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Cumulative Advantage
is a self-fufilling prophecy where small differences overtime become bigger and can get more popular
Self-Fulling Prophecy
false definition of the situation evoking new behavior which makes the false conception come true
Herd Behavior
following the herd
-doing it because other people do it
Network Effects
things get more valuable, the more people are on it, culture and media has and benefits from network effects
Key theoretical question
to what extent can the perception of success become a self-fulfilling prophecy
Can success in cultural markets arise solely as a self-fulfilling prophesy -
What happened to less popular songs in the inverted world
Songs that were promoted by the inversion tended to do better in the long run
People under herd behavior created network effects
what happend to popular songs in the inverted world
Best songs initially lost popularity but recovered their popularity in the long run
not purely network effects or herd behavior because sonically there is something that makes songs more popular