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Complex Behaviours in Binary Choice Model with Global or Local Social Influence

In: Advances in Artificial Economics

Author

Listed:
  • Denis Phan

    (University of Rennes 1)

  • Stéphane Pajot

    (University of Rennes 1)

Abstract

This paper illustrates the effects of global or local social influences upon binary choice. Analytical results are summarized and an ACE (Agent based Computational Economics) approach is used to investigate the corresponding mechanisms of interdependence in the case of a coordination problem and finite size effects.

Suggested Citation

  • Denis Phan & Stéphane Pajot, 2006. "Complex Behaviours in Binary Choice Model with Global or Local Social Influence," Lecture Notes in Economics and Mathematical Systems, in: Charlotte Bruun (ed.), Advances in Artificial Economics, chapter 15, pages 203-219, Springer.
    • Handle: RePEc:spr:lnechp:978-3-540-37249-3_15
    DOI: 10.1007/3-540-37249-0_15
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    Cited by:

    1. Kindler, A. & Solomon, S. & Stauffer, D., 2013. "Peer-to-peer and mass communication effect on opinion shifts," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(4), pages 785-796.

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