scholarly journals Confidence Modulates the Conformity Behavior of the Investors and Neural Responses of Social Influence in Crowdfunding

2021 ◽  
Vol 15 ◽  
Author(s):  
Jiehui Zheng ◽  
Linfeng Hu ◽  
Lu Li ◽  
Qiang Shen ◽  
Lei Wang

The decision about whether to invest can be affected by the choices or opinions of others known as a form of social influence. People make decisions with fluctuating confidence, which plays an important role in the decision process. However, it remains a fair amount of confusion regarding the effect of confidence on the social influence as well as the underlying neural mechanism. The current study applied a willingness-to-invest task with the event-related potentials method to examine the behavioral and neural manifestations of social influence and its interaction with confidence in the context of crowdfunding investment. The behavioral results demonstrate that the conformity tendency of the people increased when their willingness-to-invest deviated far from the group. Besides, when the people felt less confident about their initial judgment, they were more likely to follow the herd. In conjunction with the behavioral findings, the neural results of the social information processing indicate different susceptibilities to small and big conflicts between the own willingness of the people and the group, with small conflict evoked less negative feedback-related negativity (FRN) and more positive late positive potential (LPP). Moreover, confidence only modulated the later neural processing by eliciting larger LPP in the low confidence, implying more reliance on social information. These results corroborate previous findings regarding the conformity effect and its neural mechanism in investment decision and meanwhile extend the existing works of literature through providing behavioral and neural evidence to the effect of confidence on the social influence in the crowdfunding marketplace.

2021 ◽  
Vol 15 ◽  
Author(s):  
Min Fan ◽  
Jing Jie ◽  
Pinchao Luo ◽  
Yu Pang ◽  
Danna Xu ◽  
...  

Social exclusion has a significant impact on cognition, emotion, and behavior. Some behavioral studies investigated how social exclusion affects pain empathy. Conclusions were inconsistent, and there is a lack of clarity in identifying which component of pain empathy is more likely to be affected. To investigate these issues, we used a Cyberball task to manipulate feelings of social exclusion. Two groups (social exclusion and social inclusion) participated in the same pain empathy task while we recorded event-related potentials (ERP) when participants viewed static images of body parts in painful and neutral situations. The results showed early N2 differentiation between painful and neutral pictures in the central regions in both groups. The pattern at the late controlled processing stage was different. Parietal P3 amplitudes for painful pictures were significantly smaller than those for neutral pictures in the social exclusion group; they did not differ in the social inclusion group. We observed a parietal late positive potential (LPP) differentiation between painful and neutral pictures in both groups. LPP amplitudes were significantly smaller in the social exclusion group than those in the social inclusion group for painful stimuli. Our results indicate that social exclusion does not affect empathic responses during the early emotional sharing stage. However, it down-regulates empathic responses at the late cognitive controlled stage, and this modulation is attenuated gradually. The current study provides neuroscientific evidence of how social exclusion dynamically influences pain empathy.


Author(s):  
Bolanle A. Olaniran ◽  
Natasha Rodriguez ◽  
Indi M. Williams

The Social Information Processing Theory (SIPT) proposes that given time and opportunity to interact, relationships between individuals can form in online environments. Although not an overt assumption of the SIPT, it is essential to understand how cultural factors are important components of any CMC interaction. The power of the SIPT lies within its ability to foster communication between individuals through communicative behavior that is valued by the other’s culture. Therefore, Social Information Processing has the potential to aid the development of trust between virtual team members, establishing group cohesion, and accentuating cross-communication within international work groups.


2013 ◽  
Vol 16 ◽  
Author(s):  
Fatos Silman ◽  
Tayfun Dogan

AbstractThe aim of this research is to examine the relationship between social intelligence and loneliness of academics in the workplace. This study involves 326 (149 female/177 male) academics employed in various universities in Turkey and North Cyprus. The age average of participants is 39.09 years. In this study, the Loneliness at Work Scale (LAWS) and Tromso Social Intelligence Scale (TSIS) have been utilized. The data were analyzed using multiple regression and Pearson product-moment correlation coefficient analysis techniques. The findings showed that social information processing, social skills, and social awareness, which are the sub-dimensions of social intelligence, positively explained 26% of social deprivation. Social skills and social awareness positively explained 13% of social companionship. The findings also showed that the social information processing sub-dimension did not meaningfully explain social companionship.


1989 ◽  
Vol 69 (3-1) ◽  
pp. 883-893 ◽  
Author(s):  
Steve M. Jex ◽  
Paul E. Spector

The purpose of this research was to conduct two field experiments of the Social Information Processing (SIP) theory of job attitudes and reports of job characteristics. in the first, subjects were randomly assigned to either positive or no feedback regarding the job satisfaction of others in similar jobs. The results indicated that being exposed to such feedback had no effect on job satisfaction or perceptions of job characteristics. A second experiment was conducted in which both newly hired employees and employees with considerable job experience were randomly assigned to positive, negative, or no feedback conditions. The results were consistent with those of Exp. 1 in that being exposed to feedback regarding the job satisfaction of others had no effect on satisfaction or job perceptions. This was true regardless of job experience. Salancik and Pfeffer in 1978 may have overstated the importance of social cues in organizational settings.


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