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How Recommendation Affects Customer Search: A Field Experiment 推荐如何影响客户搜索:现场实验
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-03-04 DOI: 10.1287/isre.2022.0294
Zhe Yuan, AJ Yuan Chen, Yitong Wang, Tianshu Sun
The findings of this study have important implications for digital platform designers, managers, and regulators. First, the large-scale field experiment provides valuable insights into the relationship between product recommendation and consumer search under different scenarios. It highlights the importance of understanding consumer demand states and previous interests. Platforms can use these findings to customize product recommendations at an individual level and foster channel complementarity between recommendation and search. Second, the study emphasizes the need to consider channel spillovers. Optimizing recommender systems without considering the impact of channel interactions with search engines may lead to suboptimal results. Platforms should aim for a more coordinated integration of recommendation and search channels, as our conceptual framework illustrates how customers in different demand states can be influenced and served by both systems. Third, the findings offer insights into the potential impact of data regulations on e-commerce platforms. The study demonstrates that data regulations have a greater impact on the recommendation channel compared with the search channel. Platforms should find a balance between recommendation and search when facing stringent data regulations. They may strategically focus on the search channel to gather revealed customer interests, leading to a deeper integration of both channels.
本研究的发现对数字平台的设计者、管理者和监管者具有重要意义。首先,大规模的现场实验为了解不同场景下产品推荐与消费者搜索之间的关系提供了宝贵的见解。它强调了了解消费者需求状态和以往兴趣的重要性。平台可以利用这些发现在个人层面上定制产品推荐,并促进推荐与搜索之间的渠道互补。其次,研究强调了考虑渠道溢出效应的必要性。优化推荐系统而不考虑渠道与搜索引擎互动的影响可能会导致次优结果。平台应致力于更加协调地整合推荐和搜索渠道,因为我们的概念框架说明了处于不同需求状态的客户如何受到这两个系统的影响并得到服务。第三,研究结果为数据法规对电子商务平台的潜在影响提供了启示。研究表明,与搜索渠道相比,数据法规对推荐渠道的影响更大。面对严格的数据法规,平台应在推荐和搜索之间找到平衡。它们可以战略性地将重点放在搜索渠道上,以收集客户的兴趣,从而实现两个渠道的深度整合。
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引用次数: 0
Understanding Volunteer Crowdsourcing from a Multiplex Perspective 从多重视角了解志愿者众包
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-03-04 DOI: 10.1287/isre.2022.0290
Yifan Yu, Xue (Jane) Tan, Yong Tan
Our study delves into the understudied realm of volunteer crowdsourcing activities. Analyzing 827,260 volunteers’ participation in 183,445 projects initiated by 74,556 nonprofit organizations over nine years, the study unlocks insights into volunteers’ collaboration relationships and their behaviors, vital for increasing nonpaid labor supply and enhancing platform performance. We introduce a multiplex perspective to reveal how multilayer network dynamics offer enabling and constraining effects on volunteers’ continued participation, engagement, and interorganization movement. Practically, our findings equip crowdsourcing platforms with strategies to refine decision making and bolster volunteer engagement. By integrating novel network features such as tie multiplexity and relational pluralism, platforms can predict user actions more precisely. This fosters recommendation systems that not only elevate volunteer commitment but also facilitate productive interorganization transitions. At the macro level, tie multiplexity may lead to the “rich-get-richer” effect, enlarging the development inequality between large and small/new nonprofit organizations, whereas promoting relational pluralism is a potential remedy. For policymakers, our study offers a blueprint for nurturing volunteer networks and collaboration across organizations. Using a multiplex approach, they can adeptly manage the unpaid labor sector and invigorate nonprofit organizations. Our insights go beyond crowdsourcing as they could be applied to any digital context with multilayer networks, promising more tailored strategies to engage and mobilize users.
