Social networks under stress

Daniel M. Romero, Brian Uzzi, Jon Kleinberg

Research output: Chapter in Book/Report/Conference proceedingConference contribution

22 Citations (Scopus)

Abstract

Social network research has begun to take advantage of fine-grained communications regarding coordination, decision-making, and knowledge sharing. These studies, however, have not generally analyzed how external events are asso-ciated with a social network's structure and communicative properties. Here, we study how external events are associ-ated with a network's change in structure and communica-tions. Analyzing a complete dataset of millions of instant messages among the decision-makers in a large hedge fund and their network of outside contacts, we investigate the link between price shocks, network structure, and change in the affect and cognition of decision-makers embedded in the network. When price shocks occur the communication network tends not to display structural changes associated with adaptiveness. Rather, the network \turtles up". It displays a propensity for higher clustering, strong tie inter-action, and an intensification of insider vs. outsider commu-nication. Further, we find changes in network structure pre-dict shifts in cognitive and affective processes, execution of new transactions, and local optimality of transactions better than prices, revealing the important predictive relationship between network structure and collective behavior within a social network.

Original languageEnglish (US)
Title of host publication25th International World Wide Web Conference, WWW 2016
PublisherInternational World Wide Web Conferences Steering Committee
Pages9-20
Number of pages12
ISBN (Electronic)9781450341431
DOIs
StatePublished - Jan 1 2016
Event25th International World Wide Web Conference, WWW 2016 - Montreal, Canada
Duration: Apr 11 2016Apr 15 2016

Other

Other25th International World Wide Web Conference, WWW 2016
CountryCanada
CityMontreal
Period4/11/164/15/16

Fingerprint

Telecommunication networks
Decision making
Communication

Keywords

  • Col-lective Behavior.
  • Organizations
  • Social Networks
  • Temporal Dynamics

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Software

Cite this

Romero, D. M., Uzzi, B., & Kleinberg, J. (2016). Social networks under stress. In 25th International World Wide Web Conference, WWW 2016 (pp. 9-20). International World Wide Web Conferences Steering Committee. https://doi.org/10.1145/2872427.2883063l
Romero, Daniel M. ; Uzzi, Brian ; Kleinberg, Jon. / Social networks under stress. 25th International World Wide Web Conference, WWW 2016. International World Wide Web Conferences Steering Committee, 2016. pp. 9-20
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Romero, DM, Uzzi, B & Kleinberg, J 2016, Social networks under stress. in 25th International World Wide Web Conference, WWW 2016. International World Wide Web Conferences Steering Committee, pp. 9-20, 25th International World Wide Web Conference, WWW 2016, Montreal, Canada, 4/11/16. https://doi.org/10.1145/2872427.2883063l

Social networks under stress. / Romero, Daniel M.; Uzzi, Brian; Kleinberg, Jon.

25th International World Wide Web Conference, WWW 2016. International World Wide Web Conferences Steering Committee, 2016. p. 9-20.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Romero DM, Uzzi B, Kleinberg J. Social networks under stress. In 25th International World Wide Web Conference, WWW 2016. International World Wide Web Conferences Steering Committee. 2016. p. 9-20 https://doi.org/10.1145/2872427.2883063l