Buechel, Berno; Hellmann, Tim; Klößner, Stefan - In: Journal of Economic Dynamics and Control 52 (2015) C, pp. 240-257
We study a dynamic model of opinion formation in social networks. In our model, boundedly rational agents update opinions by averaging over their neighbors’ expressed opinions, but may misrepresent their own opinion by conforming or counter-conforming with their neighbors. We show that an...