social media psychology and economics

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Social Media Psychology and Economics Hands-On Social Media for Utilities Workshop June 20, 2010/AWWA ACE ’10/Chicago, IL Jon DiPietro, Domesticating IT [email protected]

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The presentation, given at the AWWA ACE10 Social Media Workshop, looks at some of the math and science that makes social media so powerful and yet so confusing.

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Page 1: Social Media Psychology and Economics

Social Media Psychology and EconomicsHands-On Social Media for Utilities WorkshopJune 20, 2010/AWWA ACE ’10/Chicago, IL

Jon DiPietro, Domesticating [email protected]

Page 2: Social Media Psychology and Economics

Handouts

This is a presentation, not a “slideument.”That means it works well when I present it, but doesn’t stand on its own. However, you can get the next-best-thing by downloading the notes here:

www.domesticatingit.com/social-media-psychology-economics

Page 3: Social Media Psychology and Economics
Page 4: Social Media Psychology and Economics
Page 5: Social Media Psychology and Economics
Page 6: Social Media Psychology and Economics

But first…

Page 7: Social Media Psychology and Economics

What’s enabling social media?

Digital Content

Page 8: Social Media Psychology and Economics

What’s enabling social media?

Moore’s Law

picture courtesy of Wgsimon, Wikipedia Commons, used under Creative Commons license

Page 9: Social Media Psychology and Economics

What’s enabling social media?

File Sharing

Page 10: Social Media Psychology and Economics

Web 2.0

Courtesy of Dave Grayhttp://www.flickr.com/photos/davegray/153025183/

What’s enabling social media?

Page 11: Social Media Psychology and Economics

These tools don’t get socially

interesting until they get technologically

boring.”

Page 12: Social Media Psychology and Economics

Psychology

Page 13: Social Media Psychology and Economics

Psychology:Social Animals

Dunbar’s Number

Page 14: Social Media Psychology and Economics

Social Norms vs.Economic Norms

Psychology:Social Animals

Page 15: Social Media Psychology and Economics

Psychology:Social Animals

Intrinsic Motivationvs.Extrinsic Motivations

Page 16: Social Media Psychology and Economics

Psychology:Cognitive Surplus

Spare Time

Page 17: Social Media Psychology and Economics

Folksonomies

courtesy heather.williams on Flickrcourtesy Easternblot on Flickrcourtesy heather.williams on Flickr

Psychology:Cognitive Surplus

Page 18: Social Media Psychology and Economics

Economics

Page 19: Social Media Psychology and Economics

Irrational Behavior

Economics:Freeking Out

Page 20: Social Media Psychology and Economics

courtesy beancounter on Flickr

Atoms vs.Bits

Economics:Freeking Out

Page 21: Social Media Psychology and Economics

Participation

Economics:Power Law

Contributions

Individual

Page 22: Social Media Psychology and Economics

Demand Curve

Economics:Power Law

Price

Demand

Page 23: Social Media Psychology and Economics

Power Law vs.Normal Distribution

Economics:Power Law

Page 24: Social Media Psychology and Economics

Birthday Paradox

Economics:Group Dynamics

courtesy Cade on Flickr

Page 25: Social Media Psychology and Economics

Connectors & Tipping Points

Economics:Group Dynamics

Page 26: Social Media Psychology and Economics

Democratization

Economics:Group Dynamics

Page 27: Social Media Psychology and Economics

Thank You

Email:[email protected]

Blog:domesticatingit.com

Twitter:@JonDiPietro

Book:“Social Media for Engineers & Scientists”leftbrainhandbook.com