Google, PageRank & Wassily W. Leontief: The Search Algorithm was drafted in 1941

Google, PageRank & Wassily W. Leontief: The Search Algorithm was drafted in 1941
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“PageRank is a web page ranking technique that radically changed the concepts of quality and truth of information found on the Web. The method was developed by Sergey Brin and Larry Page while studying at Stanford University and is currently an important ingredient of Google search engine. The main idea behind PageRank is to determine the importance of a Web page in terms of the very same notion of importance assigned to the pages hyperlinking to it. In fact, this thesis in not new, and has been previously successfully exploited in different contexts. In this work, we review the PageRank method and link it to some renowned predecessors we have found in the fields of Web information retrieval, bibliometrics, sociology, and economics.”

In 1941 paper, Wassily W. Leontief discussed an iterative method for ranking industries he would receive the Nobel Prize for economics for his research in this area in 1973.

The research was reused afterward by several researchers who seemingly inspired Google’s founders.

Source: http://arxiv.org/abs/1002.2858

More details: http://www.physorg.com/news185780169.html