Moral Foundation Theory states that groups of different observers may rely on partially dissimilar sets of moral foundations, thereby reaching different moral valuations. The use of functional imaging techniques has revealed a spectrum of cognitive styles with respect to the differential...

Monte Carlo simulations of a Sznajd model show that if a near-consensus is formed out of four initially equally widespread opinions, the one which at intermediate times is second in the number of adherents usually loses out against the third-placed opinion.

We analyze emotionally annotated massive data from Internet relay chat (IRC) as well as from BBC forum website and model the dialogues between chat participants by assuming that the driving force for the discussion is the entropy growth of emotional probability distribution. This process is...

The 1995 model of Bonabeau et al. is generalized by giving each individual a different ability to win or lose a fight. We also introduce different groups such that the losers of fights between different groups are eliminated. The overall phase diagram for the first-order transition between...

The 1995 model of Bonabeau et al. explains the emergence of social hierarchies through randomness, but gives as many leaders as followers. A simple modification allows a more realistic asymmetry with far fewer leaders.

Do the Marshallian and Walrasian models have a firm foundation on micromotives, or are they just macroabstractions that we could dispense in microeconomics? Previous evidence from experimental economics with human subjects in continuous double auction markets shows that, if the supply is...

Evolutionary game theory can be attested as a practical apparatus in providing additional information on the workings of the open market and on the blueprint for dynamics in economic phenomena. Through an interdisciplinary approach to different game scenarios, the dependencies among market...

The volatility in a CPG market is modeled using a bottom-up simulation approach and validated against disaggregated supermarket transactions data. The simulation uses independent agents, each agent representing unique households in the data. A simple behavioral model incorporates household...

A new agent-based, bounded-confidence model for discrete one-dimensional opinion dynamics is presented. The agents interact if their opinions do not differ by more than a tolerance parameter. In pairwise interactions, one of the pair, randomly selected, converts to the opinion of the other. The...

We study the role of hierarchical structures in a simple model of collective consensus formation based on the bounded confidence model with continuous individual opinions. For the particular variation of this model considered in this paper, we assume that a bias toward an extreme opinion is...