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The novelty of our model is to combine models of collective action on networks with models of social learning. Agents …
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diffusion. We discuss some highlights from the empirical literature on the impact of networks on behaviors and diffusion. We …We provide an overview and synthesis of the literature on how social networks influence behaviors, with a focus on … behaviors, modeled via games on networks. …
Persistent link: https://www.econbiz.de/10014025689
In this chapter, I provide an overview of research on social networks and their role in shaping behavior and economic … outcomes. I include discussion of empirical and theoretical analyses of the role of social networks in markets and exchange …, learning and diffusion, and network games. I also include some background on social network characteristics and measurements …
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I show how irrational ideas and rumors can drive asset prices - not because anyone believes them, but because they are commonly known without being common knowledge. The phenomenon is driven by short-term market participants who are well-informed about the information that others have, and who...
Persistent link: https://www.econbiz.de/10012304729
We consider a two-dimensional model of three species in rock-paper-scissors competition and study the self-organisation of the population into fascinating spiraling patterns. Within our individual-based metapopulation formulation, the population composition changes due to cyclic dominance...
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