Chapter 9: Network Effects

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Across
  1. 3. an increased number of users lead to an increase in value for other users in the same user group
  2. 4. people who listen to advice from others (i.e., word-of-mouth) and are therefore likely to buy the version of the product owned by most other people. These people cause network effects.
  3. 5. users of a network who have a high number of links
  4. 8. value of that service as perceived individually by each user
  5. 9. the aggregated behavior of the users induces value on other users
  6. 10. the effect that the number of users or amount of usage of a service has on
  7. 11. an increase in the number of users in one user group enhances value in other user groups
  8. 12. market feedback causes a perceived increase in value (e.g., more users) that stimulates further increase in value (users).
Down
  1. 1. users of a network who have a low number of links
  2. 2. market feedback causes a perceived decrease in value (e.g., fewer users) that stimulates further decrease in value (users).
  3. 4. people who do not listen to advice and buy the product of their own liking. These people do not cause network effects.
  4. 6. users induce value on other users by the means of direct interaction between the users
  5. 7. the concept that any human being is (at the most) six intermediaries away from any other human on Earth