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We study the informational efficiency of a market with a single traded asset. The price initially differs from the fundamental value, about which the agents have noisy private information (which is, on average, correct). A fraction of traders revise their price expectations in each period. The...
Persistent link: https://www.econbiz.de/10008678251
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We study the informational efficiency of a market with a single traded asset. The price initially differs from the fundamental value, about which the agents have noisy private information (which is, on average, correct). A fraction of traders revise their price expectations in each period. The...
Persistent link: https://www.econbiz.de/10010576959
In this paper we define a new class of weighted complex networks sharing several properties with fractal sets, and whose topology can be completely analytically characterized in terms of the involved parameters and of the fractal dimension. General networks with fractal or hierarchical...
Persistent link: https://www.econbiz.de/10010873143
In this paper, first we present the experimental results about a small group of people exchanging private and public messages in a virtual community. Our goal is to study the cognitive network that emerges during a chat seance. We used the Derrida coefficient and the triangle structure under the...
Persistent link: https://www.econbiz.de/10011010841
We propose an opinion dynamics model that combines processes of vanity and opinion propagation. The interactions take place between randomly chosen pairs. During an interaction, the agents propagate their opinions about themselves and about other people they know. Moreover, each individual is...
Persistent link: https://www.econbiz.de/10010607332
Waiting time indicators are defined by measuring the time needed for a point x to approach a given point y. Our aim is to test the use of waiting time indicators, and quantitative recurrence ones to numerically estimate the local dimension of attractors in dynamical systems, as suggested by some...
Persistent link: https://www.econbiz.de/10010591578
In this paper, we show that the small world and weak ties phenomena can spontaneously emerge in a social network of interacting agents. This dynamics is simulated in the framework of a simplified model of opinion diffusion in an evolving social network where agents are made to interact, possibly...
Persistent link: https://www.econbiz.de/10008829634
We propose a preferential attachment model for network growth where new entering nodes have a partial information about the state of the network. Our main result is that the presence of bounded information modifies the degree distribution by introducing an exponential tail, while it preserves a...
Persistent link: https://www.econbiz.de/10011151007