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A well known and established model in communication policy in sociology and marketing is that of opinion leadership …. Opinion leaders are actors in a society who are able to affect the behavior of other members called followers. Hence, opinion … effect of different opinion leader-follower structures in markets or other collective decision-making situations in a society …
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This paper formalizes the idea that more hedging instruments may destabilize markets when traders are heterogeneous and adapt their behavior according to experience based reinforcement learning. We investigate three different economic settings, a simple mean-variance asset pricing model, a...
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A well-known model in sociology and marketing is that of opinion leadership. Opinion leaders are actors who are able to … affect the behavior of their followers. Hence, opinion leaders have some power over their followers, and they can exercise … this power by influencing their followers choice of action. We study a two-action model for a society with opinion leaders …
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