The DOI matches its Crossref record; 52 of the 52 references it cites were found in a registry or an index.
Persuasion Bias, Social Influence, and Unidimensional Opinions
Open accessAbstract
We propose a boundedly-rational model of opinion formation where agents are subject to the phenomenon of persuasion. We argue that persuasion - whereby repeated exposure to an opinion has a cumulative effect on an agent's beliefs - is pervasive and closely related to the concept of social influence. In our model, agents communicate repeatedly according to a social network, but fail to adjust properly for possible repetitions of information they receive. We show that under general conditions, agents' beliefs converge over time to a common belief, which is a weighted average of initial beliefs. Agents' weights can be characterized in several manners related to their network position, and can be interpreted as a measure of social influence. Furthermore, agents' multi-dimensional beliefs generally converge to a single line prior to obtaining a consensus. Thus, long-run differences in opinion can be characterized by a uni-dimensional measure. We explore the implications of our model in several natural settings, including neighborhoods with bilateral communication, hierarchies, and political science.
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Cites
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Antweiler, W., & Frank, M. Z. (2004) · The Journal of Finance · doi:10.1111/j.1540-6261.2004.00662.x · Cited by 2,373
The Fox News Effect: Media Bias and Voting
DellaVigna, S., & Kaplan, E. (2007) · The Quarterly Journal of Economics · doi:10.1162/qjec.122.3.1187 · Cited by 1,602
Bayesian Learning in Social Networks
Acemoglu, D., Dahleh, M. A., Lobel, I., & Ozdaglar, A. (2011) · The Review of Economic Studies · doi:10.1093/restud/rdr004 · Cited by 754
Opinion Dynamics and Learning in Social Networks
Acemoglu, D., & Ozdaglar, A. (2011) · Dynamic Games and Applications · doi:10.1007/s13235-010-0004-1 · Cited by 705
Bias in Cable News: Persuasion and Polarization
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Metadata
- Authors
- DeMarzo, P. M., Vayanos, D., & Zwiebel, J.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2003-08-01
- Volume
- 118
- Issue
- 3
- Pages
- 909-968
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W3125863268
- Cited by
- 958
- References
- 52
- FWCI
- 7.01
- Type
- journal article
- Language
- en
- Open access
- bronze
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.