October 28, 2010
Predicting Individual Behavior with Social NetworksResearch Colloquium Predicting Individual Behavior with Social Networks Daniel G. Goldstein, London Business School & Yahoo Research Wednesday, November 3, 2010 2:00 to 4:00 pm Babbio 104
Predicting behavior is a fundamental objective of the social sciences. With the recent availability of social network data, it has become possible to predict an individual's behavior based on the activities of his or her social contacts. To advance the predictive abilities and knowledge of the sciences, however, such predictions must improve upon existing baseline models. I employ an online network of over 100 million people to predict a diverse range of individual-level behaviors from patronizing an offline department store to joining a recreational league. In each instance, predictions of initial adoption were substantially improved by incorporating social data. I discuss factors that may govern the usefulness of social data for prediction, including whether initial or repeat behaviors are being predicted, and the nature of available predictors. For more information, please contact:
Sharen Glennon Associate Director, Marketing Babbio Center Room 4434 Phone: 201-216-5381 Fax: 201-216-5385 sglennon@stevens.edu
The Innovation University TM
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