This paper investigates opinion dynamics and social in uence in directed communication networks. We study the theoretical properties of a boundedly rational model of opinion formation in which individuals aggregate the information they receive from their neighbors by using weights that are a...

How can minority cultures resist assimilation into a global monolith in an increasingly "small world"? Paradoxically, Axel rod found that local convergence can actually preserve global diversity if cultural influence is combined with homophily, the principle that "likes attract." However,...

We study how multiattribute product choices are affected by peer influence. We propose a two-stage conjoint-based approach to examine three behavioral mechanisms of peer influence. We find that when faced with information on peer choices, consumers update their attribute preferences in a...

This paper describes a simulation study of decision-making. It is based on a model of social influence in small, task-oriented, groups. A process model of dyadic social influence is built on top of a dynamic model of status and task participation that describes the emergence of a stable power...

This paper presents an experimental investigation of persuasion bias, a form of bounded rationality whereby agents communicating through a social network are unable to account for repetitions in the information they receive. We find that, after repeated communication within a social network,...

The aim of this paper is to analyse the effectivity of family policies in the context of different assumptions regarding the social structure of a society. We use an agent based simulation model to analyse the impact of family policies on individual fertility decisions and on cohort fertility,...