By Jon Kleinberg, David Easley
Over the last decade there was a growing to be public fascination with the complicated connectedness of contemporary society. This connectedness is located in lots of incarnations: within the swift progress of the net, within the ease with which international verbal exchange occurs, and within the skill of stories and data in addition to epidemics and monetary crises to unfold with staggering velocity and depth.
These are phenomena that contain networks, incentives, and the mixture habit of teams of individuals; they're in accordance with the hyperlinks that attach us and the ways that our judgements may have sophisticated outcomes for others.
This introductory undergraduate textbook takes an interdisciplinary examine economics, sociology, computing and data technological know-how, and utilized arithmetic to appreciate networks and behaviour. It describes the rising box of analysis that's starting to be on the interface of those parts, addressing basic questions about how the social, monetary, and technological worlds are hooked up.
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Extra info for Networks, Crowds, and Markets: Reasoning About a Highly Connected World
Chapter 3 Strong and Weak Ties One of the powerful roles that networks play is to bridge the local and the global — to offer explanations for how simple processes at the level of individual nodes and links can have complex effects that ripple through a population as a whole. In this chapter, we consider some fundamental social network issues that illustrate this theme: how information flows through a social network, how different nodes can play structurally distinct roles in this process, and how these structural considerations shape the evolution of the network itself over time.
That so many letters reached their destination, and by 36 CHAPTER 2. 10: A histogram from Travers and Milgram’s paper on their small-world experiment . For each possible length (labeled “number of intermediaries” on the x-axis), the plot shows the number of successfully completed chains of that length. In total, 64 chains reached the target person, with a median length of six. such short paths, was a striking fact when it was first discovered, and it remains so today. Of course, it is worth noting a few caveats about the experiment.
Now, of course, this is a graph that we don’t actually have explicitly recorded anywhere, but it is one where we can use our general intuitions to answer some basic questions. First, is this global friendship network connected? Presumably not. After all, connectivity is a fairly brittle property, in that the behavior of a single node (or a small set of nodes) can negate it. For example, a single person with no living friends would constitute a one-node component in the global friendship network, and hence the graph would not be connected.
Networks, Crowds, and Markets: Reasoning About a Highly Connected World by Jon Kleinberg, David Easley