Network Formation as a Choice Process

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (124 download)

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Book Synopsis Network Formation as a Choice Process by : Jan Surya Overgoor

Download or read book Network Formation as a Choice Process written by Jan Surya Overgoor and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding why networks form and evolve the way they do is a core goal of many scientific disciplines ranging from the social to the physical sciences. Across these disciplines, many kinds of formation models have been employed, several of which can be subsumed under a choice framework, using conditional logit models from discrete choice and random utility theory. Each new edge is viewed as a ``choice'' made by a node to connect to another node, based on (generic) features of the other nodes available to make a connection. This perspective on network formation unifies existing models such as preferential attachment, triadic closure, and node fitness, which are all special cases, and thereby provides a flexible means for conceptualizing, estimating, and comparing models. The lens of discrete choice theory also provides several new tools for analyzing sUnderstanding why networks form and evolve the way they do is a core goal of many scientific disciplines ranging from the social to the physical sciences. Across these disciplines, many kinds of formation models have been employed, several of which can be subsumed under a choice framework, using conditional logit models from discrete choice and random utility theory. Each new edge is viewed as a ``choice'' made by a node to connect to another node, based on (generic) features of the other nodes available to make a connection. This perspective on network formation unifies existing models such as preferential attachment, triadic closure, and node fitness, which are all special cases, and thereby provides a flexible means for conceptualizing, estimating, and comparing models. The lens of discrete choice theory also provides several new tools for analyzing social network formation. In large network data logit models run into practical and conceptual issues, since large numbers of alternatives make direct inference intractable and the assumptions underlying the logit model cease to be realistic in large graphs. Importance sampling of non-chosen alternatives reduces the data size significantly, while, under the right conditions, preserving consistency of the estimates. A model simplification technique called ``de-mixing'', whereby mixture models are reformulated to operate over disjoint choice sets, reduces mixed logit models to conditional logit models. This opens the door to the other approaches to scalability and provides a new analytical toolkit to understand the underlying processes. The flexibility of the logit framework is illustrated with examples that analyze several synthetic and real-world datasets, including data from Flickr, Venmo and a large citation graph. The logit model provides a rigorous method for estimating preferential attachment models and can separate the effects of preferential attachment and triadic closure. A more substantial application is the identification of the persistent and changing parts of the networking strategies of U.S. college students as they go through their college years. This analysis is done using a rich and large data set of digital social network data from the Facebook platform.ocial network formation. In large network data logit models run into practical and conceptual issues, since large numbers of alternatives makes direct inference intractable and the assumptions underlying the logit model cease to be realistic in large graphs. Importance sampling of non-chosen alternatives reduces the data size significantly, while, under the right conditions, preserving consistency of the estimates. A model simplification technique called ``de-mixing'', whereby mixture models are reformulated to operate over disjoint choice sets, reduces mixed logit models to conditional logit models. This opens the door to the other approaches to scalability and provides a new analytical toolkit to understand the underlying processes. The flexibility of the logit framework is illustrated with examples that analyze several synthetic and real-world datasets, including data from Flickr, Venmo and a large citation graph. The logit model provides a rigorous method for estimating preferential attachment models and can separate the effects of preferential attachment and triadic closure. A more substantial application is the identification of the persistent and changing parts of the networking strategies of U.S. college students as they go through their college years. This analysis is done using a rich and large data set of digital social network data from the Facebook platform.

The Econometric Analysis of Network Data

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Publisher : Academic Press
ISBN 13 : 0128117710
Total Pages : 244 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis The Econometric Analysis of Network Data by : Bryan Graham

Download or read book The Econometric Analysis of Network Data written by Bryan Graham and published by Academic Press. This book was released on 2020-06-03 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Econometric Analysis of Network Data serves as an entry point for advanced students, researchers, and data scientists seeking to perform effective analyses of networks, especially inference problems. It introduces the key results and ideas in an accessible, yet rigorous way. While a multi-contributor reference, the work is tightly focused and disciplined, providing latitude for varied specialties in one authorial voice. Answers both 'why' and 'how' questions in network analysis, bridging the gap between practice and theory allowing for the easier entry of novices into complex technical literature and computation Fully describes multiple worked examples from the literature and beyond, allowing empirical researchers and data scientists to quickly access the 'state of the art' versioned for their domain environment, saving them time and money Disciplined structure provides latitude for multiple sources of expertise while retaining an integrated and pedagogically focused authorial voice, ensuring smooth transition and easy progression for readers Fully supported by companion site code repository 40+ diagrams of 'networks in the wild' help visually summarize key points

