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Dynamical Signatures of Collective Quality Grading in a Social Activity: Attendance to Motion Pictures

Author

Listed:
  • Juan V. ESCOBAR

    (Universidad Autónoma Metropolitana-Iztapalapa and Universidad Nacional Autónoma de México)

  • Didier SORNETTE

    (ETH Zurich and Swiss Finance Institute)

Abstract

We investigate the laws governing people´s decisions and interactions by studying the collective dynamics of a well-documented social activity for which there exist ample records of the perceived quality: the attendance to movie theaters in the US. We picture the flows of attendance as impulses or "shocks" driven by external factors that in turn can create new cascades of attendances through direct recommendations whose effectiveness depends on the perceived quality of the movies. This corresponds to an epidemic branching model comprised of a decaying exponential function determining the time between cause and action, and a cascade of actions triggered by previous ones. We find that the vast majority of the ~3,500 movies studied fit our model remarkably well. From our results, we are able to translate a vague concept such as quality into a probability of emulation of this individual activity, and from it we build concrete quantitative predictions about the performance of a movie as a function of its perceived quality. Our analysis opens up the possibility of understanding other collective dynamics for which the perceived quality of the action is also known.

Suggested Citation

  • Juan V. ESCOBAR & Didier SORNETTE, 2014. "Dynamical Signatures of Collective Quality Grading in a Social Activity: Attendance to Motion Pictures," Swiss Finance Institute Research Paper Series 14-45, Swiss Finance Institute.
  • Handle: RePEc:chf:rpseri:rp1445
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    More about this item

    Keywords

    Complex Systems; Hawkes Process; Social Dynamics; Epidemic Branching Model; Perceived Quality; Movies;
    All these keywords.

    JEL classification:

    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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