Hits and Flops Dynamics
We discuss the influence of various mechanisms of information contagion on the dynamics of choices in social networks of decision makers. We show that both polling and contagion processes often end up in herding behaviour, with most agents taking uniformly either one view or the other, even in disordered systems. In the parameter transition regime, the outcome of the dynamical process depends on the precise instanciation of disorder. For instance, when agents face a ternary choice between similar products A and B with the possibility of taking none, the initial distribution of early buyers drastically influences the outcome of the selection process.
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Jul 2000|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.santafe.edu/sfi/publications/working-papers.html
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wop:safiwp:00-07-036. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.