Human dynamics in repurchase behavior based on comments mining
Abstract
Hundreds of thousands of individual deals and comments are analyzed to ask: what kinds of patterns appear in their repurchase process? Our results suggest that, in the empirical description, the intervals between two consecutive purchases obey a power-law distribution. Notwithstanding a wide range of individual preferences, shoppers' repurchase behaviors show some similar patterns, called long-scale quiet and short-scale emergence, and the alternating appearance of them form an endless chain in repurchase. In agreement with the empirical results, these short-scale and long-scale patterns suggest an adaptive model with alterable exponents complying with a power-law distribution. And it also implies that each user behaves his own intrinsic pattern such as unique repurchase intensity and silence-emergence cycle, which contributes to customer life-time value from the new view of dynamics and repurchase cycles.
- Publication:
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Physica A Statistical Mechanics and its Applications
- Pub Date:
- July 2018
- DOI:
- 10.1016/j.physa.2018.02.137
- Bibcode:
- 2018PhyA..502..563Y
- Keywords:
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- Human dynamics;
- Repurchase;
- Adaptive model;
- Alterable exponent;
- Power-law distribution