Information Transmission in a Social Network: A Field Experiment

Using an app for smartphones, we run an experiment among high-school students to study the pattern of aggregation of sparsely distributed information. Agents are randomly arranged in small networks and can share only non-verifiable pieces of information. Results show that while information exchange is high, the level and the distribution of centralities among network members are important to shape the overall level of information aggregation. A reduction in the asymmetry among agents' network centralities is associated with an improvement in the performance of the group in terms of aggregation of information.