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Separating the wheat from the chaff: Bayesian regularization in dynamic social networks
Karimova,Diana Leenders,Roger Meijerink-Bosman,Marlyne Mulder,Joris
Karimova,Diana
Leenders,Roger
Meijerink-Bosman,Marlyne
Mulder,Joris
Abstract
In recent years there has been an increasing interest in the use of relational event models for dynamic social network analysis. The basis of these models is the concept of an “event”, defined as a triplet of time, sender, and receiver of some social interaction. The key question that relational event models aim to answer is what drives the pattern of social interactions among actors. Researchers often consider a very large number of predictors in their studies (including exogenous effects, endogenous network effects, and interaction effects). However, employing an excessive number of effects may lead to overfitting and inflated Type-I error rates. Moreover, the fitted model can easily become overly complex and the implied social interaction behavior difficult to interpret. A potential solution to this problem is to apply Bayesian regularization using shrinkage priors to recognize which effects are truly nonzero (the “wheat”) and which effects can be considered as (largely) irrelevant (the “chaff”). In this paper, we propose Bayesian regularization methods for relational event models using four different priors for both an actor and a dyad relational event model: a flat prior model with no shrinkage, a ridge estimator with a normal prior, a Bayesian lasso with a Laplace prior, and a horseshoe prior. We apply these regularization methods in three different empirical applications. The results reveal that Bayesian regularization can be used to separate the wheat from the chaff in models with a large number of effects by yielding considerably fewer significant effects, resulting in a more parsimonious description of the social interaction behavior between actors in dynamic social networks, without sacrificing predictive performance.
Description
This work was supported by an ERC Starting Grant (758791).
Date
2023
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Research Projects
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Keywords
Bayesian lasso, Bayesian regularization, Horseshoe prior, Relational event data, Shrinkage priors
Citation
Karimova, D, Leenders, R, Meijerink-Bosman, M & Mulder, J 2023, 'Separating the wheat from the chaff : Bayesian regularization in dynamic social networks', Social Networks, vol. 74, pp. 139-155. https://doi.org/10.1016/j.socnet.2023.02.006