The Disproportion of Crowd Wisdom: The Impact of Status Seeking on Yelp Reviews

2019 ◽  
Author(s):  
Chao Yu ◽  
Drew Margolin
Keyword(s):  
Crowd Wisdom ◽  
Status Seeking ◽  
The Impact

scholarly journals The disproportion of crowd wisdom: The impact of status seeking on Yelp reviews

PLoS ONE ◽  
2021 ◽  
Vol 16 (6) ◽  
pp. e0252157
Author(s):  
Chao Yu ◽  
Drew Margolin
Keyword(s):  
Wisdom Of Crowds ◽  
Aggregate Level ◽  
Variety Seeking ◽  
Individual Level ◽  
Price Levels ◽  
Crowd Wisdom ◽  
Status Seeking ◽  
Restaurant Reviews ◽  
The Impact ◽  
Level Analysis

This study shows that while status seeking motivates people to participate in crowdsourcing platforms, it also negatively impacts the bedrock of crowdsourcing–wisdom of crowds. Using Yelp restaurant reviews in 6 cities, we found that motivations of status seeking lead people to review a greater variety of restaurants, and achieving status further encourages this variety seeking as well as the targeting of more expensive restaurants for review. The impact of this individual-level tendency is confirmed by our aggregate-level analysis which shows that restaurants with higher price levels, higher uniqueness levels, and a larger percentage of elite reviews tend to obtain enough reviews to generate wisdom of crowds sooner than other restaurants. This leads to a different kind of distortion to crowd wisdom: an over-representation of status-conferring products and an under-representation of products that are not status-worthy. The findings suggest the importance of studying sources of distortion that are endemic to crowdsourcing itself.

scholarly journals Populism and International Relations: (Un)predictability, personalisation, and the reinforcement of existing trends in world politics

2019 ◽  
Vol 45 (5) ◽  
pp. 711-730 ◽  
Author(s):  
Sandra Destradi ◽  
Johannes Plagemann
Keyword(s):  
International Relations ◽  
World Politics ◽  
Right Wing ◽  
Government Formation ◽  
International Partnerships ◽  
Status Seeking ◽  
Global North ◽  
Different Shapes ◽  
Right Wing Populism ◽  
The Impact

AbstractAs populists have formed governments all over the world, it becomes imperative to study the consequences of the rise of populism for International Relations. Yet, systematic academic analyses of the international impact of populist government formation are still missing, and political commentators tend to draw conclusions from few cases of right-wing populism in the Global North. But populism – conceptualised as a ‘thin’ ideology based on anti-elitism and anti-pluralism – takes different shapes across world regions as populists combine it with different ‘thick’ ideologies. To reflect such diversity and gain more systematic insights into the global implications of populism, we focus on cases of populist government formation in the Global South. We find that populists in power are not, per se, more belligerent or less willing to engage globally than their non-populist predecessors. Factors like status seeking or a country's embeddedness in international institutions mitigate the impact of populism. Its most immediate effect concerns procedural aspects: foreign policymaking becomes more centralised and personalised – yet, not entirely unpredictable, given the importance of ‘thick’ ideologies espoused by populist parties and leaders. Rather than changing course entirely, populists in power reinforce existing trends, especially a tendency towards diversifying international partnerships.

scholarly journals Monetary and Social Rewards for Crowdsourcing

2019 ◽  
Vol 11 (10) ◽  
pp. 2834 ◽  
Author(s):  
Francesco Cappa ◽  
Federica Rosso ◽  
Darren Hayes
Keyword(s):  
Effective Means ◽  
Positive Influence ◽  
Theoretical Understanding ◽  
Monetary Rewards ◽  
Crowd Wisdom ◽  
Innovative Products ◽  
Negative Effect ◽  
Social Cause ◽  
The Impact ◽  
Social Rewards

Crowdsourcing of inventive activities is a particular form of crowdsourcing that helps firms to innovate by involving dispersed individuals to exploit “crowd wisdom”. In this context, the greater the number of contributions, the greater the possibility to gather extremely valuable ideas to produce innovative products and services. While monetary and social rewards can be an effective means to boost contributors’ extrinsic and intrinsic motivations to contribute, a theoretical understanding and empirical evidence of their effects are lacking. This paper focused on the crowdsourcing of inventive activities, initiated by listed companies worldwide, from 2007 to 2014. Our findings shed light on the influence of monetary and social rewards on the number of ideas collected. In particular, we analyzed the impact on the number of contributions brought about by monetary rewards and noted a positive influence related to its presence and also a negative effect related to the amount of the compensation. Moreover, we have demonstrated how the presence of a social cause is beneficial to the number of contributions. Consequently, we contribute to a scholarly understanding of the crowdsourcing phenomenon and we have provided guidance to managers seeking to initiate crowdsourcing campaigns.

