Three Essays on the Economics of Information Systems.
My dissertation contains three studies centering on the question: how to motivate people to share high quality information on online information aggregation systems, also known as social computing systems? I take a social scientific approach to identify the strategic behavior of individuals in infor...
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ftumdeepblue:oai:deepblue.lib.umich.edu:2027.42/78798 2024-01-07T09:46:29+01:00 Three Essays on the Economics of Information Systems. Jian, Lian MacKie-Mason, Jeffrey K. Chen, Yan Melville, Nigel P. Sami, Rahul 917762 bytes 1373 bytes application/pdf text/plain https://hdl.handle.net/2027.42/78798 en_US eng https://hdl.handle.net/2027.42/78798 Social Computing E-commerce Management Economics Business Thesis ftumdeepblue 2023-12-10T17:55:53Z My dissertation contains three studies centering on the question: how to motivate people to share high quality information on online information aggregation systems, also known as social computing systems? I take a social scientific approach to identify the strategic behavior of individuals in information systems, and analyze how non-monetary incentive schemes motivate information provision. In my first study, I use statistical modeling to infer users' information provision strategies from their actions. Information system users' strategies for contribution (e.g., I only contribute if others have contributed a certain amount) are often not directly observable, but identifying their strategies is useful in system design. With my co-authors, Jeffrey MacKie-Mason and Paul Resnick, I constructed a maximum likelihood model with simultaneous equations to estimate strategic feedback reciprocation (i.e., I only provide feedback if you give me feedback first) among the traders on eBay. We found about 23% of the traders strategically reciprocate feedback. In my second study, I focus on truthful provision of information in information markets --- markets in which the participants trade bets about future events. The resulting market price reflects an aggregated prediction for the event. Theory predicts that when traders' private information is substitutable --- contains similar information --- they profit most by trading honestly. But when traders' private information is complementary --- contains exclusively different information --- traders are better off bluffing, i.e., first trading dishonestly to mislead others and later profiting from others' mistakes. Using human-subject experiments, my co-author Rahul Sami and I found traders indeed bluff more in markets with complements than in markets with substitutes. In my third study, I use game theory to analyze two non-monetary mechanisms for motivating information provision: the minimum threshold mechanism (MTM), under which one can access the public goods if she contributes ... Thesis sami University of Michigan: Deep Blue |
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University of Michigan: Deep Blue |
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Social Computing E-commerce Management Economics Business |
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Social Computing E-commerce Management Economics Business Jian, Lian Three Essays on the Economics of Information Systems. |
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Social Computing E-commerce Management Economics Business |
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My dissertation contains three studies centering on the question: how to motivate people to share high quality information on online information aggregation systems, also known as social computing systems? I take a social scientific approach to identify the strategic behavior of individuals in information systems, and analyze how non-monetary incentive schemes motivate information provision. In my first study, I use statistical modeling to infer users' information provision strategies from their actions. Information system users' strategies for contribution (e.g., I only contribute if others have contributed a certain amount) are often not directly observable, but identifying their strategies is useful in system design. With my co-authors, Jeffrey MacKie-Mason and Paul Resnick, I constructed a maximum likelihood model with simultaneous equations to estimate strategic feedback reciprocation (i.e., I only provide feedback if you give me feedback first) among the traders on eBay. We found about 23% of the traders strategically reciprocate feedback. In my second study, I focus on truthful provision of information in information markets --- markets in which the participants trade bets about future events. The resulting market price reflects an aggregated prediction for the event. Theory predicts that when traders' private information is substitutable --- contains similar information --- they profit most by trading honestly. But when traders' private information is complementary --- contains exclusively different information --- traders are better off bluffing, i.e., first trading dishonestly to mislead others and later profiting from others' mistakes. Using human-subject experiments, my co-author Rahul Sami and I found traders indeed bluff more in markets with complements than in markets with substitutes. In my third study, I use game theory to analyze two non-monetary mechanisms for motivating information provision: the minimum threshold mechanism (MTM), under which one can access the public goods if she contributes ... |
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MacKie-Mason, Jeffrey K. Chen, Yan Melville, Nigel P. Sami, Rahul |
format |
Thesis |
author |
Jian, Lian |
author_facet |
Jian, Lian |
author_sort |
Jian, Lian |
title |
Three Essays on the Economics of Information Systems. |
title_short |
Three Essays on the Economics of Information Systems. |
title_full |
Three Essays on the Economics of Information Systems. |
title_fullStr |
Three Essays on the Economics of Information Systems. |
title_full_unstemmed |
Three Essays on the Economics of Information Systems. |
title_sort |
three essays on the economics of information systems. |
url |
https://hdl.handle.net/2027.42/78798 |
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sami |
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sami |
op_relation |
https://hdl.handle.net/2027.42/78798 |
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1787428291734405120 |