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Easing global gridlock Global Investor, 02/2013 Credit Suisse

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Global Investor, 02/2013
Credit Suisse

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GLOBAL INVESTOR 2.13 — 51<br />

where we can, to some approximation,<br />

observe everything. And we can also track<br />

exactly where everything is at a given point.<br />

People who study diffusion are generally<br />

looking for a critical threshold where ideas<br />

go from not spreading to spreading like<br />

wildfire.<br />

And what have you found?<br />

Duncan Watts: Initially, we found that<br />

nothing really spreads like that. In a study of<br />

millions of observations, 99% of everything<br />

that happened, every “adoption” of an<br />

idea, was within one degree of the source.<br />

Which is almost the opposite of spreading.<br />

In other words, I tweet something and<br />

you re-tweet it. Your followers see your<br />

re-tweet, but they don’t do anything.<br />

It’s the re-tweet that we pay attention to.<br />

When we described this result to our<br />

colleagues, however, they often didn’t like it.<br />

Why?<br />

Duncan Watts: People are convinced<br />

that certain things “go viral,” and that’s what<br />

interests them. So they would say, “We<br />

know some things spread. Look at ‘Gangnam<br />

Style’ or the use of Hotmail or Facebook.<br />

Maybe you didn’t see anything<br />

spread, but you must only have looked at<br />

things that weren’t any good.” So then we<br />

did a second study where we really looked<br />

at everything on Twitter – a billion observations<br />

– for an entire year. And sure enough,<br />

we found that some things do spread<br />

quite a lot. But they are very rare, one in<br />

a million events. And even they don’t<br />

look like “social epidemics.”<br />

Why not? Surely “Gangnam Style”<br />

is a social epidemic?<br />

Duncan Watts: Epidemic models<br />

assume that ideas become popular by viral<br />

word of mouth. But in the media world,<br />

information can also spread because some<br />

major channel or site picks it up – it gets<br />

on the front page of Yahoo! or the “<strong>New</strong><br />

York Times” or whatever – and a million people<br />

or a hundred million people see it. And<br />

a bunch of them re-tweet it. That would still<br />

be popular, but we wouldn’t say it had<br />

spread virally. So when something becomes<br />

popular, is it a “broadcast” or is it “viral”?<br />

Intuitively, you might guess one or the<br />

other. But when we looked, we found tremendous<br />

diversity: some popular things<br />

are pure broadcasts, and some display<br />

pure viral spreading. We also found about<br />

every conceivable mixture of the two.<br />

There’s no typical way in which things<br />

become popular.<br />

“This is not<br />

about cat videos<br />

going viral –<br />

it’s about changing<br />

people’s<br />

minds, and their<br />

behavior.”<br />

Duncan Watts is a principal researcher at Microsoft<br />

Research NYC and an A. D. White Professor-at-Large<br />

at Cornell University. From 2000 to 2007, he was<br />

at Columbia University, then at Yahoo! Research.<br />

He is the author of “Everything is Obvious (Once You<br />

Know the Answer): How Common Sense Fails Us”<br />

(Crown, 2011).<br />

<br />

Duncan Watts: Unlike diseases, where<br />

in general you only have one thing spreading<br />

at a time, in ideas, it’s always a contest.<br />

Everything that’s spreading on ing<br />

for oxygen with everything else that’s<br />

spreading on Twitter. It’s hard to be exposed<br />

to one particular idea because there’s just<br />

so much other stuff to pay attention to.<br />

Occasionally something is able to rise above<br />

the noise, and everybody hears about it and<br />

pays attention to it. But that is extraordinarily<br />

rare and somewhat arbitrary. If you’re a<br />

social media strategist or a digital advertising<br />

agency, basing a marketing or other<br />

strategy on triggering a social epidemic is<br />

probably not the best use of your resources.<br />

You are also investigating the nature of<br />

cooperation between people. How is that<br />

related to the spread of ideas?<br />

Duncan Watts: The spread of information<br />

and the spread of cooperation are both<br />

examples of social influence, so they’re<br />

related, at least in principle. But it’s also important<br />

to understand that different types of<br />

influence are likely to spread in different<br />

ways. Me persuading you to change your<br />

political views is very different from me persuading<br />

you to click on a video.<br />

How so?<br />

Duncan Watts: People do not easily<br />

adopt ideas that involve changing their conception<br />

of themselves. Not accepting the<br />

idea of climate change might be tied up<br />

with your political ideology, your suspicion<br />

of government and your dislike of elite<br />

intellectual types. When is an idea something<br />

that you can adopt just because it’s<br />

obviously right or obviously interesting?<br />

And when is it something that is going<br />

<br />

it’s tied up with all these other things?<br />

What are the stakes?<br />

Duncan Watts: This is not about cat<br />

videos going viral, even if sometimes that’s<br />

what we study because it’s what we have<br />

the most data about. Really, it’s about<br />

changing people’s minds, and their behavior;<br />

and one way or another, everyone –<br />

governments, corporations, marketers, policymakers<br />

– is in the business of trying to<br />

change people’s minds. Understanding how<br />

that happens is one of the big questions<br />

of social science. It’s frustrating that we’ve<br />

been thinking about this for so long and<br />

have very little in the way of concrete answers.<br />

But maybe this particular period of

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