Spillover Effects of Status Demotion on Customer Reactions to Loyalty Reward Promotions: The Role of Need for Status and Exclusivity

2018 ◽  
Vol 58 (8) ◽  
pp. 1302-1316 ◽  
Author(s):  
YooHee Hwang ◽  
Anna S. Mattila
Keyword(s):  
Negative Impact ◽  
Negative Emotions ◽  
Geographical Location ◽  
Spillover Effects ◽  
Joint Effect ◽  
Travel And Tourism ◽  
Status Seeking ◽  
Reward Program ◽  
The Impact

Prior research demonstrates that status demotion in the loyalty reward program heightens negative emotions, particularly when demotion is due to changes in company policies. In this research, we argue that such negative emotions are likely to spillover to evaluations of post-demotion promotions. We further argue that such spillover effects should be attenuated among individuals high in need for status. Study 1 examines the joint effect of the cause of demotion and customers’ need for status on loyalty. In study 2, we investigate the impact of exclusivity cues in post-demotion promotions and show that exclusive promotions diminish the negative impact of policy-based demotions on post-promotion loyalty among individuals high (vs. low) in need for status. Travel and tourism companies might want to consider using geographical location as a proxy for need for status or priming status-seeking via exclusive promotions (“elevate your travel experience”) to alleviate demoted customers’ negative emotions.

Going for the gold: Status-seeking behavior and Olympic performance

2013 ◽  
Vol 16 (3) ◽  
pp. 244-261 ◽  
Author(s):  
J. Patrick Rhamey ◽  
Bryan R. Early
Keyword(s):  
Social Identity Theory ◽  
Olympic Games ◽  
International System ◽  
Status Seeking ◽  
The Status ◽  
Seeking Behavior ◽  
Political Value ◽  
The Impact ◽  
International Status ◽  
The Olympic Games

State competition for international status takes a variety of forms, but most are linked to states’ related pursuits of economic and/or military power. The Olympics offer a unique venue for states to compete with one another in a forum whose consequences do not directly spill over into either realm. Instead, states compete against one another for Olympic medals—a currency with no other international political value beyond the prestige that can be obtained with them. Leveraging a theoretical framework nested in Social Identity Theory, we develop a set of hypotheses to explain how states can be attributed international status as a result of their performance in the Olympic Games and via playing host to them. Using a linear hierarchical method of analysis, we evaluate the impact of participation in the Summer Olympics on the status attributed to members of the international system from 1960 to 2012. Our findings indicate that states whose performance exceeds expectations and smaller-sized countries that play host to the Olympic Games disproportionately gain status from their participation in the sporting regime.

The Impact of Status Orientations on Purchase Preference for Foreign Products in Vietnam, and Implications for Policy and Society

2011 ◽  
Vol 32 (1) ◽  
pp. 52-60 ◽  
Author(s):  
Nguyen Thi Tuyet Mai ◽  
Kirk Smith
Keyword(s):  
Structural Equation ◽  
Quantitative Methods ◽  
Positive Influence ◽  
Equation Modeling ◽  
Social Motives ◽  
Foreign Products ◽  
Willingness To Buy ◽  
The Social ◽  
Status Seeking ◽  
The Impact

In this article, the authors examine the impact of status orientations on consumer purchase preferences for foreign products, an emerging disposition in Vietnam. Both qualitative (in-depth interviews and focus groups) and quantitative methods (survey with urban Vietnamese consumers) were employed in this investigation. The results of structural equation modeling (SEM) provided empirical evidence for the positive influence of modern status orientation (MSO) on willingness to buy imported products. Traditional status orientation (TSO) was found not to be a predictor of willingness to buy. Consistent with the findings from literature, consumer ethnocentrism was negatively related to willingness to buy imported products. Implications for public policy and marketers pertaining to the emerging proclivity of status-seeking foreign purchase and the social motives underlying this phenomenon are provided.

The Impact of Status Seeking on Consumers’ Word of Mouth and Product Preference—A Comparison Between Luxury Hospitality Services and Luxury Goods

2016 ◽  
Vol 41 (1) ◽  
pp. 3-22 ◽  
Author(s):  
Wan Yang ◽  
Anna S. Mattila
Keyword(s):  
Word Of Mouth ◽  
Academic Research ◽  
Luxury Goods ◽  
Status Seeking ◽  
The Status ◽  
Experience Recommendation ◽  
Positive Word Of Mouth ◽  
The Impact ◽  
Product Preference

