The Law of the Few - Sanjeev Goyal

The study of networks offers a fruitful approach to understanding human behaviour. Sanjeev Goyal is one of its pioneers. In this lecture Sanjeev presents a puzzle: In social communities, the vast majority of individuals get their information from a very small subset of the group -- the influencers, connectors, and opinion leaders. But empirical research suggests that there are only minor differences between the influencers and the others. Using mathematical modelling of individual activity and networking and experiments with human subjects, Sanjeev helps explain the puzzle and the economic trade-offs it contains.

Professor Sanjeev Goyal FBA is the Chair of the Economics Faculty at the University of Cambridge and was the founding Director of the Cambridge-INET Institute.