Twenty-two power laws of the emerging social economy | Enterprise Web 2.0 | ZDNet.com

Christy Tucker's personal annotations on this page

Christyinsdesign bookmarked on 2009-10-10 networks socialnetworking economics

Power laws describing how networks and social networking work, some supported by research, some simply observations of human behavior

Amara’s Law (backstory) states that “we tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.”
11. Metcalfe’s Law

This was the original conception of network effects, whereby the potential value of a network grows exponentially according to its size.
The fundamental definition of a network effect is “when a product or service has more value the more that other people have it too.”
In fact, the Principle of Least Effort notes that they will tend to use the most convenient method, in the least exacting way available, with interaction stopping as soon as minimally acceptable results are achieved. As a result, well-known social scientist Clay Shirky notes that the most “brutally simple” social model often is the most successful one (using Twitter as an example.)
Reed’s Law

Researcher David Reed discovered that the network effect of social systems is much higher than would otherwise be expected, helping to explain the sudden rise of social systems in the latter half of this decade. While adding a social architecture to a piece of software for no specific reason isn’t helpful either, it turns out that in general, software (and indeed, any networked system) is better the more social it is.
Reflexivity asserts that social actions can and do in fact influence the fundamental behavior of a social system and that these newly-influenced set of fundamentals can then proceed to change expectations, thus influencing new behavior. The process continues in a self-reinforcing pattern.

This link has been bookmarked by 16 people . It was first bookmarked on 06 Oct 2009, by Fernanda Ibarra.

09 Dec 09

Regis Barondeau
law loi social socialmedia
11 Nov 09

Driessen Samuel
Mentions Dunbar number

IT trends enterprise2.0
09 Nov 09

Howard Rheingold
"The term “power law” has a much more specific meaning to those that follow such things. In general, a power law defines when the frequency of an event decreases faster than the increasing size of the event. The classical example is that an earthquake twice as large is four times as rare. Power laws are found throughout nature and human environments and are an active area of scientific research that have attracted widespread interest.

However, the list below is more informal and though a number of power laws are on the list, I’m using the term merely to imply that these principles and relationships drive directly to the heart of way network-based social systems function. There are two components at interplay here: the network and us. The way they interact and entangle is what is increasingly both interesting and important to the knowledge economy. "

networks
02 Nov 09

Esther Fink
Traditional measures of business success are becoming less and less important.There is a time for big picture thinking and there is a time for details

diigo social enterprise 2.0 networks strategic Trends
20 Oct 09

Kestutis Jorudas
social_networking
14 Oct 09

Vahid Masrour
organizational design socialnetworks organization2.0
10 Oct 09

Chuck Brands
Christy Tucker
Power laws describing how networks and social networking work, some supported by research, some simply observations of human behavior

networks socialnetworking economics
- Amara’s Law (backstory) states that “we tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.”
- 11. Metcalfe’s Law
  
  This was the original conception of network effects, whereby the potential value of a network grows exponentially according to its size.
- 4 more annotations...
- - The fundamental definition of a network effect is “when a product or service has more value the more that other people have it too.”
  - In fact, the Principle of Least Effort notes that they will tend to use the most convenient method, in the least exacting way available, with interaction stopping as soon as minimally acceptable results are achieved. As a result, well-known social scientist Clay Shirky notes that the most “brutally simple” social model often is the most successful one (using Twitter as an example.)
  - Reed’s Law
    
    Researcher David Reed discovered that the network effect of social systems is much higher than would otherwise be expected, helping to explain the sudden rise of social systems in the latter half of this decade. While adding a social architecture to a piece of software for no specific reason isn’t helpful either, it turns out that in general, software (and indeed, any networked system) is better the more social it is.
  - Reflexivity asserts that social actions can and do in fact influence the fundamental behavior of a social system and that these newly-influenced set of fundamentals can then proceed to change expectations, thus influencing new behavior. The process continues in a self-reinforcing pattern.
09 Oct 09

A. T. Wyatt
Interesting article about the shifts inherent in the old and the new ways to interact on line. Good introduction with illustrations defining the context and then following with 22 laws of social economics. While this article has a business focus, I think much of it might also be applied to education.

social economy social enterprise 2.0 social networks marketing shift
07 Oct 09

Workcolab .
zdnet.com enterprise 2.0 twentytwo social economy
Emanuele Quintarelli
enterprise 2.0 social business 2009 enterprise web 2.0 laws power laws zdnet.com social economy
Jim Walker
There is a time for big picture thinking and there is a time for details in business and IT, the latter which make business and technical strategy a reality and the former which provides needed direction and focus.

social social networks economy
- There is a time for big picture thinking and there is a time for details in business and IT, the latter which make business and technical strategy a reality and the former which provides needed direction and focus
- Today’s new economic baselines (the downturn, green business, etc) are requiring that we find ways to accomplish our goals using fewer resources
- 1 more annotations...
- - This is the growing realization that the traditional rote business transaction as the core source of organizational value is diminishing and value is now coming from relationship dynamics.
06 Oct 09

mat Wall-Smith
powerlaws social media networks research tinkerbell
Katie Carver
Twenty-Two Power Laws of the Emerging Social Economy

Web 2.0
Fernanda Ibarra
social economy