New Journal of Physics · 2012 · 77 citations · 3 references
Social SciencesEconomicsMarketingAdvertisingAudience StudiesMedia StudiesAdvertising AudiencesAudience BehaviorEntertainment MediaMedia EconomicsSocial MediaWord-of-mouth MarketingAdvertising InteractionsAudience DynamicsHuman InteractionsRevenue Distribution ModelsSocial Network DynamicsStochastic Process AnalysisStochastic Process Simulation
A mathematical model for the 'hit' phenomenon in entertainment within a society is presented as a stochastic process of human dynamics interactions. The model uses only the advertisement budget time distribution as an input, and word-of-mouth (WOM), represented by posts on social network systems, is used as data to make a comparison with the calculated results. The unit of time is days. The WOM distribution in time is found to be very close to the revenue distribution in time. Calculations for the Japanese motion picture market based on the mathematical model agree well with the actual revenue distribution in time.
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Characterizing and Modeling the Dynamics of Online Popularity
Santo Fortunato, Alessandro Flammini, Filippo Menczer et al. · Physical Review Letters · 2010 · 256 citations · Full text