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	<title>The DoubleThink &#187; Stanford</title>
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	<link>http://thedoublethink.com</link>
	<description>The Art &#38; Science of the New Marketing</description>
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		<title>Do influencers really exist?</title>
		<link>http://thedoublethink.com/2009/08/do-influencers-really-exist/</link>
		<comments>http://thedoublethink.com/2009/08/do-influencers-really-exist/#comments</comments>
		<pubDate>Tue, 11 Aug 2009 22:41:50 +0000</pubDate>
		<dc:creator>Dimitri</dc:creator>
				<category><![CDATA[Analytics]]></category>
		<category><![CDATA[Insight]]></category>
		<category><![CDATA[data]]></category>
		<category><![CDATA[earls]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[herd]]></category>
		<category><![CDATA[inluentials]]></category>
		<category><![CDATA[networks]]></category>
		<category><![CDATA[social]]></category>
		<category><![CDATA[Stanford]]></category>
		<category><![CDATA[sun]]></category>

		<guid isPermaLink="false">http://thedoublethink.com/?p=705</guid>
		<description><![CDATA[
 
 
Marc Earls’ blog had a link to this interesting video last week.  Eric Sun from the department of Computer Science in Stanford talks about an analysis he did using data on 262,985 Facebook Pages and their associated fans.  He analyzed how information propagates through the Facebook network by looking at the popularity of fan pages.  [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><span style="font-size: small;"><a rel="attachment wp-att-707" href="http://thedoublethink.com/2009/08/do-influencers-really-exist/influentials081006_5601/"></a><a rel="attachment wp-att-707" href="http://thedoublethink.com/2009/08/do-influencers-really-exist/influentials081006_5601/"></a><a rel="attachment wp-att-707" href="http://thedoublethink.com/2009/08/do-influencers-really-exist/influentials081006_5601/"><img class="alignnone size-full wp-image-707" title="influentials081006_5601" src="http://thedoublethink.com/wp-content/uploads/2009/08/influentials081006_5601.jpg" alt="influentials081006_5601" width="301" height="309" /></a><a rel="attachment wp-att-706" href="http://thedoublethink.com/2009/08/do-influencers-really-exist/influentials081006_560/"></a></span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"> </p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"> </p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><span style="font-size: small;"><a href="http://herd.typepad.com/herd_the_hidden_truth_abo/2009/08/facebook-and-the-influentials-1.html" target="_blank">Marc Earls’ blog</a> had a link to this <a href="http://videolectures.net/icwsm09_sun_gmctfnf/" target="_blank">interesting video</a></span><span style="font-size: small;"><span style="mso-spacerun: yes"> </span>last week.<span style="mso-spacerun: yes">  </span>Eric Sun from the department of Computer Science in Stanford talks about an analysis he did using data on </span></span><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN" lang="EN"><span style="font-size: small;">262,985 Facebook Pages and their associated fans.<span style="mso-spacerun: yes">  </span>He analyzed how information propagates through the Facebook network by looking at the popularity of fan pages.<span style="mso-spacerun: yes">  </span></span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN" lang="EN"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN" lang="EN"><span style="font-size: small;">Sun wanted to test the hypothesis that the popularity of a page starts with a small number of important influencers who then influence their large networks.<span style="mso-spacerun: yes">  </span>He also tried to predict how influential a person is based on the number of friends they have, their activity levels and their demographics.</span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN" lang="EN"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="font-size: small;"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN" lang="EN">The conclusions were interesting :</span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><span style="font-size: small;">It is more important to find a large population on Facebook than it is to find a small number of influentials.<span style="mso-spacerun: yes">  </span>The Facebook network is very connected.<span style="mso-spacerun: yes">  </span>Because of this, ideas with good receptiveness will attract wide, long connected clusters.<span style="mso-spacerun: yes">  </span></span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><span style="font-size: small;">Even if we wanted to find influentials, this would be very hard.<span style="mso-spacerun: yes">  </span>Sun and his team did not manage to identify influentials based on activity levels, number of friends, Facebook age or demographics.<span style="mso-spacerun: yes">  </span>Anyone can be an influential &#8211; it is only related to exposure.<span style="mso-spacerun: yes">  </span></span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><span style="font-size: small;">If you are interested in the topic, the video is definitely worth 20 minutes of your time.<span style="mso-spacerun: yes">  </span></span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"><span style="font-size: small;">Also, the quants among you should check out other videos on the <a href="http://videolectures.net/" target="_blank">videolectures site</a>.<span style="mso-spacerun: yes">  </span>It’s a great resource if you want to brush up on your math skills.</span></span></p>
<p class="MsoNormal" style="MARGIN: 0in 0in 0pt"><span style="FONT-FAMILY: Arial; mso-bidi-font-family: 'Times New Roman'"></span> </p>
]]></content:encoded>
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		<item>
		<title>On the Death of Fads</title>
		<link>http://thedoublethink.com/2009/06/on-the-death-of-fads/</link>
		<comments>http://thedoublethink.com/2009/06/on-the-death-of-fads/#comments</comments>
		<pubDate>Fri, 12 Jun 2009 22:42:53 +0000</pubDate>
		<dc:creator>colin</dc:creator>
				<category><![CDATA[Insight]]></category>
		<category><![CDATA[Fads]]></category>
		<category><![CDATA[Gael Le Mens]]></category>
		<category><![CDATA[Jonah Berger]]></category>
		<category><![CDATA[Stanford]]></category>
		<category><![CDATA[Trends]]></category>
		<category><![CDATA[Viral Marketing]]></category>
		<category><![CDATA[Wharton]]></category>

