How the online social media, like Twitter or its variant Weibo, interacts with the stock market and whether it can be a convincing proxy to predict the stock market have been debated for years, especially for China. As the traditional theory in behavioral finance states, the individual emotions can influence decision-makings of investors, it is reasonable to further explore these controversial topics systematically from the perspective of online emotions, which are richly carried by massive tweets in social media. Through thorough studies on over 10 million stock-relevant tweets and 3 million investors from Weibo, it is revealed that inexperienced investors with high emotional volatility are more sensible to the market fluctuations than the experienced or institutional ones, and their dominant occupation also indicates that the Chinese market might be more emotional as compared to its western counterparts. Then both correlation analysis and causality test demonstrate that five attributes of the stock market in China can be competently predicted by various online emotions, like disgust, joy, sadness and fear. Specifically, the presented prediction model significantly outperforms the baseline model, including the one taking purely financial time series as input features, on predicting five attributes of the stock market under the K-means discretization. We also employ this prediction model in the scenario of realistic online application and its performance is further testified.
In the past decade we have witnessed the failure of traditional polls in predicting presidential election outcomes across the world. To understand the reasons behind these failures we analyze the raw data of a trusted pollster which failed to predict, along with the rest of the pollsters, the surprising 2019 presidential election in Argentina. Analysis of the raw and re-weighted data from longitudinal surveys performed before and after the elections reveals clear biases related to mis-representation of the population and, most importantly, to social-desirability biases, i.e., the tendency of respondents to hide their intention to vote for controversial candidates. We propose an opinion tracking method based on machine learning models and big-data analytics from social networks that overcomes the limits of traditional polls. This method includes three prediction models based on the loyalty classes of users to candidates, homophily measures and re-weighting scenarios. The model achieves accurate results in the 2019 Argentina elections predicting the overwhelming victory of the candidate Alberto Fernández over the incumbent president Mauricio Macri, while none of the traditional pollsters was able to predict the large gap between them. Beyond predicting political elections, the framework we propose is more general and can be used to discover trends in society, for instance, what people think about economics, education or climate change.
Social media are decentralized, interactive, and transformative, empowering users to produce and spread information to influence others. This has changed the dynamics of political communication that were previously dominated by traditional corporate news media. Having hundreds of millions of tweets collected over the 2016 and 2020 U.S. presidential elections gave us a unique opportunity to measure the change in polarization and the diffusion of political information. We analyze the diffusion of political information among Twitter users and investigate the change of polarization between these elections and how this change affected the composition and polarization of influencers and their retweeters. We identify "influencers" by their ability to spread information and classify them into those affiliated with a media organization, a political organization, or unaffiliated. Most of the top influencers were affiliated with media organizations during both elections. We found a clear increase from 2016 to 2020 in polarization among influencers and among those whom they influence. Moreover, 75% of the top influencers in 2020 were not present in 2016, demonstrating that such status is difficult to retain. Between 2016 and 2020, 10%
Whether the online social media, like Twitter or its variant Weibo, can be a convincing proxy to predict the stock market has been debated for years, especially for China. However, as the traditional theory in behavioral finance states, the individual emotions can influence decision-making of investors, so it is reasonable to further explore this controversial topic from the perspective of online emotions, which is richly carried by massive tweets in social media. Surprisingly, through thorough study on over 10 million stock-relevant tweets from Weibo, both correlation analysis and causality test show that five attributes of the stock market in China can be competently predicted by various online emotions, like disgust, joy, sadness and fear. Specifically, the presented model significantly outperforms the baseline solutions on predicting five attributes of the stock market under the K-means discretization. We also employ this model in the scenario of realistic online application and its performance is further testified.
Social media has been transforming political communication dynamics for over a decade. Here using nearly a billion tweets, we analyse the change in Twitter’s news media landscape between the 2016 and 2020 US presidential elections. Using political bias and fact-checking tools, we measure the volume of politically biased content and the number of users propagating such information. We then identify influencers—users with the greatest ability to spread news in the Twitter network. We observe that the fraction of fake and extremely biased content declined between 2016 and 2020. However, results show increasing echo chamber behaviours and latent ideological polarization across the two elections at the user and influencer levels.
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