Social Proof
Conformity
Impact of Individuals on Individuals
Persuasion Strategies
Confirmation Biases
Randomized Experiments
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Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
Published on: March 2, 2011
Lev Muchnik1, Sinan Aral, Sean J Taylor
1School of Business Administration, The Hebrew University of Jerusalem, Mount Scopus, Jerusalem, 91905 Israel.
Knowing aggregated online opinions biases decisions. Positive social influence leads to 32% more positive ratings and 25% higher final scores due to herding effects.
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