Despite the rapid growth of the luxury hospitality market, academic research has largely neglected the differences between luxury hospitality services and luxury goods, as well as the role of status seeking on luxury consumption. Relying on the status consumption and experience recommendation theories, the authors examine the combined effects of consumer characteristics (need for status) and product type (hospitality services vs. goods) on consumers’ word-of-mouth intentions. The results suggest that parvenus, who are high in need for status, are more likely to talk about their luxury goods purchases than patricians, who are low in need for status. More interestingly, both parvenus and patricians indicate equally strong intentions to spread positive word of mouth on luxury hospitality purchases. This study also extends the experience recommendation theory and reveals that parvenus are less likely to choose luxury hospitality services than patricians to advance their happiness.

scholarly journals When social influence promotes the wisdom of crowds

2020 ◽  
Author(s):  
Abdullah Almaatouq ◽  
M. Amin Rahimian ◽  
Abdulla Alhajri
Keyword(s):  
Social Influence ◽  
Network Structure ◽  
Human Subjects ◽  
Wisdom Of Crowds ◽  
Social Network Structure ◽  
Crowd Wisdom ◽  
The Social ◽  
Computational Sciences ◽  
The Impact ◽  
The Wisdom Of Crowds

Whether, and under what conditions, groups exhibit "crowd wisdom" has been a major focus of research across the social and computational sciences. Much of this work has focused on the role of social influence in promoting the wisdom of the crowd versus leading the crowd astray, resulting in conflicting conclusions about how the social network structure determines the impact of social influence. Here, we demonstrate that it is not enough to consider the network structure in isolation. Using theoretical analysis, numerical simulation, and reanalysis of four experimental datasets (totaling 4,002 human subjects), we find that the wisdom of crowds critically depends on the interaction between (i) the centralization of the social influence network and (ii) the distribution of the initial, individual estimates, i.e., the estimation context. Specifically, we propose a feature of the estimation context that measures the suitability of the crowd to benefit from influence centralization and show its significant predictive powers empirically. By adopting a framework that integrates both the structure of the social influence and the estimation context, we bring previously conflicting results under one theoretical framework and clarify the effects of social influence on the wisdom of crowds.

Asset Pricing with Status Risk

2011 ◽  
Vol 01 (03) ◽  
pp. 495-549 ◽  
Author(s):  
Yoel Krasny
Keyword(s):  
Factor Model ◽  
Empirical Literature ◽  
Idiosyncratic Volatility ◽  
High Status ◽  
Portfolio Choices ◽  
Status Seeking ◽  
The Status ◽  
High Volatility ◽  
The Impact ◽  
Significant Support

This paper examines the impact of status-seeking considerations on investors' portfolio choices and asset prices in a general equilibrium setting. The economy studied in this paper consists of traditional ("Markowitz") investors as well as status-seekers who are concerned about relative wealth. The model highlights the strategic and interdependent nature of portfolio selection in such a setting: Low-status investors look for portfolio choices that maximize their chances of moving up the ladder while high-status investors look to maintain the status quo and hedge against these choices of the low-status investors. In equilibrium, asset returns obey a novel two-factor model in which one factor is the traditional market factor and the other is a particular "high volatility factor" that does not appear to have been identified so far in the theoretical or empirical literature. This two-factor model found significant support when tested with stock market data. Of particular interest is that the model and the empirical results attribute the low returns on idiosyncratic volatility stocks to their covariance with the portfolio of highly volatile stocks held by investors with relatively low status.

scholarly journals The dynamics of dominance: open questions, challenges and solutions

2022 ◽  
Vol 377 (1845) ◽  
Author(s):  
Eli D. Strauss ◽  
Daizaburo Shizuka
Keyword(s):  
Model Systems ◽  
Practical Reasons ◽  
Individual Level ◽  
Current State ◽  
Open Questions ◽  
Conceptual Clarity ◽  
Status Seeking ◽  
Decision Making Processes ◽  
The Individual ◽  
The Impact

Although social hierarchies are recognized as dynamic systems, they are typically treated as static entities for practical reasons. Here, we ask what we can learn from a dynamical view of dominance, and provide a research agenda for the next decades. We identify five broad questions at the individual, dyadic and group levels, exploring the causes and consequences of individual changes in rank, the dynamics underlying dyadic dominance relationships, and the origins and impacts of social instability. Although challenges remain, we propose avenues for overcoming them. We suggest distinguishing between different types of social mobility to provide conceptual clarity about hierarchy dynamics at the individual level, and emphasize the need to explore how these dynamic processes produce dominance trajectories over individual lifespans and impact selection on status-seeking behaviour. At the dyadic level, there is scope for deeper exploration of decision-making processes leading to observed interactions, and how stable but malleable relationships emerge from these interactions. Across scales, model systems where rank is manipulable will be extremely useful for testing hypotheses about dominance dynamics. Long-term individual-based studies will also be critical for understanding the impact of rare events, and for interrogating dynamics that unfold over lifetimes and generations. This article is part of the theme issue ‘The centennial of the pecking order: current state and future prospects for the study of dominance hierarchies’.

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