May 2007 | Jure Leskovec, Lada A. Adamic, Bernardo A. Huberman
The paper "The Dynamics of Viral Marketing" by Jure Leskovec, Lada A. Adamic, and Bernardo A. Huberman analyzes a large-scale person-to-person recommendation network involving 4 million people and 16 million recommendations on half a million products. The authors observe the propagation of recommendations and the cascade sizes, explaining them with a simple stochastic model. They find that user behavior varies within communities defined by the recommendation network, and product purchases follow a 'long tail' distribution, with a significant share of purchases belonging to rarely sold items. The study also examines how the recommendation network grows over time and its effectiveness from the perspectives of both senders and receivers of recommendations. While recommendations are generally not very effective at inducing purchases or spreading far, the authors propose a model that identifies communities, product categories, and pricing strategies where viral marketing is particularly effective. The paper discusses the influence of social networks on purchasing decisions, the role of highly connected individuals, and the dynamics of recommendation cascades. It also explores the impact of external factors, such as referral websites, on recommendation patterns. The authors conclude with a model that relates product characteristics and the surrounding recommendation network to predict the success of product recommendations.The paper "The Dynamics of Viral Marketing" by Jure Leskovec, Lada A. Adamic, and Bernardo A. Huberman analyzes a large-scale person-to-person recommendation network involving 4 million people and 16 million recommendations on half a million products. The authors observe the propagation of recommendations and the cascade sizes, explaining them with a simple stochastic model. They find that user behavior varies within communities defined by the recommendation network, and product purchases follow a 'long tail' distribution, with a significant share of purchases belonging to rarely sold items. The study also examines how the recommendation network grows over time and its effectiveness from the perspectives of both senders and receivers of recommendations. While recommendations are generally not very effective at inducing purchases or spreading far, the authors propose a model that identifies communities, product categories, and pricing strategies where viral marketing is particularly effective. The paper discusses the influence of social networks on purchasing decisions, the role of highly connected individuals, and the dynamics of recommendation cascades. It also explores the impact of external factors, such as referral websites, on recommendation patterns. The authors conclude with a model that relates product characteristics and the surrounding recommendation network to predict the success of product recommendations.