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David R. Dewhurst

Publications and source records attributed to David R. Dewhurst.

3 recordsLinked to original sources

Storywrangler: A massive exploratorium for sociolinguistic, cultural, socioeconomic, and political timelines using Twitter

In real-time, social media data strongly imprints world events, popular culture, and day-to-day conversations by millions of ordinary people at a scale that is scarcely conventionalized and recorded. Vitally, and absent from many standard corpora such as books and news archives, sharing and commenting mechanisms are native to social media platforms, enabling us to quantify social amplification (i.e., popularity) of trending storylines and contemporary cultural phenomena. Here, we describe Storywrangler, a natural language processing instrument designed to carry out an ongoing, day-scale curation of over 100 billion tweets containing roughly 1 trillion 1-grams from 2008 to 2021. For each day, we break tweets into unigrams, bigrams, and trigrams spanning over 100 languages. We track n-gram usage frequencies, and generate Zipf distributions, for words, hashtags, handles, numerals, symbols, and emojis. We make the data set available through an interactive time series viewer, and as downloadable time series and daily distributions. Although Storywrangler leverages Twitter data, our method of extracting and tracking dynamic changes of n-grams can be extended to any similar social media platform. We showcase a few examples of the many possible avenues of study we aim to enable including how social amplification can be visualized through 'contagiograms'. We also present some example case studies that bridge n-gram time series with disparate data sources to explore sociotechnical dynamics of famous individuals, box office success, and social unrest.

cs.SI

The growing amplification of social media: Measuring temporal and social contagion dynamics for over 150 languages on Twitter for 2009-2020

Working from a dataset of 118 billion messages running from the start of 2009 to the end of 2019, we identify and explore the relative daily use of over 150 languages on Twitter. We find that eight languages comprise 80% of all tweets, with English, Japanese, Spanish, and Portuguese being the most dominant. To quantify social spreading in each language over time, we compute the 'contagion ratio': The balance of retweets to organic messages. We find that for the most common languages on Twitter there is a growing tendency, though not universal, to retweet rather than share new content. By the end of 2019, the contagion ratios for half of the top 30 languages, including English and Spanish, had reached above 1 -- the naive contagion threshold. In 2019, the top 5 languages with the highest average daily ratios were, in order, Thai (7.3), Hindi, Tamil, Urdu, and Catalan, while the bottom 5 were Russian, Swedish, Esperanto, Cebuano, and Finnish (0.26). Further, we show that over time, the contagion ratios for most common languages are growing more strongly than those of rare languages.

cs.CL

Scaling of inefficiencies in the U.S. equity markets: Evidence from three market indices and more than 2900 securities

Using the most comprehensive, commercially-available dataset of trading activity in U.S. equity markets, we catalog and analyze quote dislocations between the SIP National Best Bid and Offer (NBBO) and a synthetic BBO constructed from direct feeds. We observe a total of over 3.1 billion dislocation segments in the Russell 3000 during trading in 2016, roughly 525 per second of trading. However, these dislocations do not occur uniformly throughout the trading day. We identify a characteristic structure that features more dislocations near the open and close. Additionally, around 23% of observed trades executed during dislocations. These trades may have been impacted by stale information, leading to estimated opportunity costs on the order of $ 2 billion USD. A subset of the constituents of the S&P 500 index experience the greatest amount of opportunity cost and appear to drive inefficiencies in other stocks. These results quantify impacts of the physical structure of the U.S. National Market System.

q-fin.TR