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Word of Mouth Advertising, Credibility and Learning in Networks

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Date: 2010
By: Chatterjee, Kalyan (Department of Economics, The Pennsylvania State University)
Dutta, Bhaskar (Department of Economics, University of Warwick)
URL: http://d.repec.org/n?u=RePEc:wrk:warwec:941&r=soc
Social networks representing the pattern of social interactions – who talks to or who observes whom- play a crucial role as a medium for the spread of information, ideas, diseases, products. Someone in the population may struck with an infection or may adopt a new technology, and it can then either die out quickly or spread throughout the population, depending possibly on the location of the initial appearance, the structure of the network – for instance, how dense it is. The dynamics of adoption -the extent to which individuals are in uenced by their neighbours, the impact of “word of-mouth” communication- also plays a role in determining the speed of diffusion. Given the large range of contexts in which social learning is important, it is not surprising that researchers from various disciplines have studied processes of diffusion from a variety of perspectives.
This nep–soc issue is ©2010 by Fabio Sabatini. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, it must include this copyright notice. It may not be sold, or placed in something else for sale.
General information on the NEP project can be found at http://nep.repec.org/. For comments please write to the director of NEP, Marco Novarese at < director @ nep point repec point org >.

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