我们的研究深入探讨了未被充分研究的志愿者众包活动领域。通过分析 827,260 名志愿者在九年内参与了由 74,556 个非营利组织发起的 183,445 个项目,研究揭示了志愿者的合作关系及其行为,这对于增加无偿劳动力供应和提高平台绩效至关重要。我们引入多重视角,揭示了多层网络动态如何对志愿者的持续参与、投入和组织间流动产生促进和制约作用。实际上,我们的发现为众包平台提供了完善决策和提高志愿者参与度的策略。通过整合纽带复用性和关系多元性等新型网络特征,平台可以更精确地预测用户行动。这样,推荐系统不仅能提高志愿者的参与度,还能促进组织间富有成效的过渡。在宏观层面,纽带多重性可能会导致 "富者愈富 "效应,扩大大型和小型/新兴非营利组织之间的发展不平等,而促进关系多元化则是一种潜在的补救措施。对于政策制定者来说,我们的研究为培育志愿者网络和跨组织合作提供了一个蓝图。利用多重方法,他们可以很好地管理无偿劳动部门,为非营利组织注入活力。我们的见解超越了众包的范畴,因为它们可以应用于任何具有多层网络的数字环境,有望为吸引和动员用户提供更有针对性的策略。
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引用次数: 0
A Nudge to Credible Information as a Countermeasure to Misinformation: Evidence from Twitter 推送可信信息作为应对错误信息的对策:来自推特的证据
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-02-28 DOI: 10.1287/isre.2021.0491
Elina H. Hwang, Stephanie Lee
As people increasingly rely on social media to obtain healthcare information, misinformation, such as myths, rumors, and false information on healthcare, is posing a grave threat to public health. This paper investigates a potential remedy for such infodemic by examining a unique countermeasure that Twitter implemented. Instead of resorting to outright censorship, Twitter has taken a more nuanced approach: The platform has been nudging its users toward reputable sources whenever they seek out topics susceptible to misinformation. By analyzing the propagation of news articles that contain misinformation about health topics, we find that misinformation is less likely to initiate a diffusion process on Twitter since the inception of the policy. Moreover, tweets that include a link to misinformation articles are less likely to receive retweets, quotes, or replies. Furthermore, we find that the observed reduction is primarily driven by a decline in diffusion activities by human-like accounts rather than bot-like accounts. Our findings suggest that a misinformation policy that nudges platform users to a credible information source can help effectively curb misinformation diffusion. This approach may serve as a model for other platforms grappling with the challenge of misinformation in the digital age.
随着人们越来越依赖社交媒体来获取医疗保健信息,有关医疗保健的神话、谣言和虚假信息等错误信息正对公众健康构成严重威胁。本文通过研究 Twitter 实施的独特对策,探讨了解决此类信息疫情的潜在良方。推特并没有采取直接的审查制度,而是采取了一种更加细致入微的方法:每当用户寻找易受不实信息影响的话题时,该平台都会引导用户转向信誉良好的消息来源。通过分析含有健康话题误导信息的新闻文章的传播情况,我们发现,自该政策实施以来,误导信息在 Twitter 上启动传播过程的可能性降低了。此外,包含错误信息文章链接的推文也不太可能获得转发、引用或回复。此外,我们还发现,所观察到的减少主要是由于类人账户而非机器人账户的传播活动减少所致。我们的研究结果表明,引导平台用户转向可信信息源的错误信息政策有助于有效遏制错误信息的扩散。这种方法可以作为其他平台应对数字时代错误信息挑战的一种模式。
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引用次数: 0
Regulating Powerful Platforms: Evidence from Commission Fee Caps 监管强大的平台:佣金上限的证据
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-02-28 DOI: 10.1287/isre.2022.0191
Zhuoxin Li, Gang Wang
Digital platforms have become increasingly dominant in many industries, bringing the concerns of adverse economic and societal effects (e.g., monopolies and social inequality). Regulators are actively seeking diverse strategies to regulate these powerful platforms. However, the lack of empirical studies hinders the progress toward evidence-based policymaking. This research investigates the regulatory landscape in the context of on-demand delivery, where high commission fees charged by the platforms significantly impact small businesses. Recent regulatory scrutiny has started to cap the commission fees for independent restaurants. We empirically evaluate the effectiveness of platform fee regulation by utilizing regulations across 14 cities and states in the United States. Our analyses unveil an unintended consequence: independent restaurants, the intended beneficiaries of the regulation, experience a decline in orders and revenue, whereas chain restaurants gain an advantage. We show that the platforms’ discriminative responses to the regulation, such as prioritizing chain restaurants in customer recommendations and increasing delivery fees for consumers, may explain the negative effects on independent restaurants. These dynamics underscore the complexity of regulating powerful platforms and the urgency of devising nuanced policies that effectively support small businesses without triggering unintended detrimental effects.
