We study peer influence in an online social network on a platform where consumers purchase music albums. They can follow their peers and become informed about their consumption choices. In particular, we are interested in how this affects consumers' exploration of new music that exhibits...

How does the increasing publicness of decisions (due, e.g., to social media) affect the total costs of social signaling distortions? While pervasive signaling may induce pervasive distortions, it may also permit people to signal while distorting each choice to a smaller degree. Ironically, for a...