The Oxford Handbook of the Economics of Networks

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Publisher : Oxford University Press
ISBN 13 : 0190216832
Total Pages : 857 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis The Oxford Handbook of the Economics of Networks by : Yann Bramoullé

Download or read book The Oxford Handbook of the Economics of Networks written by Yann Bramoullé and published by Oxford University Press. This book was released on 2016-03-01 with total page 857 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of the Economics of Networks represents the frontier of research into how and why networks they form, how they influence behavior, how they help govern outcomes in an interactive world, and how they shape collective decision making, opinion formation, and diffusion dynamics. From a methodological perspective, the contributors to this volume devote attention to theory, field experiments, laboratory experiments, and econometrics. Theoretical work in network formation, games played on networks, repeated games, and the interaction between linking and behavior is synthesized. A number of chapters are devoted to studying social process mediated by networks. Topics here include opinion formation, diffusion of information and disease, and learning. There are also chapters devoted to financial contagion and systemic risk, motivated in part by the recent financial crises. Another section discusses communities, with applications including social trust, favor exchange, and social collateral; the importance of communities for migration patterns; and the role that networks and communities play in the labor market. A prominent role of networks, from an economic perspective, is that they mediate trade. Several chapters cover bilateral trade in networks, strategic intermediation, and the role of networks in international trade. Contributions discuss as well the role of networks for organizations. On the one hand, one chapter discusses the role of networks for the performance of organizations, while two other chapters discuss managing networks of consumers and pricing in the presence of network-based spillovers. Finally, the authors discuss the internet as a network with attention to the issue of net neutrality.

Networks Formation to Assist Decision Making

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Networks Formation to Assist Decision Making by : David Goldbaum

Download or read book Networks Formation to Assist Decision Making written by David Goldbaum and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines network formation among a connected population with a preference for conformity and leadership. Agents build stable personal relationships to achieve coordinated actions. The network serves as a repository of collective experiences so that cooperation can emerge from simple, myopic, self-serving adaptation to recent events despite the competing impulses of conformity and leadership and despite limiting individuals to only local information. Computational analysis reveals how behavioral tendencies impact network formation and identifies locally stable disequilibrium structures.

Social Networks and Family Formation Processes

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Publisher : Springer Science & Business Media
ISBN 13 : 3531931733
Total Pages : 265 pages
Book Rating : 4.5/5 (319 download)

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Book Synopsis Social Networks and Family Formation Processes by : Sylvia Keim

Download or read book Social Networks and Family Formation Processes written by Sylvia Keim and published by Springer Science & Business Media. This book was released on 2011-06-24 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do young adults decide to become parents or to remain childless? Is this an individual choice, a couple’s decision or are there other social influences involved, such as social networks? Using a mixed-methods design, Sylvia Keim combines problem-centred interviews and network data collected among young adults in western Germany. The author shows that personal relations strongly influence the perceptions, attitudes, and plans individuals express concerning parenthood. She identifies basic mechanisms and channels of social influence as well as relevant network structures. This book is valuable reading for academics, students, and policy makers interested in family research, the network perspective, and mixed-methods research.

Behavioral Effects in Individual Decesions of Network Formation

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (297 download)

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Book Synopsis Behavioral Effects in Individual Decesions of Network Formation by : Marjolein J.W. Harmsen-van Hout.

Download or read book Behavioral Effects in Individual Decesions of Network Formation written by Marjolein J.W. Harmsen-van Hout. and published by . This book was released on 2008 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Heuristic Decision Making in Network Linking

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ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Heuristic Decision Making in Network Linking by : Marjolein J. W. Harmsen - van Hout

Download or read book Heuristic Decision Making in Network Linking written by Marjolein J. W. Harmsen - van Hout and published by . This book was released on 2015 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Network formation among individuals constitutes an important part of many OR processes, but relatively little is known about how individuals make their linking decisions in networks. This article provides an investigation of heuristic effects in individual linking decisions for network formation in an incentivized lab-experimental setting. Our mixed logit analysis demonstrates that the inherent complexity of the network linking setting causes individuals' choices to be systematically less guided by payoff but more guided by simpler heuristic decision cues, and even stronger less motivated by the payoff for others. Furthermore, we show that the specific complexity factors value transferability and social tradeoff aggravate the former effect. These heuristic effects have important research and policy implications in areas that involve network formation.

