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Register a new userTackling information asymmetry in networks: a new entropy-based ranking index
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Information is a valuable asset for agents in socio-economic systems, a significant part of the information being entailed into the very network of connections between agents. The different interlinkages patterns that agents establish may, in fact, lead to asymmetries in the knowledge of the network structure; since this entails a different ability of quantifying relevant systemic properties (e.g. the risk of financial contagion in a network of liabilities), agents capable of providing a better estimate of (otherwise) unaccessible network properties, ultimately have a competitive advantage. In this paper, we address for the first time the issue of quantifying the information asymmetry arising from the network topology. To this aim, we define a novel index - InfoRank - intended to measure the quality of the information possessed by each node, computing the Shannon entropy of the ensemble conditioned on the node-specific information. Further, we test the performance of our novel ranking procedure in terms of the reconstruction accuracy of the (unaccessible) network structure and show that it outperforms other popular centrality measures in identifying the most informative nodes. Finally, we discuss the socio-economic implications of network information asymmetry.
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Information entropy has been proved to be an effective tool to quantify the structural importance of complex networks. In the previous work (Xu et al, 2016 cite{xu2016}), we measure the contribution of a path in link prediction with information entropy. In this paper, we further quantify the contribution of a path with both path entropy and path weight, and propose a weighted prediction index based on the contributions of paths, namely Weighted Path Entropy (WPE), to improve the prediction accuracy in weighted networks. Empirical experiments on six weighted real-world networks show that WPE achieves higher prediction accuracy than three typical weighted indices.
Identifying hierarchies and rankings of nodes in directed graphs is fundamental in many applications such as social network analysis, biology, economics, and finance. A recently proposed method identifies the hierarchy by finding the ordered partition of nodes which minimises a score function, termed agony. This function penalises the links violating the hierarchy in a way depending on the strength of the violation. To investigate the resolution of ranking hierarchies we introduce an ensemble of random graphs, the Ranked Stochastic Block Model. We find that agony may fail to identify hierarchies when the structure is not strong enough and the size of the classes is small with respect to the whole network. We analytically characterise the resolution threshold and we show that an iterated version of agony can partly overcome this resolution limit.
Link prediction in complex network based on solely topological information is a challenging problem. In this paper, we propose a novel similarity index, which is efficient and parameter free, based on clustering ability. Here clustering ability is defined as average clustering coefficient of nodes with the same degree. The motivation of our idea is that common-neighbors are able to contribute to the likelihood of forming a link because they own some ability of clustering their neighbors together, and then clustering ability defined here is a measure for this capacity. Experimental numerical simulations on both real-world networks and modeled networks demonstrated the high accuracy and high efficiency of the new similarity index compared with three well-known common-neighbor based similarity indices: CN, AA and RA.
Community detection is a significant and challenging task in network research. Nowadays, plenty of attention has been focused on local methods of community detection. Among them, community detection with a greedy algorithm typically starts from the identification of local essential nodes called central nodes of the network; communities expand later from these central nodes by optimizing a modularity function. In this paper, we propose a new central node indicator and a new modularity function. Our central node indicator, which we call local centrality indicator (LCI), is as efficient as the well-known global maximal degree indicator and local maximal degree indicator; on certain special network structure, LCI performs even better. On the other hand, our modularity function F2 overcomes certain disadvantages,such as the resolution limit problem,of the modularity functions raised in previous literature. Combined with a greedy algorithm, LCI and F2 enable us to identify the right community structures for both the real world networks and the simulated benchmark network. Evaluation based on the normalized mutual information (NMI) suggests that our community detection method with a greedy algorithm based on LCI and F2 performs superior to many other methods. Therefore, the method we proposed in this paper is potentially noteworthy.
The rapid expansion of social network provides a suitable platform for users to deliver messages. Through the social network, we can harvest resources and share messages in a very short time. The developing of social network has brought us tremendous conveniences. However, nodes that make up the network have different spreading capability, which are constrained by many factors, and the topological structure of network is the principal element. In order to calculate the importance of nodes in network more accurately, this paper defines the improved H-index centrality (IH) according to the diversity of neighboring nodes, then uses the cumulative centrality (MC) to take all neighboring nodes into consideration, and proposes the extended mixing H-index centrality (EMH). We evaluate the proposed method by Susceptible-Infected-Recovered (SIR) model and monotonicity which are used to assess accuracy and resolution of the method, respectively. Experimental results indicate that the proposed method is superior to the existing measures of identifying nodes in different networks.
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