Connected Consumption: The hidden networks of consumption
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...
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
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Institute of Electrical and Electronics Engineers
2010
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| Online Access: | http://hdl.handle.net/1721.1/59824 https://orcid.org/0000-0003-2541-2266 |
| _version_ | 1826215411334512640 |
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| author | Reed, David P. Lippman, Andrew B. Shen, Dawei Lee, Kwan Hong Schumacher, Hans D. |
| author2 | Massachusetts Institute of Technology. Media Laboratory |
| author_facet | Massachusetts Institute of Technology. Media Laboratory Reed, David P. Lippman, Andrew B. Shen, Dawei Lee, Kwan Hong Schumacher, Hans D. |
| author_sort | Reed, David P. |
| collection | MIT |
| description | 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. |
| first_indexed | 2024-09-23T16:27:46Z |
| format | Article |
| id | mit-1721.1/59824 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T16:27:46Z |
| publishDate | 2010 |
| publisher | Institute of Electrical and Electronics Engineers |
| record_format | dspace |
| spelling | mit-1721.1/598242022-10-02T08:02:42Z Connected Consumption: The hidden networks of consumption Reed, David P. Lippman, Andrew B. Shen, Dawei Lee, Kwan Hong Schumacher, Hans D. Massachusetts Institute of Technology. Media Laboratory Program in Media Arts and Sciences (Massachusetts Institute of Technology) Reed, David P. Reed, David P. Lippman, Andrew B. Shen, Dawei Lee, Kwan Hong 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. Massachusetts Institute of Technology. Center for Future Banking 2010-11-05T16:27:42Z 2010-11-05T16:27:42Z 2009-02 2009-01 Article http://purl.org/eprint/type/JournalArticle 978-1-4244-2308-8 INSPEC Accession Number: 10478966 http://hdl.handle.net/1721.1/59824 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. https://orcid.org/0000-0003-2541-2266 en_US http://dx.doi.org/10.1109/CCNC.2009.4784721 6th IEEE Consumer Communications and Networking Conference, 2009. CCNC 2009 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. application/pdf Institute of Electrical and Electronics Engineers IEEE |
| spellingShingle | Reed, David P. Lippman, Andrew B. Shen, Dawei Lee, Kwan Hong Schumacher, Hans D. Connected Consumption: The hidden networks of consumption |
| title | Connected Consumption: The hidden networks of consumption |
| title_full | Connected Consumption: The hidden networks of consumption |
| title_fullStr | Connected Consumption: The hidden networks of consumption |
| title_full_unstemmed | Connected Consumption: The hidden networks of consumption |
| title_short | Connected Consumption: The hidden networks of consumption |
| title_sort | connected consumption the hidden networks of consumption |
| url | http://hdl.handle.net/1721.1/59824 https://orcid.org/0000-0003-2541-2266 |
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