数字平台在许多行业日益占据主导地位,带来了不利的经济和社会影响(如垄断和社会不平等)。监管机构正在积极寻求各种策略来监管这些强大的平台。然而,实证研究的缺乏阻碍了循证决策的进展。本研究调查了按需交付背景下的监管情况,按需交付平台收取的高额佣金对小企业产生了重大影响。最近的监管审查开始对独立餐馆的佣金费用设置上限。我们利用美国 14 个城市和州的法规,对平台费用监管的有效性进行了实证评估。我们的分析揭示了一个意想不到的后果:作为监管的预期受益者,独立餐厅的订单和收入出现下降,而连锁餐厅却获得了优势。我们表明,平台对该法规的歧视性反应,如在客户推荐中优先考虑连锁餐厅、增加消费者的外送费用等,可能是独立餐厅受到负面影响的原因。这些动态凸显了监管强大平台的复杂性,以及制定既能有效支持小企业又不会引发意外不利影响的细致政策的紧迫性。
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引用次数: 0
Strategic Expectation Setting of Delivery Time on Marketplaces 市场上对交货时间的战略预期设定
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-02-23 DOI: 10.1287/isre.2021.0497
Si Xie, Siddhartha Sharma, Amit Mehra, Arslan Aziz
Delivery speed is an essential component of the service provided by online delivery platforms. Because improving actual delivery speed is expensive, platforms can instead create a perception of faster delivery by showing a conservative estimate of the delivery duration when a customer places an order. We use detailed transaction-level data from a major food delivery marketplace to examine the effects of setting conservative delivery speed expectations on customers’ likelihood of future purchases and restaurant choices. When delivery is faster than expected, we find that customers are more likely to purchase again from the platform and the same (focal) restaurant they ordered from. However, we find no significant effect on future purchases from other (nonfocal) restaurants. This is possibly because of a spillover effect, as customers may switch to other restaurants. Our findings thus highlight the effect of setting conservative expected delivery times in a platform setting. Finally, we investigate the trade-off between current and future demand because of setting of a conservative estimated delivery time and show that the gain in future demand is greater than the loss in current demand, establishing the efficacy of our suggested strategy.
送货速度是在线送货平台服务的重要组成部分。由于提高实际送达速度的成本很高,因此平台可以在客户下单时显示保守的送达时间估计,从而让客户感觉送达速度更快。我们利用一家大型食品外卖市场的详细交易数据,研究了设定保守的送餐速度预期对客户未来购买的可能性和餐厅选择的影响。我们发现,当配送速度快于预期时,顾客更有可能再次从该平台和他们订购的同一家(重点)餐厅购买。但是,我们发现这对今后在其他(非重点)餐厅的消费没有明显影响。这可能是因为溢出效应,因为顾客可能会转向其他餐厅。因此,我们的研究结果凸显了在平台环境中设置保守的预期配送时间的效果。最后,我们研究了由于设置了保守的预计送餐时间而导致的当前和未来需求之间的权衡,结果表明未来需求的收益大于当前需求的损失,从而确定了我们建议的策略的有效性。
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引用次数: 0
The Impact of Process- vs. Outcome-Oriented Reviews on the Sales of Healthcare Services 以过程和结果为导向的评审对医疗服务销售的影响
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-02-22 DOI: 10.1287/isre.2019.0168
Hongfei Li, Jing Peng, Gang Wang, Xue Bai
With the rise of digital health platforms, consumers increasingly rely on online reviews when choosing healthcare services. Understanding how these reviews shape consumer decisions is crucial for both platforms and healthcare providers. To explore this, we analyzed a comprehensive data set from a leading online cosmetic surgery platform to understand how process-oriented (focusing on the recovery experience) and outcome-oriented (focusing on the end results) reviews influence the demand for healthcare services. Our findings reveal a striking disparity in the effectiveness of these two types of reviews. Generally, outcome-oriented reviews exhibit greater efficacy in boosting sales. However, the influence of each review type varies with the complexity and popularity of the services. Process-oriented reviews are more compelling for complex healthcare services, while outcome-oriented reviews prove more impactful for simpler, popular services. These insights underscore the need for tailored strategies in incentivizing and managing consumer reviews, vital for healthcare providers and digital health platforms. Furthermore, for policy makers, the study highlights the importance of regulating and guiding online review designs to ensure they accurately reflect the service process and outcome, aiding consumers in making informed decisions.
