The moral embeddedness of cryptomarkets: text mining feedback on economic exchanges on the dark web

Reputation systems promote cooperation in large-scale online markets for illegal goods. These so-called cryptomarkets operate on the Dark Web, where legal, social, and moral trust-building mechanisms are difficult to establish. However, for the reputation mechanism to be effective in promoting cooperation, traders have to leave feedback after completed transactions in the form of ratings and short texts. Here we investigate the motivational landscape of the reputation systems of three large cryptomarkets. We employ manual and automatic text mining methods to code 2 million feedback texts for a range of motives for leaving feedback. We find that next to self-regarding motives and reciprocity, moral norms (i.e. unconditional considerations for others’ outcomes) drive traders’ voluntary supply of information to reputation systems. Our results show how psychological mechanisms interact with organizational features of markets to provide a collective good that promotes mutually beneficial economic exchange.

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Publication Details

Journal
Open Access CRIS of the University of Bern
Published
2024-12-01
DOI
https://doi.org/10.48620/92505
Primary Topic
Cybercrime and Law Enforcement Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

The moral embeddedness of cryptomarkets: text mining feedback on economic exchanges on the dark web

Ana Macanovic, Wojtek Przepiorka
Open Access CRIS of the University of Bern
Cybercrime and Law Enforcement Studies
article

The moral embeddedness of cryptomarkets: text mining feedback on economic exchanges on the dark web

Ana Macanovic, Wojtek Przepiorka
article en

Abstract

Reputation systems promote cooperation in large-scale online markets for illegal goods. These so-called cryptomarkets operate on the Dark Web, where legal, social, and moral trust-building mechanisms are difficult to establish. However, for the reputation mechanism to be effective in promoting cooperation, traders have to leave feedback after completed transactions in the form of ratings and short texts. Here we investigate the motivational landscape of the reputation systems of three large cryptomarkets. We employ manual and automatic text mining methods to code 2 million feedback texts for a range of motives for leaving feedback. We find that next to self-regarding motives and reciprocity, moral norms (i.e. unconditional considerations for others’ outcomes) drive traders’ voluntary supply of information to reputation systems. Our results show how psychological mechanisms interact with organizational features of markets to provide a collective good that promotes mutually beneficial economic exchange.

Open Access CRIS of the University of Bern
Institut für Nachhaltiges Management (DE)
Partnerships for the goals
Openalex Percentile: Top 29%
Cybercrime and Law Enforcement Studies
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