Behavioral Effects in Individual Decisions of Network Formation

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ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Behavioral Effects in Individual Decisions of Network Formation by : Marjolein J. W. Harmsen - van Hout

Download or read book Behavioral Effects in Individual Decisions of Network Formation written by Marjolein J. W. Harmsen - van Hout and published by . This book was released on 2014 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Network formation constitutes an important part of many social and economic processes, but relatively little is known about how individuals make their linking decisions in networks. This article provides an experimental investigation of behavioral effects in individual decisions of network formation. Our findings demonstrate that the inherent complexity of the network setting makes individuals' choices systematically less payoff-guided and also strongly reduces their social orientation. Furthermore, we show that specific network complexity features aggravate the former effect. These behavioral effects have important implications for researchers and managers working in areas that involve network formation.

Networks, Crowds, and Markets

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Publisher : Cambridge University Press
ISBN 13 : 1139490303
Total Pages : 745 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Networks, Crowds, and Markets by : David Easley

Download or read book Networks, Crowds, and Markets written by David Easley and published by Cambridge University Press. This book was released on 2010-07-19 with total page 745 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are all film stars linked to Kevin Bacon? Why do the stock markets rise and fall sharply on the strength of a vague rumour? How does gossip spread so quickly? Are we all related through six degrees of separation? There is a growing awareness of the complex networks that pervade modern society. We see them in the rapid growth of the internet, the ease of global communication, the swift spread of news and information, and in the way epidemics and financial crises develop with startling speed and intensity. This introductory book on the new science of networks takes an interdisciplinary approach, using economics, sociology, computing, information science and applied mathematics to address fundamental questions about the links that connect us, and the ways that our decisions can have consequences for others.

Network Formation a Clear and Concise Reference

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Publisher : 5starcooks
ISBN 13 : 9780655300977
Total Pages : 124 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Network Formation a Clear and Concise Reference by : Gerardus Blokdyk

Download or read book Network Formation a Clear and Concise Reference written by Gerardus Blokdyk and published by 5starcooks. This book was released on 2018-05-27 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: What threat is Network formation addressing? Are there any specific expectations or concerns about the Network formation team, Network formation itself? What are your current levels and trends in key Network formation measures or indicators of product and process performance that are important to and directly serve your customers? How does the Network formation manager ensure against scope creep? What are the success criteria that will indicate that Network formation objectives have been met and the benefits delivered? This astounding Network formation self-assessment will make you the entrusted Network formation domain veteran by revealing just what you need to know to be fluent and ready for any Network formation challenge. How do I reduce the effort in the Network formation work to be done to get problems solved? How can I ensure that plans of action include every Network formation task and that every Network formation outcome is in place? How will I save time investigating strategic and tactical options and ensuring Network formation costs are low? How can I deliver tailored Network formation advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Network formation essentials are covered, from every angle: the Network formation self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Network formation outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Network formation practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Network formation are maximized with professional results. Your purchase includes access details to the Network formation self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book.

Analysis and Applications of Social Network Formation

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ISBN 13 :
Total Pages : 402 pages
Book Rating : 4.:/5 (659 download)

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Book Synopsis Analysis and Applications of Social Network Formation by :

Download or read book Analysis and Applications of Social Network Formation written by and published by . This book was released on 2009 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays people and organizations are more and more interconnected in the forms of social networks: the nodes are social entities and the links are various relationships among them. The social network theory and the methods of social network analysis (SNA) are being increasingly used to study such real-world networks in order to support knowledge management and decision making in organizations. However, most existing social network studies focus on the static topologies of networks. The dynamic network link formation process is largely ignored. This dissertation is devoted to study such dynamic network formation process to support knowledge management and decision making in networked environments. Three challenges remain to be addressed in modeling and analyzing the dynamic network link formation processes. The first challenge is about modeling the network topological changes using longitudinal network data. The second challenge is concerned with examining factors that influence formation of links among individuals in networks. The third challenge is regarding link prediction in evolving social networks. This dissertation presents four essays that address these challenges in various knowledge management domains. The first essay studies the topological changes of a major international terrorist network over a 14-year period. In addition, this paper used a simulation approach to examine this network's vulnerability to random failures, targeted attacks, and real world authorities' counterattacks. The second essay and third essay focuses on examining determinants that significantly influence the link formation processes in social networks. The second essay found that mutual acquaintance and vehicle affiliations facilitate future co-offending link formation in a real-world criminal network. The third essay found that homophily in programming language preference, and mutual are determinants for forming participation links in an online Open Source social network. The fourth essay focuses on the link prediction in evolving social networks. It proposes a novel infrastructure for describing and utilizing the discovered determinants of link formation process (i.e. semantics of social networks) in link prediction to support expert recommendation application in an Open Source developer community. It is found that the integrated mechanism outperforms either user-based or Top-N most recognized mechanism.