随着数字医疗平台的兴起,消费者在选择医疗服务时越来越依赖于在线评论。了解这些评论如何影响消费者的决策对平台和医疗服务提供商都至关重要。为了探讨这个问题,我们分析了一个领先的在线整容手术平台的综合数据集,以了解以过程为导向(关注恢复体验)和以结果为导向(关注最终效果)的评论如何影响医疗服务需求。我们的研究结果表明,这两类评论的效果存在显著差异。一般来说,以结果为导向的评论在促进销售方面表现出更大的功效。然而,每种评论类型的影响力因服务的复杂程度和受欢迎程度而异。以过程为导向的评论对复杂的医疗保健服务更有说服力,而以结果为导向的评论则对简单、受欢迎的服务更有影响力。这些见解突出表明,在激励和管理消费者评论方面需要有针对性的策略,这对医疗服务提供商和数字医疗平台至关重要。此外,对于政策制定者来说,这项研究强调了规范和指导在线评论设计的重要性,以确保它们准确反映服务过程和结果,帮助消费者做出明智的决定。
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引用次数: 0
Strategic Content Generation and Monetization in Financial Social Media 金融社交媒体中的战略性内容生成和货币化
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-02-20 DOI: 10.1287/isre.2022.0482
Ding Li, Khim-Yong Goh, Cheng-Suang Heng
Strategic Content Generation and Monetization in Financial Social MediaAbstractFinancial social media, which relies on social media analysts (SMAs) to contribute content to investors, is a crucial channel for investors to gain financial information and for SMAs to monetize their content. The interactive nature of financial social media has given SMAs the opportunity to gain access to the investor preferences of their own audience base for financial content. Our study documents that SMAs would exploit this opportunity to strategically generate and monetize content by catering to investor preferences. Specifically, SMAs would increase the (negative) sentiment of the content if paid subscribers’ preferences for (negative) sentiment grow. Additionally, an SMA is more likely to produce paid content when the expected free readership increases and is less likely to do so when the expected paid subscriptions increase. Our findings suggest that the sentiment of financial social media content is not a mere reflection or prediction of stock market movements but also a result of SMAs’ reaction to investor preferences. We thus illustrate an approach to identify the SMAs who may amplify the investors’ confirmation biases because of such catering behaviors so that platform managers and regulators alike can utilize this method to improve the content quality of financial social media.
金融社交媒体中的战略性内容生成和货币化摘要金融社交媒体依靠社交媒体分析师(SMA)为投资者提供内容,是投资者获取金融信息和 SMA 实现内容货币化的重要渠道。金融社交媒体的互动性使 SMA 有机会了解其受众群体中投资者对金融内容的偏好。我们的研究表明,SMA 将利用这一机会,通过迎合投资者的偏好,战略性地生成内容并实现内容货币化。具体来说,如果付费用户对(负面)情绪的偏好增加,SMA 就会增加内容的(负面)情绪。此外,当预期免费读者人数增加时,SMA 更有可能制作付费内容,而当预期付费订阅人数增加时,SMA 则不太可能制作付费内容。我们的研究结果表明,金融社交媒体内容的情绪不仅仅是对股市走势的反映或预测,也是 SMA 对投资者偏好做出反应的结果。因此,我们说明了一种方法,可以识别出因这种迎合行为而可能放大投资者确认偏差的 SMA,从而使平台管理者和监管者都能利用这种方法来提高金融社交媒体的内容质量。
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引用次数: 0
Mispricing and Algorithm Trading 错误定价与算法交易
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-02-19 DOI: 10.1287/isre.2021.0570
Lihong Zhang, Xiaoquan (Michael) Zhang
This study relaxes the efficient market hypothesis by introducing a model that accounts for initial mispricing and explores the effects of algorithmic trading. The research finds that algorithmic strategies can cause significant market volatility and affect financial stability, particularly when they amplify overpricing, leading to bubbles and crashes. Key insights include: Initial mispricing is crucial for algorithmic trading to impact market prices. Market reactions vary with the direction of the trading strategy relative to the asset’s true value. Informed traders can benefit from mispricing, whereas noise traders typically incur losses.Policy implications suggest that algorithmic trading is not universally harmful; its effects depend on the alignment of trading strategies with accurate pricing. The study advises regulators to differentiate between stabilizing and destabilizing trading practices. For traders, the research highlights the importance of adaptive strategies that help correct mispricing to ensure long-term profitability and market health. This research advances our understanding of algorithmic trading’s dual potential and informs the development of more nuanced financial regulations and trading strategies.
