Abstract
One highly studied topic in the field of social networks is the search for influential nodes, that when seeded (i.e. infected intentionally), may infect a large portion of the network through a viral process. However, when it comes to the spread of new products, such viral processes are rather rare. Social influence is indeed an important factor when it comes to the act of adopting a new product. However, this influence is usually latent and does not trigger the purchase action by itself, it therefore requires an additional sales effort. We propose a model and a method that better fit the product adoption scenario. Our method allocates the seeding efforts not only to precise nodes but also at precise points in time, such that the product adoption rate increases. By conducting a set of empirical simulations, we show that under realistic assumptions, our method improves the product adoption rate by 25%-50%.
Original language | English |
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Title of host publication | Proceedings of the 2016 IEEE/ACM International Conference on Advances in Social Networks Analysis and Mining, ASONAM 2016 |
Editors | Ravi Kumar, James Caverlee, Hanghang Tong |
Publisher | Institute of Electrical and Electronics Engineers Inc. |
Pages | 642-643 |
Number of pages | 2 |
ISBN (Electronic) | 9781509028467 |
DOIs | |
State | Published - 21 Nov 2016 |
Externally published | Yes |
Event | 2016 IEEE/ACM International Conference on Advances in Social Networks Analysis and Mining, ASONAM 2016 - San Francisco, United States Duration: 18 Aug 2016 → 21 Aug 2016 |
Publication series
Name | Proceedings of the 2016 IEEE/ACM International Conference on Advances in Social Networks Analysis and Mining, ASONAM 2016 |
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Conference
Conference | 2016 IEEE/ACM International Conference on Advances in Social Networks Analysis and Mining, ASONAM 2016 |
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Country/Territory | United States |
City | San Francisco |
Period | 18/08/16 → 21/08/16 |
Bibliographical note
Publisher Copyright:© 2016 IEEE.
Keywords
- Information Cascades
- Information Spread
- Scheduled Seeding
- Social Networks
- Viral Marketing