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Quarterly Journal of Economics Vol. 133 No. 2 2018

Recommender Systems as Mechanisms for Social Learning*

Yeon‐Koo Che1; Johannes Hörner2

1 Columbia University · 2 Yale University and Toulouse School of Economics

Abstract

This article studies how a recommender system may incentivize users to learn about a product collaboratively. To improve the incentives for early exploration, the optimal design trades off fully transparent disclosure by selectively overrecommending the product (or “spamming”) to a fraction of users. Under the optimal scheme, the designer spams very little on a product immediately after its release but gradually increases its frequency; she stops it altogether when she becomes sufficiently pessimistic about the product. The recommender’s product research and intrinsic/naive users “seed” incentives for user exploration and determine the speed and trajectory of social learning. Potential applications for various Internet recommendation platforms and implications for review/ratings inflation are discussed.

DOI
10.1093/qje/qjx044
Volume
133
Issue
2
Pages
871-925
Language
en
Sources
bibtex:phds-export.bib openalex crossref

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