本研究放宽了有效市场假说,引入了一个考虑初始错误定价的模型,并探讨了算法交易的影响。研究发现,算法策略会导致市场大幅波动并影响金融稳定,尤其是当算法策略放大过度定价,导致泡沫和崩溃时。主要见解包括初始错误定价是算法交易影响市场价格的关键。相对于资产的真实价值,市场反应随交易策略的方向而变化。政策影响表明,算法交易并非普遍有害;其影响取决于交易策略与准确定价的一致性。研究建议监管机构区分稳定和不稳定的交易行为。对于交易者来说,研究强调了有助于纠正错误定价的适应性策略的重要性,以确保长期盈利能力和市场健康。这项研究加深了我们对算法交易双重潜力的理解,为制定更细致入微的金融监管和交易策略提供了参考。
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引用次数: 0
Making Lemonade from Lemons: A Transaction Cost Economics Perspective on Third-Party Disruptions in a Multivendor Information Technology Service 用柠檬做柠檬水:从交易成本经济学视角看多供应商信息技术服务中的第三方干扰问题
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-02-13 DOI: 10.1287/isre.2022.0033
Haoyuan Liu, Wen Wen, Anitesh Barua, Andrew B. Whinston
In modern enterprise computing environments, multiple information technology (IT) services from first and third parties are often integrated to form coherent solutions for enterprise customers. In this study, we seek to understand how uncertainties introduced by third-party services shape enterprise customers’ use of various IT services in these multivendor service settings. Specifically, we analyze a case of disruption caused by a third party that affects the multivendor service but does not directly affect the first-party services. We find a temporary increase in the use of first-party services that serve as similar-goal substitutes during the disruption; however, there is a net decline in the total use of services in the long run. To assess what actions the first party can take during such disruptions to turn the challenge into an opportunity, we analyze the first party’s technical support log using deep learning techniques. We find that if the first party offers high-quality technical support that addresses product-related issues, it may be able to make lemonade out of lemons. Such technical support effectively boosts customers’ use of first-party services in the long run. Curiously, however, similar efforts by the first party in the predisruption period are ineffective in achieving the same effect.
在现代企业计算环境中,来自第一方和第三方的多种信息技术(IT)服务经常被整合在一起,为企业客户提供一致的解决方案。在本研究中,我们试图了解第三方服务带来的不确定性如何影响企业客户在这些多供应商服务环境中对各种 IT 服务的使用。具体来说,我们分析了一个由第三方造成的中断案例,该中断影响了多供应商服务,但并不直接影响第一方服务。我们发现,在中断期间,作为类似目标替代品的第一方服务的使用量会暂时增加;但从长远来看,服务的总使用量会出现净下降。为了评估第一方在这种中断期间可以采取哪些行动将挑战转化为机遇,我们使用深度学习技术分析了第一方的技术支持日志。我们发现,如果第一方能提供高质量的技术支持,解决与产品相关的问题,那么它就有可能把柠檬做成柠檬汁。从长远来看,这种技术支持能有效提高客户对第一方服务的使用率。但奇怪的是,第一方在中断前的类似努力并不能达到同样的效果。
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引用次数: 0
A Smart Ad Display System 智能广告展示系统
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-02-09 DOI: 10.1287/isre.2020.0128
Li Xiao, D. J. Wu, Min Ding
This paper proposes a smart ad display system to provide personalized delivery of video ads. The proposed system records consumers’ facial expression and eye gaze stream data as they watch an ad and analyzes data at the frame level. The recognized facial expression and detected eye gaze are matched to the corresponding frame of the video ad, thereby linking facial expressions to specific visual objects appearing in the ad. By tracking a consumer’s facial expressions in response to various visual objects in real time, the system learns the consumer’s individual preferences toward different ads, searches the ad pool, and selects and subsequently displays a new ad that is most likely to elicit positive attitudinal and behavioral responses. We demonstrate the feasibility and effectiveness of the proposed system with two empirical studies. The results show that by tracking a consumer’s facial responses to only one ad or even part of an ad, our proposed system is able to make reasonably accurate inferences about a consumer’s ad preferences, with or without using information about other consumers. These inferences are used to make personalized recommendations that help enhance consumers’ ad viewing experiences and elicit favorable responses.
本文提出了一种智能广告显示系统,用于提供个性化的视频广告投放。该系统记录消费者观看广告时的面部表情和目光流数据,并对数据进行帧级分析。识别出的面部表情和检测到的眼睛注视与视频广告的相应帧相匹配,从而将面部表情与广告中出现的特定视觉对象联系起来。通过实时跟踪消费者对各种视觉对象的面部表情,系统可以了解消费者对不同广告的个人偏好,搜索广告库,选择并随后显示最有可能引起积极态度和行为反应的新广告。我们通过两项实证研究证明了拟议系统的可行性和有效性。结果表明,无论是否使用其他消费者的信息,通过跟踪消费者对一个广告甚至是部分广告的面部反应,我们提出的系统都能对消费者的广告偏好做出相当准确的推断。这些推断可用于提供个性化建议,帮助提升消费者的广告观看体验,并引起消费者的好评。
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引用次数: 0
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Information Systems Research
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