Social Capital Reading Stack
Reading list on trust, reputation, social dynamics etc.
Thursday, November 18, 2004
 
Social Structure and Opinion Formation

by Fang Wu and Bernardo Huberman, HP Labs.

Abstract: We present a dynamical theory of opinion formation that takes explicitly into account the structure of the social network in which individuals are embedded. The theory predicts the evolution of a set of opinions through the social network and establishes the existence of a martingale property, i.e. that the expected weighted fraction of the population that holds a given opinion is constant in time. Most importantly, this weighted fraction is not either zero or one, but corresponds to a non-trivial distribution of opinions in the long time limit. This coexistence of opinions within a social network is in agreement with the often observed locality effect, in which an opinion or a fad is localized to given groups without infecting the whole society. We verified these predictions, as well as those concerning the fragility of opinions and the importance of highly connected individuals in opinion formation, by performing computer experiments on a number of social networks.
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