Fake News in Social Networks
39 Pages Posted: 27 Jul 2022 Last revised: 4 Nov 2022
Christoph Aymanns
London School of Economics; University of St. Gallen - School of Finance
Jakob Foerster
University of Oxford
Co-Pierre Georg
Frankfurt School of Finance & Management
Matthias Weber
University of St. Gallen - School of Finance; Swiss Finance Institute
Date Written: July 22, 2022
Abstract
We propose multi-agent reinforcement learning as a new method for modeling fake news in social networks. This method allows us to model human behavior in social networks both in unaccustomed populations and in populations that have adapted to the presence of fake news. In particular the latter is challenging for existing methods. We find that a fake-news attack is more effective if it targets highly connected people and people with weaker private information. Attacks are more effective when the disinformation is spread across several agents than when the disinformation is concentrated with more intensity on fewer agents. Furthermore, fake news spread less well in balanced networks than in clustered networks. We test a part of these findings in a human-subject experiment. The experimental evidence provides support for the predictions from the model. This suggests that our model is suitable to analyze the spread of fake news in social networks.
Suggested Citation: Suggested Citation
Christoph Aymanns
London School of Economics ( email )
United Kingdom
Jakob Foerster
University of Oxford ( email )
Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom
Co-Pierre Georg
Frankfurt School of Finance & Management ( email )
Adickesallee 32-34
Frankfurt am Main, 60322
Germany
Matthias Weber (Contact Author)
University of St. Gallen - School of Finance ( email )
Unterer Graben 21
St.Gallen, CH-9000
Switzerland
Swiss Finance Institute ( email )
c/o University of Geneva
40, Bd du Pont-d'Arve
CH-1211 Geneva 4
Switzerland
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