Information technology amplifies irrational group behavior
Thursday, April 11, 2013 - 12:00
in Mathematics & Economics
Web tools and social media are our key sources of information when we make decisions as citizens and consumers. But these information technologies can mislead us by magnifying social processes that distort facts and make us act contrary to our own interests – such as buying property at wildly inflated prices because we are led to believe that everybody else is. New research from the University of Copenhagen, which has just been published in the journal Metaphilosophy, combines formal philosophy, social psychology, and decision theory to understand and tackle these phenomena.