Video Time: Properties, Encoders and Evaluation

Time-aware encoding of frame sequences in a video is a fundamental problem in video understanding. While many attempted to model time in videos, an explicit study on quantifying video time is missing. To fill this lacuna, we aim to evaluate video time explicitly. We describe three properties of video time, namely a) temporal asymmetry, b)temporal continuity and c) temporal causality. Based on each we formulate a task able to quantify the associated property. This allows assessing the effectiveness of modern video encoders, like C3D and LSTM, in their ability to model time. Our analysis provides insights about existing encoders while also leading us to propose a new video time encoder, which is better suited for the video time recognition tasks than C3D and LSTM. We believe the proposed meta-analysis can provide a reasonable baseline to assess video time encoders on equal grounds on a set of temporal-aware tasks.Comment: 14 pages, BMVC 201

Understanding (Ir)rational Herding Online

Investigations of social influence in collective decision-making have become possible due to recent technologies and platforms that record interactions in far larger groups than could be studied before. Herding and its impact on decision-making are critical areas of practical interest and research study. However, despite theoretical work suggesting that it matters whether individuals choose who to imitate based on cues such as experience or whether they herd at random, there is little empirical analysis of this distinction. To demonstrate the distinction between what the literature calls "rational" and "irrational" herding, we use data on tens of thousands of loans from a well-established online peer-to-peer (p2p) lending platform. First, we employ an empirical measure of memory in complex systems to measure herding in lending. Then, we illustrate a network-based approach to visualize herding. Finally, we model the impact of herding on collective outcomes. Our study reveals that loan performance is not solely determined by whether the lenders engage in herding or not. Instead, the interplay between herding and the imitated lenders' prior success on the platform predicts loan outcomes. In short, herds led by expert lenders tend to pick loans that do not default. We discuss the implications of this under-explored aspect of herding for platform designers, borrowers, and lenders. Our study advances collective intelligence theories based on a case of high-stakes group decision-making online