . This book was released on 2015 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Online product ratings are widely available on the Internet and are known to influence prospective buyers. An emerging literature has started to look at how ratings are generated and in particular how they are influenced by prior ratings. We study the social influence of prior ratings and, in particular, investigate any differential impact of prior ratings by strangers (“crowd”) versus friends. We find evidence of both herding and differentiation behavior in crowd ratings wherein users' ratings are influenced positively or negatively by prior ratings depending on movie popularity. In contrast, friends' ratings always induce herding. Further, the presence of social networking reduces the likelihood of herding on prior ratings by the crowd. Finally, we find that an increase in the number of friends who can potentially observe a user's rating (“audience size”) has a positive impact on ratings. These findings raise questions about the reliability of ratings as unbiased indicators of quality and advocate the need for techniques to de-bias rating systems.
Download or read book Statistical Methods in e Commerce Research written by Wolfgang Jank and published by John Wiley & Sons. This book was released on 2008-12-29 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: This groundbreaking book introduces the application of statistical methodologies to e-Commerce data With the expanding presence of technology in today's economic market, the use of the Internet for buying, selling, and investing is growing more popular and public in nature. Statistical Methods in e-Commerce Research is the first book of its kind to focus on the statistical models and methods that are essential in order to analyze information from electronic-commerce (e-Commerce) transactions, identify the challenges that arise with new e-Commerce data structures, and discover new knowledge about consumer activity. This collection gathers over thirty researchers and practitioners from the fields of statistics, computer science, information systems, and marketing to discuss the growing use of statistical methods in e-Commerce research. From privacy protection to economic impact, the book first identifies the many obstacles that are encountered while collecting, cleaning, exploring, and analyzing e-Commerce data. Solutions to these problems are then suggested using established and newly developed statistical and data mining methods. Finally, a look into the future of this evolving area of study is provided through an in-depth discussion of the emerging methods for conducting e-Commerce research. Statistical Methods in e-Commerce Research successfully bridges the gap between statistics and e-Commerce, introducing a statistical approach to solving challenges that arise in the context of online transactions, while also introducing a wide range of e-Commerce applications and problems where novel statistical methodology is warranted. It is an ideal text for courses on e-Commerce at the upper-undergraduate and graduate levels and also serves as a valuable reference for researchers and analysts across a wide array of subject areas, including economics, marketing, and information systems who would like to gain a deeper understanding of the use of statistics in their work.
Download or read book Market Distortions when Agents are Better Informed written by Steven D. Levitt and published by . This book was released on 2005 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Agents are often better informed than the clients who hire them and may exploit this informational advantage. Real-estate agents, who know much more about the housing market than the typical homeowner, are one example. Because real estate agents receive only a small share of the incremental profit when a house sells for a higher value, there is an incentive for them to convince their clients to sell their houses too cheaply and too quickly. We test these predictions by comparing home sales in which real estate agents are hired by others to sell a home to instances in which a real estate agent sells his or her own home. In the former case, the agent has distorted incentives; in the latter case, the agent wants to pursue the first-best. Consistent with the theory, we find homes owned by real estate agents sell for about 3.7 percent more than other houses and stay on the market about 9.5 days longer, even after controlling for a wide range of housing characteristics. Situations in which the agent's informational advantage is larger lead to even greater distortions"--National Bureau of Economic Research web site.
Download or read book An Introduction to Cyberpsychology written by Gráinne Kirwan and published by Taylor & Francis. This book was released on 2024-02-06 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Introduction to Cyberpsychology provides a comprehensive introduction to this rapidly growing discipline. Fully updated in its second edition, the book encourages students to critically evaluate the psychology of online interactions and to develop appropriate research methodologies to complete their own work in this field. The book examines cyberpsychology and online research methodologies, social psychology in an online context, practical applications of cyberpsychology, and the psychological aspects of other technologies. This new edition has been carefully updated to include additional coverage of: Expanded content relating to major developments in the field and new content on gaming and screentime A new chapter examining the relationship between older adults and technology Cyberpsychology in focus feature boxes in each chapter that examine topics in depth Interviews with professionals working in fields relating to cyberpsychology Each chapter includes key terms and a glossary, content summaries, discussion questions, and recommended reading to guide further study. Supported by extensive online resources for students and instructors, this authoritative book is an essential core text for undergraduate modules in cyberpsychology, and an ideal primer for students of postgraduate programs in cyberpsychology. To view the additional student and instructor resources for this book, please visit bpscoretextbooks.routledge.com
Download or read book The Governance of Regulators Shaping the Future of Regulators The Impact of Emerging Technologies on Economic Regulators written by OECD and published by OECD Publishing. This book was released on 2020-11-16 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pace and scope of emerging technologies are creating a sea change for governments and for regulators. This report brings together case studies submitted by members of the OECD Network of Economic Regulators that highlight how regulators have analysed and tackled these issues.
Download or read book AP Human Geography Premium 2024 6 Practice Tests Comprehensive Review Online Practice written by Meredith Marsh and published by Simon and Schuster. This book was released on 2023-07-04 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than 80 years, BARRON's has been helping students achieve their goals. Prep for the AP® Human Geography exam with trusted review from our experts.
Download or read book The Value of Bad Ratings written by and published by . This book was released on 2020 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book FCC Record written by United States. Federal Communications Commission and published by . This book was released on 2012-04-09 with total page 990 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book OAT 2017 2018 Strategies Practice Review with 2 Practice Tests written by Kaplan Test Prep and published by Simon and Schuster. This book was released on 2016-10-04 with total page 1069 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issued with 16 pages of detachable study sheets and access to two full-length practice tests.
Download or read book e Research Collaboration written by Murugan Anandarajan and published by Springer Science & Business Media. This book was released on 2010-07-01 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research 2.0 is now a critical component in research management. This book describes how Web 2.0 technologies can help researchers collaborate. It contains examples of web portals including MyNetResearch and discusses critical aspects of research management.
