TY - GEN
T1 - The market for information
T2 - International Conference on Information Systems, ICIS 2013
AU - Jabr, Wael
AU - Rahman, Mohammad
N1 - Copyright:
Copyright 2014 Elsevier B.V., All rights reserved.
PY - 2013
Y1 - 2013
N2 - Online word-of-mouth information markets hosted by retailers like Amazon have matured and become well-accepted. A salient concern however is whether or not the current setup for delivering user reviews is efficient in helping prospective consumers find their product fit. A typical customer relies on the retailer to sift through the sheer amount of reviews and avoid information overload. In this study, we investigate the role of review featuring by the retailer and helpful voting by the crowd in facilitating efficient information consumption. We show that these tools are critical determinants in the success of this market. We find that the greater the divergence between the signals from crowd endorsed featured reviews and the crude review average, the greater is the deviation in consecutive reviews from the general review valence. Thus, this study serves as the first step in understanding the importance of such featured reviews which we label as "superstar" reviews.
AB - Online word-of-mouth information markets hosted by retailers like Amazon have matured and become well-accepted. A salient concern however is whether or not the current setup for delivering user reviews is efficient in helping prospective consumers find their product fit. A typical customer relies on the retailer to sift through the sheer amount of reviews and avoid information overload. In this study, we investigate the role of review featuring by the retailer and helpful voting by the crowd in facilitating efficient information consumption. We show that these tools are critical determinants in the success of this market. We find that the greater the divergence between the signals from crowd endorsed featured reviews and the crude review average, the greater is the deviation in consecutive reviews from the general review valence. Thus, this study serves as the first step in understanding the importance of such featured reviews which we label as "superstar" reviews.
UR - http://www.scopus.com/inward/record.url?scp=84897715800&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84897715800&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:84897715800
SN - 9781629934266
T3 - International Conference on Information Systems (ICIS 2013): Reshaping Society Through Information Systems Design
SP - 1315
EP - 1330
BT - International Conference on Information Systems (ICIS 2013)
Y2 - 15 December 2013 through 18 December 2013
ER -