The Emergence of Opinion Leaders in a Networked Online Community: A Dyadic Model with Time Dynamics and a Heuristic for Fast Estimation

Yingda Lu (), Kinshuk Jerath () and Param Vir Singh ()
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Yingda Lu: Lally School of Management and Technology, Rensselaer Polytechnic Institute, Troy, New York 12180
Kinshuk Jerath: David A. Tepper School of Business, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213
Param Vir Singh: David A. Tepper School of Business, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213

Management Science, 2013, vol. 59, issue 8, 1783-1799

Abstract: We study the drivers of the emergence of opinion leaders in a networked community where users establish links to others, indicating their “trust” for the link receiver's opinion. This leads to the formation of a network, with high in-degree individuals being the opinion leaders. We use a dyad-level proportional hazard model with time-varying covariates to model the growth of this network. To estimate our model, we use Weighted Exogenous Sampling with Bayesian Inference , a methodology that we develop for fast estimation of dyadic models on large network data sets. We find that, in the Epinions network, both the widely studied “preferential attachment” effect based on the existing number of inlinks (i.e., a network-based property of a node) and the number and quality of reviews written (i.e., an intrinsic property of a node) are significant drivers of new incoming trust links to a reviewer (i.e., inlinks to a node). Interestingly, we find that time is an important moderator of these effects---intrinsic node characteristics are a stronger short-term driver of additional inlinks, whereas the preferential attachment effect has a smaller impact but it persists for a longer time. Our novel insights have important managerial implications for the design of online review communities. This paper was accepted by Sandra Slaughter, information systems.

Keywords: user-generated content; opinion leaders; social networks; network growth; proportional hazard model; weighted exogenous sampling (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (30)

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