The Few-Get-Richer: A Surprising Consequence of Popularity-Based Rankings

• Authors: Vicenç Gómez, Gaël Le Mens and Fabrizio Germano.
• BSE Working Paper: 110546 | March 19
• Keywords: experiment , ranking algorithm , misinformation , fake news , search engine , Internet , few-get-richer
• JEL codes: D83
• experiment
• ranking algorithm
• misinformation
• fake news
• search engine
• Internet
• few-get-richer

Ranking algorithms play a crucial role in online platforms ranging from search engines to recommender systems. In this paper, we identify a surprising consequence of popularity-based rankings: the fewer the items reporting a given signal, the higher the share of the overall traffic they collectively attract. This few-get-richer effect emerges in settings where there are few distinct classes of items (e.g., left-leaning news sources versus right-leaning news sources), and items are ranked based on their popularity. We demonstrate analytically that the few-get-richer effect emerges when people tend to click on top-ranked items and have heterogeneous preferences for the classes of items. Using simulations, we analyze how the strength of the effect changes with assumptions about the setting and human behavior. We also test our predictions experimentally in an online experiment with human participants. Our findings have important implications to understand the spread of misinformation.