Social media advertising loads as prices

Last registered on August 29, 2024

Pre-Trial

Trial Information

General Information

Title
Social media advertising loads as prices
RCT ID
AEARCTR-0014227
Initial registration date
August 21, 2024

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
August 28, 2024, 3:00 PM EDT

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Last updated
August 29, 2024, 2:59 PM EDT

Last updated is the most recent time when changes to the trial's registration were published.

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Primary Investigator

Affiliation
Bocconi University

Other Primary Investigator(s)

PI Affiliation
Columbia University
PI Affiliation
Columbia University
PI Affiliation
University of Warwick

Additional Trial Information

Status
In development
Start date
2024-06-17
End date
2025-12-31
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
This study seeks to understand how social media companies use ad loads and ad targeting as prices.
External Link(s)

Registration Citation

Citation
Beknazar Yuzbashev, George et al. 2024. "Social media advertising loads as prices." AEA RCT Registry. August 29. https://doi.org/10.1257/rct.14227-2.0
Experimental Details

Interventions

Intervention(s)
See pre-analysis plan
Intervention Start Date
2024-08-22
Intervention End Date
2024-12-31

Primary Outcomes

Primary Outcomes (end points)
Time. The main outcome of interest is the amount of active time spent on Facebook and on two different types of content displayed on Facebook: ads and organic posts. Active time spent is calculated as described in Beknazar, Jiménez-Durán, McCrosky, and Stalinski (2022).
Another main outcome of interest is the time substitution to Twitter and Reddit, where we can also measure active time, as well as YouTube, where we only measure the approximate time the browser window was open.

Engagement with ads. Another main outcome of interest is the level of consumer engagement and activity of consumers with the ad content. Our main measure is an index (Kling, Liebman, and Katz, 2007) constructed with the number of impressions (views) and clicks (although we will also report the effect on each of these outcomes separately).

Valuation. Another main outcome of interest is the post-intervention vs. pre-intervention change in the (incentivized) Willingness-to-Accept (WTA) to deactivate social media for four weeks. We will elicit the WTA in the baseline survey and in the endline survey.

Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Besides these websites, a secondary outcome of interest is the time spent on other social media platforms as in Beknazar, Jiménez-Durán, McCrosky, and Stalinski (2022). Moreover, we consider the substitution in terms of time spent on the top-10 websites visited by each participant during baseline.

We will also report as a secondary outcome of interest the time spent on the advertiser’s website (capped at 5 minutes for each visit), and “bounce backs” (returns in 30 seconds or less) to Facebook.
Besides this, another secondary outcome of interest is user reactions to ads (i.e., likes/shares), in the treatment arms where we can collect these.


As a secondary outcome of interest, we will elicit the WTP to keep the browser extension installed for four more weeks. We will elicit it using a take-it-or-leave-it approach, randomly varying the amount that we offer to participants.

Other secondary outcomes of interest are the amount of content consumed and produced, and the toxicity of content produced. Besides these outcomes, we will report auxiliary outcomes to understand Facebook’s response to the intervention and to rule out potential confounders. For example, we will compute the ad load “offered” (before hiding) to participants and a measure of how targeted the ads offered are. We also have access to participants’ Twitter handles (collected using the browser extension) and will compute, using the API, the number of posts they produce and people they follow, to measure substitution patterns more precisely. Along these lines, we will measure the change in the percent of social media use on browser vs mobile, which we will elicit in the baseline and endline surveys. We will measure time spent on mobile using screenshots from users’ phones. We will also ask for screenshots of targeting data on Facebook.

PE Outcomes. We will also have a set of secondary outcomes related to political economics. First, we will elicit the propensity to share fake news during the intake and endline surveys. We will also extract urls to websites shared and observed by the participants to examine their interaction with non-fake-news websites (we will use the list of news websites from Gregory Martin, Andrey Simonov, and Shoshana Vasserman. “Beyond the Paywall: Measuring Supply and Demand for Online News in a Rapidly Changing News Environment”, work in progress) as well as fake-news websites (we will use the list from Melnikov, 2021 and Lasser and Rupp, 2022) and the propensity to share political information. Lastly, using the available information about our participants we will match them to voter records to obtain a measure of turnout.
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
See PAP for more details
Experimental Design Details
Not available
Randomization Method
Computer randomization
We are stratifying/blocking randomization by day of recruitment
Randomization Unit
Individual level
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
We anticipate recruiting approximately 1,500 participants using Facebook ads. The ad campaigns are selected to optimize conversions, which we measure as participants finishing the intake survey that opens after installing our browser extension. We are targeting desktop ads to US-based adults with UK or US English language who use Chrome to access Facebook and exclude those who use Firefox, Safari, or Edge to access Facebook. At the start of recruitment, the extension does not work for Edge, but we are planning to extend support to that browser, at which point we will remove Edge from the exclusion criteria.


We exclude from the sample those participants who:
Do not have English set as their interface language on Facebook;
Are not using Chrome or Edge (the latter – if we manage to support it);
Appear to be using bots or create multiple accounts in order to game the system and get more rewards than one per individual (for example, during piloting, we noticed a single individual with browser language set to “zh-CN” who has managed multiple consecutive installations and survey completions from different IP addresses).
Uninstall the extension upon installing it, before the treatment period begins.
Do not use their Facebook account for at least 1 minute per week during the baseline period.

At the time of pre-registration we are planning to apply for different grants requesting additional funding. If the grants get approved, we will expand our sample size by approximately 600 more participants (this number depends on the price of recruitment ads on Facebook, which are hard to predict in an election cycle).
Sample size: planned number of observations
Same as clusters.
Sample size (or number of clusters) by treatment arms
Observations equally split across all four treatment arms
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
We conducted a power analysis using pilot data (from 31 users in the quantity reduction condition, 28 users in the replacement control condition, 31 in the targeting reduction condition, and 120 in the pure control condition). This intervention lasted for 13 days and had a baseline of 14 days. We conducted 100 simulations at different sample sizes of our main empirical specification (diff-in-diff) and a more conservative specification that relies only on difference in means (cross-sectional specification). We did this for both the quantity reduction and the targeting reduction interventions. Based on these simulations, we require a sample of at least 1,200 participants to have 80% power with conventional size. For this reason, we pre-register a sample of around 1,500 participants. Note also that we expect the effect sizes to be larger during the main intervention, which will last longer than the pilot intervention. However, the smallest effect size of the cross-sectional difference in means is 0.11 SD, which would require a sample size of 2,500 in a design with two treatment arms. Even if the difference in means is not our main specification, we will attempt to expand our number of observations, which will be contingent on having a grant approved. See PAP for more details
IRB

Institutional Review Boards (IRBs)

IRB Name
Columbia University IRB
IRB Approval Date
2014-03-13
IRB Approval Number
IRB-AAAU8500
Analysis Plan

Analysis Plan Documents

Ad Loads - PAP.pdf

MD5: 1fc597e6aa794683e26bc3e33bbcb52f

SHA1: e7f912ff49d33a813f0bce7f1dbe6e0a5e58a076

Uploaded At: August 21, 2024