How important is somebody?

Here is an interesting-looking article that was just posted on the arxiv. I don't plan on reading it in detail immediately, but its abstract is certainly intriguing. Here's the abstract:


Co-occurrence Network of Reuters News

Arzucan Ozgur, Burak Cetin, Haluk Bingol

Networks describe various complex natural systems including social systems. We investigate the social network of co-occurrence in Reuters-21578 corpus, which consists of news articles that appeared in the Reuters newswire in 1987. People are represented as vertices and two persons are connected if they co-occur in the same article. The network has small-world features with power-law degree distribution. The network is disconnected and the component size distribution has power law characteristics. Community detection on a degree-reduced network provides meaningful communities. An edge-reduced network, which contains only the strong ties has a star topology.
"Importance" of persons are investigated. The network is the situation in 1987. After 20 years, a better judgment on the importance of the people can be done. A number of ranking algorithms, including Citation count, PageRank, are used to assign ranks to vertices. The ranks given by the algorithms are compared against how well a person is represented in Wikipedia. We find up to medium level Spearman's rank correlations. A noteworthy finding is that PageRank consistently performed worse than the other algorithms. We analyze this further and find reasons.