Fooled by facts: quantifying anchoring bias through a large-scale experiment

Through a large-scale online field experiment, we provide new empirical evidence for the presence of the anchoring bias in people’s judgement due to irrational reliance on a piece of information that they are initially given. The comparison of the anchoring stimuli and respective responses across different tasks reveals a positive, yet complex relationship between the anchors and the bias in participants’ predictions of the outcomes of events in the future. Participants in the treatment group were equally susceptible to the anchors regardless of their level of engagement, previous performance, or gender. Given the strong and ubiquitous influence of anchors quantified here, we should take great care to closely monitor and regulate the distribution of information online to facilitate less biased decision making.

Exploring the political pulse of a country using data science tools

In this paper we illustrate the use of Data Science techniques to analyse complex human communication. In particular, we consider tweets from leaders of political parties as a dynamical proxy to political programmes and ideas. We also study the temporal evolution of their contents as a reaction to specific events. We analyse levels of positive and negative sentiment in the tweets using new tools adapted to social media. We also train a Fully-Connected Neural Network (FCNN) to recognise the political affiliation of a tweet. The FCNN is able to predict the origin of the tweet with a precision in the range of 71–75%, and the political leaning (left or right) with a precision of around 90%. This study is meant to be viewed as an example of how to use Twitter data and different types of Data Science tools for a political analysis.

OCR with Tesseract, Amazon Textract, and Google Document AI: a benchmarking experiment

Optical Character Recognition (OCR) can open up understudied historical documents to computational analysis, but the accuracy of OCR software varies. This article reports a benchmarking experiment comparing the performance of Tesseract, Amazon Textract, and Google Document AI on images of English and Arabic text. English-language book scans (n = 322) and Arabic-language article scans (n = 100) were replicated 43 times with different types of artificial noise for a corpus of 18,568 documents, generating 51,304 process requests. Document AI delivered the best results, and the server-based processors (Textract and Document AI) performed substantially better than Tesseract, especially on noisy documents. Accuracy for English was considerably higher than for Arabic. Specifying the relative performance of three leading OCR products and the differential effects of commonly found noise types can help scholars identify better OCR solutions for their research needs. The test materials have been preserved in the openly available “Noisy OCR Dataset” (NOD) for reuse in future benchmarking studies.

Community membership consistency applied to corporate board interlock networks

Community detection is a well-established method for studying the meso-scale structure of social networks. Applying a community detection algorithm results in a division of a network into communities that is often used to inspect and reason about community membership of specific nodes. This micro-level interpretation step of community structure is a crucial step in typical social science research. However, the methodological caveat in this step is that virtually all modern community detection methods are non-deterministic and based on randomization and approximated results. This needs to be explicitly taken into consideration when reasoning about community membership of individual nodes. To do so, we propose a metric of community membership consistency, that provides node-level insights in how reliable the placement of that node into a community really is. In addition, it enables us to distinguish the community core members of a community. The usefulness of the proposed metrics is demonstrated on corporate board interlock networks, in which weighted links represent shared senior level directors between firms. Results suggest that the community structure of global business groups is centered around persistent communities consisting of core countries tied by geographical and cultural proximity. In addition, we identify fringe countries that appear to associate with a number of different global business communities.