Cited by 2,231Experimental Behavioral Economics StudiesComplex Systems and Time Series AnalysisDecision-Making and Behavioral Economics

The DOI matches its Crossref record; 20 of the 21 references it cites were found in a registry or an index.

Experimental Study of Inequality and Unpredictability in an Artificial Cultural Market

Abstract

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.

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Crossref · 10.1126/science.1121066

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20 of 20 references verified0 citation errors · 0 not checkable

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Citations

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Show all 21 references

1 of the 21 references couldn’t be matched to a known paper.

Research works printed but not linked: 4

  1. R. E. Caves Creative Industries (Harvard Univ. Press Cambridge MA 2000).
  2. S. Rosen, Am. Econ. Rev.71, 845 (1981).
  3. M. Adler, Am. Econ. Rev.75, 208 (1985).
  4. L. R. Anderson, C. A. Holt, Am. Econ. Rev.87, 847 (1997).

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Items 201–300 of 2,217

Metadata

Authors
Salganik, M. J., Dodds, P. S., & Watts, D. J.
Affiliations
Santa Fe Institute (US)
Corresponding author
  • Salganik, Matthew J.
  • Dodds, Peter Sheridan
  • Watts, Duncan J.
Venue
Science
Published
2006-02-10
Volume
311
Issue
5762
Pages
854-856
ISSN
  • 0036-8075 (ISSN-L)
  • 1095-9203
OpenAlex
W2147453867
Cited by
2,231
References
21
Citations by year
2026: 168 · 2025: 104 · 2024: 102 · 2023: 123 · 2022: 103 · 2021: 231 · 2020: 104 · 2019: 130 · 2018: 131 · 2017: 142 · 2016: 121 · 2015: 123 · 2014: 133 · 2013: 92 · 2012: 122
FWCI
116.70
Type
journal article
Language
en
Open access
closed
Locations
  • Science (publishedVersion)
  • PubMed (publishedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Experimental Behavioral Economics Studies
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Complex Systems and Time Series Analysis
  • Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
Keywords
cultural market, social influence, music download, product success, consumer choice
MeSH terms
Consumer Behavior, Culture, Forecasting, Humans, Interpersonal Relations, Music, Research Design, Social Behavior, Sociology, Internet

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