A Model of Online Misinformation with Endogenous Reputation

Andy Lau
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Andy Lau: University of Warwick

Warwick-Monash Economics Student Papers from Warwick Monash Economics Student Papers

Abstract: Misinformation dissemination in social media has emerged as a critical contemporary issue. This paper augments existing models of online misinformation by incorporating endogenous reputation dynamics. In contrast to prior research, reputation plays a pivotal role in shaping agents Bayesian-Nash equilibrium strategy through two key avenues : (i) the sharer’s reputation positively impacts the likelihood of sharing, and (ii) agents with higher initial reputations are less willing to share compared to their counterparts with lower initial reputations. Furthermore, this paper provides insights into the formation of individuals’ networks on social media. Surprisingly, individuals with high reputations are not universally favoured as network connections. Additionally, the paper examines relevant comparative statics, including the importance of interactions, and the implications of homophily. This research establishes a foundation for understanding the dynamics of reputation-based information sharing and network structure.

Keywords: Information sharing; misinformation; reputation; network; social media JEL classifications: C72; D83; D85 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-gth, nep-mic, nep-net and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:wrkesp:59

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