Fundamentals of Brain Network Analysis

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Publisher : Academic Press
ISBN 13 : 0124081185
Total Pages : 496 pages
Book Rating : 4.1/5 (24 download)

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Book Synopsis Fundamentals of Brain Network Analysis by : Alex Fornito

Download or read book Fundamentals of Brain Network Analysis written by Alex Fornito and published by Academic Press. This book was released on 2016-03-04 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fundamentals of Brain Network Analysis is a comprehensive and accessible introduction to methods for unraveling the extraordinary complexity of neuronal connectivity. From the perspective of graph theory and network science, this book introduces, motivates and explains techniques for modeling brain networks as graphs of nodes connected by edges, and covers a diverse array of measures for quantifying their topological and spatial organization. It builds intuition for key concepts and methods by illustrating how they can be practically applied in diverse areas of neuroscience, ranging from the analysis of synaptic networks in the nematode worm to the characterization of large-scale human brain networks constructed with magnetic resonance imaging. This text is ideally suited to neuroscientists wanting to develop expertise in the rapidly developing field of neural connectomics, and to physical and computational scientists wanting to understand how these quantitative methods can be used to understand brain organization. Winner of the 2017 PROSE Award in Biomedicine & Neuroscience and the 2017 British Medical Association (BMA) Award in Neurology Extensively illustrated throughout by graphical representations of key mathematical concepts and their practical applications to analyses of nervous systems Comprehensively covers graph theoretical analyses of structural and functional brain networks, from microscopic to macroscopic scales, using examples based on a wide variety of experimental methods in neuroscience Designed to inform and empower scientists at all levels of experience, and from any specialist background, wanting to use modern methods of network science to understand the organization of the brain

Essays on Econometric Identification of Network and Choice Models with Limited Consideration

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Publisher :
ISBN 13 :
Total Pages : 185 pages
Book Rating : 4.:/5 (124 download)

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Book Synopsis Essays on Econometric Identification of Network and Choice Models with Limited Consideration by : Matthew Kelly Thirkettle

Download or read book Essays on Econometric Identification of Network and Choice Models with Limited Consideration written by Matthew Kelly Thirkettle and published by . This book was released on 2020 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is comprised of two papers. In the first paper (Chapter \ref{ch2}), I obtain informative bounds on network statistics in a partially observed network whose formation I explicitly model. Partially observed networks are commonplace due to, for example, partial sampling or incomplete responses in surveys. Network statistics (e.g., centrality measures) are not point identified when the network is partially observed. Worst-case bounds on network statistics can be obtained by letting all missing links take values zero and one. I dramatically improve on the worst-case bounds by specifying a structural model for network formation. An important feature of the model is that I allow for positive externalities in the network-formation process. The network-formation model and network statistics are set identified due to multiplicity of equilibria. I provide a computationally tractable outer approximation of the joint identified region for preferences determining network-formation processes and network statistics. In a simulation study on Katz-Bonacich centrality, I find that worst-case bounds that do not use the network formation model are $44$ times wider than the bounds I obtain from my procedure. The second paper (Chapter \ref{ch3}) is concerned about learning decision makers' (DMs) preferences using data on observed choices from a finite set of risky alternatives with monetary outcomes. This chapter is coauthored with Levon Barseghyan and Francesca Molinari. We propose a discrete choice model with unobserved heterogeneity in consideration sets (the collection of alternatives considered by DMs) and unobserved heterogeneity in standard risk aversion. In this framework, stochastic choice is driven both by different rankings of alternatives induced by unobserved heterogeneity in risk preferences and by different sets of alternatives considered. We obtain sufficient conditions for semi-nonparametric point identification of both the distribution of unobserved heterogeneity in preferences and the distribution of consideration sets. Our method yields an estimator that is easy to compute and that can be used in markets with a large number of alternatives. We apply our method to a dataset on property insurance purchases. We find that although households are on average strongly risk averse, they consider lower coverages more frequently than higher coverages. Finally, we estimate the monetary losses associated with limited consideration in our application.

