The ‘hit’ phenomenon: a mathematical model of human dynamics interactions as a stochastic process
Year: 2012
Type: article
Abstract: A mathematical model for the 'hit' phenomenon in entertainment within a society is presented as a stochastic process of human dynamics interactions. The model uses only the advertisement budget time distribution as an input, and word-of-mouth (WOM), represented by posts on social network systems, is used as data to make a comparison with the calculated results. The unit of time is days. The WOM distribution in time is found to be very close to the revenue distribution in time. Calculations for the Japanese motion picture market based on the mathematical model agree well with the actual revenue distribution in time.
Source: New Journal of Physics
Institutions: Tottori University, Digital Hollywood University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $2,610
OpenAlex ID: W2098406480