		<guid isPermaLink="false">http://thedoublethink.com/?p=567</guid>
		<description><![CDATA[
In the last decade a lot of research has gone into how fads spread.  Terms like “viral marketing”, “influencers” and “seeding” have been coined to describe different theories on how to marketers can encourage the spread of trends.
 
Very little, however, has been written about how trends die.
 
Until now.  A recent paper by Jonah Berger of [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignnone size-full wp-image-566" title="baby-names-chart" src="http://thedoublethink.com/wp-content/uploads/2009/06/baby-names-chart.jpg" alt="baby-names-chart" width="266" height="203" /></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;">In the last decade a lot of research has gone into how fads spread.<span style="mso-spacerun: yes;">  </span>Terms like “viral marketing”, “influencers” and “seeding” have been coined to describe different theories on how to marketers can encourage the spread of trends.</span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;">Very little, however, has been written about how trends die.</span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;">Until now.<span style="mso-spacerun: yes;">  </span><a href="http://www.stanford.edu/~glemens/">A recent paper </a>by Jonah Berger of Wharton and Gael Le Mens of Stanford looks at how quickly trends die.<span style="mso-spacerun: yes;">  </span>Ingeniously, they’ve looked at over one hundred years of French and American census data to examine the rise and decline of popular baby names.<span style="mso-spacerun: yes;">  </span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;">The graph above illustrates this neatly.<span style="mso-spacerun: yes;">  </span>Charlene took decades to become popular and took decades to fade.<span style="mso-spacerun: yes;">  </span>Tricia climbed quickly and declined quickly</span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;">They found that names that become popular quickly also lose popularity quickly.<span style="mso-spacerun: yes;">  </span>This is because the very suddenness in popularity is perceived negatively.<span style="mso-spacerun: yes;">  </span>No one, it seems, wants a trendy baby name.<span style="mso-spacerun: yes;">  </span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;">A teacher friend of mine talks about the ‘strata’ of kids names in her school.<span style="mso-spacerun: yes;">  </span>Ten to five years ago biblical names, such as<span style="mso-spacerun: yes;">  </span>Zachary, Benjamin were the thing.<span style="mso-spacerun: yes;">  </span>(My kids, born in this era, conform to this rule, of course.)<span style="mso-spacerun: yes;">  </span>More recently, forties era names have been popular:<span style="mso-spacerun: yes;">  </span>Jackson, Ruby and so on.<span style="mso-spacerun: yes;">  </span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;">Most importantly for marketers, Berger and Le Mens proved that, “in contrast to conventional wisdom, identity-relevant cultural products which are adopted quickly tend to be less successful overall (i.e., reduced cumulative adoption)”.<span style="mso-spacerun: yes;">  </span>In other words, fads sell less overall.<span style="mso-spacerun: yes;">  </span></span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;"> </span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"><span style="font-size: small;">This is very important.<span style="mso-spacerun: yes;">  </span>It suggests that brand launches shouldn’t necessarily start with a bang.<span style="mso-spacerun: yes;">  </span>New products may have to feel that they’re going to be around for a long time to be attractive and your awareness of them may have to build much more slowly than we’d previously thought.<span style="mso-spacerun: yes;">  </span></span></span></p>
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