Connected Consumption: The hidden networks of consumption
Name
Lee-2009-Connected Consumption The hidden networks of consumption.pdf
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730.06 KB
Format
Adobe PDF
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Author(s)
Reed, David P.
Lippman, Andrew B.
Shen, Dawei
Lee, Kwan Hong
Schumacher, Hans D.
Date Issued
February 2009
Journal
6th IEEE Consumer Communications and Networking Conference, 2009. CCNC 2009
Publisher
Institute of Electrical and Electronics Engineers
Citation
Kwan Hong Lee et al. “Connected Consumption: The Hidden Networks of Consumption.” Consumer Communications and Networking Conference, 2009. CCNC 2009. 6th IEEE. 2009. 1-5. © 2009Institute of Electrical and Electronics Engineers.
Version
Final published version
Abstract
In this paper, we present the Connected Consumption Network (CCN) that allows a community of consumers to collaboratively sense the market from a mobile device, enabling more informed financial decisions in geo-local context. The mobile application allows one to log one's wish list and itemized list of transactions to form a social network around the list of interests. Individuals can share this data to inform and guide others in a timely, personal and contextual manner when they are shopping for a product or seeking a service. It can also help people connect opportunistically in a local area to make group purchases, to pick up an item for a friend, and to perform reverse auctions. We present the design, architecture and concept prototype. We simulate a social network with three months of existing credit/debit card transaction data in various geographical areas to analyze the mutual information and recommendations that can be shared among networked consumers.
MIT Department
Massachusetts Institute of Technology. Media Laboratory
Program in Media Arts and Sciences (Massachusetts Institute of Technology)
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
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DOI of Published Version
https://doi.org/10.1109/CCNC.2009.4784721
