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Social Networks Under Stress

Published: 11 April 2016 Publication History

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 associated with a social network's structure and communicative properties. Here, we study how external events are associated with a network's change in structure and communications. 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 communication. 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.

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Published In

cover image ACM Other conferences
WWW '16: Proceedings of the 25th International Conference on World Wide Web
April 2016
1482 pages
ISBN:9781450341431

Sponsors

  • IW3C2: International World Wide Web Conference Committee

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International World Wide Web Conferences Steering Committee

Republic and Canton of Geneva, Switzerland

Publication History

Published: 11 April 2016

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Author Tags

  1. collective behavior
  2. organizations
  3. social networks
  4. temporal dynamics

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  • Research-article

Funding Sources

  • Defense Advanced Research Projects Agency
  • Simons Investigator Award
  • Google Research Grant
  • Facebook Faculty Research Grant
  • ARO MURI
  • U. S. Army Research Laboratory and the U. S. Army Research Office
  • NSF

Conference

WWW '16
Sponsor:
  • IW3C2
WWW '16: 25th International World Wide Web Conference
April 11 - 15, 2016
Québec, Montréal, Canada

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WWW '16 Paper Acceptance Rate 115 of 727 submissions, 16%;
Overall Acceptance Rate 1,899 of 8,196 submissions, 23%

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