Connections

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Publisher : Princeton University Press
ISBN 13 : 140082916X
Total Pages : 303 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Connections by : Sanjeev Goyal

Download or read book Connections written by Sanjeev Goyal and published by Princeton University Press. This book was released on 2012-01-12 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Networks pervade social and economic life, and they play a prominent role in explaining a huge variety of social and economic phenomena. Standard economic theory did not give much credit to the role of networks until the early 1990s, but since then the study of the theory of networks has blossomed. At the heart of this research is the idea that the pattern of connections between individual rational agents shapes their actions and determines their rewards. The importance of connections has in turn motivated the study of the very processes by which networks are formed. In Connections, Sanjeev Goyal puts contemporary thinking about networks and economic activity into context. He develops a general framework within which this body of research can be located. In the first part of the book he demonstrates that location in a network has significant effects on individual rewards and that, given this, it is natural that individuals will seek to form connections to move the network in their favor. This idea motivates the second part of the book, which develops a general theory of network formation founded on individual incentives. Goyal assesses the robustness of current research findings and identifies the substantive open questions. Written in a style that combines simple examples with formal models and complete mathematical proofs, Connections is a concise and self-contained treatment of the economic theory of networks, one that should become the natural source of reference for graduate students in economics and related disciplines.

The Effect of Sequentiality and Heterogeneity in Network Formation Games

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Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Effect of Sequentiality and Heterogeneity in Network Formation Games by : Liza Charroin

Download or read book The Effect of Sequentiality and Heterogeneity in Network Formation Games written by Liza Charroin and published by . This book was released on 2016 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the benchmark model of Bala and Goyal (2000) on network formation, the equilibrium network is asymmetric and unfair as agents have different payoffs. While they are prominent in reality, asymmetric networks do not emerge in the lab mainly because of fairness concerns. We extend this model with a sequential linking decision process to ease coordination and with heterogeneous agents. Heterogeneity is introduced with the presence of a special agent who has either a higher monetary value or a different status. The equilibrium is asymmetric and unfair. Our experimental results show that thanks to sequentiality and fairness concerns, individuals coordinate on fair and efficient networks in homogeneous settings. Heterogeneity impacts the network formation process by increasing the asymmetry of networks but does not decrease the level of fairness nor efficiency.

A Dynamic Model of Network Formation with Strategic Interactions

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (53 download)

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Book Synopsis A Dynamic Model of Network Formation with Strategic Interactions by : Michael König

Download or read book A Dynamic Model of Network Formation with Strategic Interactions written by Michael König and published by . This book was released on 2009 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Social and Economic Networks

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Publisher : Princeton University Press
ISBN 13 : 140083399X
Total Pages : 519 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Social and Economic Networks by : Matthew O. Jackson

Download or read book Social and Economic Networks written by Matthew O. Jackson and published by Princeton University Press. This book was released on 2010-11-01 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: Networks of relationships help determine the careers that people choose, the jobs they obtain, the products they buy, and how they vote. The many aspects of our lives that are governed by social networks make it critical to understand how they impact behavior, which network structures are likely to emerge in a society, and why we organize ourselves as we do. In Social and Economic Networks, Matthew Jackson offers a comprehensive introduction to social and economic networks, drawing on the latest findings in economics, sociology, computer science, physics, and mathematics. He provides empirical background on networks and the regularities that they exhibit, and discusses random graph-based models and strategic models of network formation. He helps readers to understand behavior in networked societies, with a detailed analysis of learning and diffusion in networks, decision making by individuals who are influenced by their social neighbors, game theory and markets on networks, and a host of related subjects. Jackson also describes the varied statistical and modeling techniques used to analyze social networks. Each chapter includes exercises to aid students in their analysis of how networks function. This book is an indispensable resource for students and researchers in economics, mathematics, physics, sociology, and business.