Seeding the S-Curve? The Role of Early Adopters in Diffusion

@article{Catalini2016SeedingTS,
  title={Seeding the S-Curve? The Role of Early Adopters in Diffusion},
  author={Christian Catalini and Catherine Tucker},
  journal={Economics of Networks eJournal},
  year={2016}
}
In October 2014, all 4,494 undergraduates at the Massachusetts Institute of Technology were given access to Bitcoin, a decentralized digital currency. As a unique feature of the experiment, students who would generally adopt first were placed in a situation where many of their peers received access to the technology before them, and they then had to decide whether to continue to invest in this digital currency or exit. Our results suggest that when natural early adopters are delayed relative to… 
Bitcoin: Economics, Technology, and Governance
Bitcoin is an online communication protocol that facilitates the use of a virtual currency, including electronic payments. Bitcoin's rules were designed by engineers with no apparent influence from
Escaping from Government and Corporate Surveillance . Evidence from the MIT Digital Currency Experiment
This paper uses data from the MIT digital currency experiment to shed light on consumer behavior regarding commercial and government surveillance. This allows us to explore the apparent contradiction
An empirical study on the commercial adoption of digital currencies
TLDR
The role of perceived security and the fact that managers need to build their policies regarding transactions in digital currencies on the basis of security are stressed, meaning that commercial users should be aware of the advantages of digital currencies regarding businesses.
The Foundations of Entrepreneurial Strategy
Motivated by a significant disconnect between research, teaching and practice regarding the role of strategy in entrepreneurial ventures, this paper develops an integrated framework that defines and
Consumers’ Decaying Generosity Can Sustain a Profit-Oriented Firm Dependent on Social Preferences
Can social preferences sustain a for-profit company? We analyze panel data tracking payments of 57,196 customers for five years from an online retail firm whose profitability relies on consumers’
Some Simple Economics of the Blockchain
Blockchain technology can shape innovation and competition in digital platforms, but under what conditions?
NBER WORKING PAPER SERIES SOME SIMPLE ECONOMICS OF THE BLOCKCHAIN
We rely on economic theory to discuss how blockchain technology and cryptocurrencies will influence the rate and direction of innovation. We identify two key costs that are affected by distributed
The Big Crowd and the Small Enterprise: Intracorporate Disputes in the Close-But-Crowdfunded Firm
Equity Crowdfunding is a financial innovation that allows small businesses and startups to access capital through soliciting investment over the Internet. The current literature on crowdfunding has
The Digital Privacy Paradox: Small Money, Small Costs, Small Talk
'Notice and Choice' has been a mainstay of policies designed to safeguard consumer privacy. This paper investigates distortions in consumer behavior when faced with notice and choice which may limit
Opinion Dynamics in the Presence of Increasing Agreement Pressure
TLDR
It is shown that the update rule converges to gradient descent and explain its transient and asymptotic convergence properties through simulation, and the rate of convergence on a scale-free network is studied.
...
...

References

SHOWING 1-10 OF 37 REFERENCES
Adoption and diffusion of an innovation of uncertain profitability
Some Simple Economics of Crowdfunding
It is not surprising that the financing of early-stage creative projects and ventures is typically geographically localized since these types of funding decisions are usually predicated on personal
Can We Predict the Winner in a Market with Network Effects? Competition in Cryptocurrency Market
TLDR
While Bitcoin essentially dominates this market, the data suggest no evidence of a winner-take-all effect early in the market, and for a relatively long period, a few other cryptocurrencies competing with Bitcoin appreciated much more quickly than Bitcoin.
The Sound of Silence: Observational Learning in the U.S. Kidney Market
TLDR
It is shown that observational learning and information sharing shape consumer choices in markedly different ways, and optimal marketing strategies should take into account how consumers learn from others.
Group Size and Incentives to Contribute: A Natural Experiment at Chinese Wikipedia
The literature of private provision of public goods suggests that incentive to contribute is inversely related to group size. This paper empirically tests this relationship using field data from
Bitcoin: Economics, Technology, and Governance
Bitcoin is an online communication protocol that facilitates the use of a virtual currency, including electronic payments. Bitcoin's rules were designed by engineers with no apparent influence from
Personal Influence: The Part Played by People in the Flow of Mass Communications
First published in 1955, "Personal Influence" reports the results of a pioneering study conducted in Decatur, Illinois, validating Paul Lazarsfeld's serendipitous discovery that messages from the
Influentials, Networks, and Public Opinion Formation
A central idea in marketing and diffusion research is that influentials—a minority of individuals who influence an exceptional number of their peers—are important to the formation of public opinion.
To Belong or to Be Different? Evidence from a Large-Scale Field Experiment
We examined whether people conform to or diverge from the most popular choice among their friends by conducting a large-scale field experiment on a leading social-networking site in China. Our
An Investigation into the Social Context of Early Adoption Behavior
The social context of new product adoption behavior is a key aspect of the diffusion of innovations. Yet little is known about the process by which social contextual factors influence individual
...
...