Information Cocoons on Social Media: Why and How Should the Government Regulate Algorithms
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ID: 282682
2024
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Abstract
Information cocoons are frequently cited in the literature on whether and how
social media might lead to ideological segregation and political polarization.
From the behavioural and communication perspectives, this paper first examines
why algorithm-based social media, as opposed to its traditional counterpart, is
more likely to produce information cocoons. We then explore populism and
short-termism in voting, bias and noise in decision-making, and prerequisite
capital for innovation, demonstrating the importance of information diversity
for a sustainable information environment. Finally, this study argues for
libertarian paternalism by evaluating the criteria and trade-offs involved in
regulating algorithms and proposes to employ nudges to address the core issues
while preserving freedom of choice.
| Reference Key |
yang2024information
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|---|---|
| Authors | Wen Yang |
| Journal | arXiv |
| Year | 2024 |
| DOI |
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