Fortune Monitor or Fortune Teller: Understanding the Connection between Interaction Patterns and Financial Status
Name
socialcom11_spending.pdf
Description
Accepted version
Size
247.73 KB
Format
Unknown
Checksum (MD5)
254cf41e5cbef99914480688ba07dacc
Author(s)
Pan, Wei
Aharony, Nadav
Pentland, Alexander (Sandy)
Date Issued
October 2011
Publisher
IEEE
Citation
2011. "Fortune Monitor or Fortune Teller: Understanding the Connection between Interaction Patterns and Financial Status."
Version
Author's final manuscript
Abstract
We have deployed mobile phones to more than 100 participants in a community split into two phases. In this paper, we use this unique dataset to study the correlation between users'call and Bluetooth face-to-face interaction patterns, and their financial status. We show that such correlation exists on an individual level. We find that the interaction diversity measure correlates more strongly with individual's financial status compared with other social behavior measures such as the number of contacts and length of interactions, and it is much less sensitive to personality variance. We also discuss in this paper the long-lasting sociological theory that a diverse relationship leads to a more successful financial status. Our evidence tends to support a behavioral and psychological oriented theory opposite to the prevailing arguments: Social diversity exhibited by our participants are influenced by their income as well. © 2011 IEEE.
MIT Department
Massachusetts Institute of Technology. Media Laboratory
Terms of Use
Creative Commons Attribution-Noncommercial-Share Alike
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1109/passat/socialcom.2011.163
