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Price's model

Price's model is a mathematics topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Price's model rather than just read about it. In short: Price's model (named after the physicist Derek J. de Solla Price) is a mathematical model for the growth of citation networks. It was the first model which generalized the Simon model to be used for networks, especially for growing networks.

Key takeaways

  • Price's model belongs to mathematics; place it in that map before memorising details.
  • Learn the definition first, then one example that makes the definition concrete.
  • Connect Price's model to a quantity you can measure, compute or draw — that is where exam questions come from.
  • Reproduce the core statement of Price's model from memory before moving on to harder problems.

Reference excerpt

Price's model (named after the physicist Derek J. de Solla Price) is a mathematical model for the growth of citation networks. It was the first model which generalized the Simon model to be used for networks, especially for growing networks. Price's model belongs to the broader class of network growing models (together with the Barabási–Albert model) whose primary target is to explain the origination of networks with strongly skewed degree distributions. The model picked up the ideas of the Simon model reflecting the concept of rich get richer, also known as the Matthew effect. Price took the example of a network of citations between scientific papers and expressed its properties. His idea was that the way an old vertex (existing paper) gets new edges (new citations) should be proportional to the number of existing edges (existing citations) the vertex already has. This was referred to as cumulative advantage, now also known as preferential attachment. Price's work is also significant in providing the first known example of a scale-free network (although this term was introduced later). His ideas were used to describe many real-world networks such as the Web.

The model

Basics Considering a directed graph with n nodes. Let p k {\displaystyle p_{k}} denote the fraction of nodes with degree k so that ∑ k p k = 1 {\displaystyle \textstyle \sum _{k}{p_{k}}=1} . Each new node has a given out-degree (namely those papers it cites) and it is fixed in the long run. This does not mean that the out-degrees can not vary across nodes, simply we assume that the mean out-degree, ∑ k k p k = m {\displaystyle \textstyle \sum _{k}{kp_{k}}=m} , is fixed over time, and consequently m is not restricted to the integers. The most trivial form of preferential attachment means that a new node connects to an existing node proportionally to its in-degrees. In other words, a new paper cites an existing paper in proportion to the number of papers that cite it. The caveat to such an idea is that, since no new paper is cited when it is joined to the network, it is going to have zero probability of being cited in the future (contrary to what happens in real life). To overcome this, Price proposed that an attachment should be proportional to some k + k 0 {\displaystyle k+k_{0}} with k 0 {\displaystyle k_{0}} an arbitrary constant. Price proposed k 0 = 1 {\displaystyle k_{0}=1} , such that an initial citation is associated with the paper itself. The probability of a new edge connecting to any node with a degree k is now

( k + 1 ) p k ∑ k ( k + 1 ) p k = ( k + 1 ) p k m + 1 {\displaystyle {\frac {(k+1)p_{k}}{\sum _{k}(k+1)p_{k}}}={\frac {(k+1)p_{k}}{m+1}}}

Evolution of the network The next question is the net change in the number of nodes with degree k when we add new nodes to the network. Naturally, this number is decreasing, as some k-degree nodes have new edges, hence becoming (k + 1)-degree nodes; but on the other hand this number is also increasing, as some (k − 1)-degree nodes might get new edges, becoming k degree nodes. To express this net change formally, let us denote the fraction of k-degree nodes at a network of n vertices with p k , n {\displaystyle p_{k,n}} :

( n + 1 ) p k , n + 1 − n p k , n = [ k p k − 1 , n − ( k + 1 ) p k , n ] m m + 1 for k ≥ 1 , {\displaystyle (n+1)p_{k,n+1}-np_{k,n}=[kp_{k-1,n}-(k+1)p_{k,n}]{\frac {m}{m+1}}{\text{ for }}k\geq 1,}

and

… excerpt ends here. Continue reading the full article.

Worked examples

Example 1 — a first encounter with Price's model

Start with the simplest possible case. Write down what Price's model claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In mathematics, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Price's model before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Price's model ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Price's model

In research
Price's model appears in mathematics research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry
Engineering practice reuses Price's model in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom
Price's model is common in secondary-school and first-year university syllabi. It links to neighbouring topics Mathematical modeling, Networks, so understanding it makes those chapters shorter.
In everyday life
Look for Price's model outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study Price's model in 20 minutes

  1. Read the reference excerpt below once, without taking notes.
  2. Close the page and write down what Price's model means in your own words.
  3. Compare your version with the excerpt and mark what you missed.
  4. Work through the three examples above with pen and paper.
  5. Explain Price's model out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Price's model in simple terms?

Price's model (named after the physicist Derek J. de Solla Price) is a mathematical model for the growth of citation networks. It was the first model which generalized the Simon model to be used for networks, especially for growing networks.

Why does Price's model matter?

Because it connects several mathematics ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Price's model?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Price's model.

Tags

  • Mathematical modeling
  • Networks

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