Interacting Agents and Continuous Opinions Dynamics
We present a model of opinion dynamics in which agents adjust continuous opinions as a result of random binary encoun ters whenever their difference in opinion is below a given threshold. High thresholds yield convergence of opinions towards an average opinion, whereas low thresholds result in several opinion clusters. The model is further generalized to network interactions, threshold heterogeneity, adaptive thresholds and binary strings of opinions.
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|Date of creation:||Nov 2001|
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Web page: http://www.santafe.edu/sfi/publications/working-papers.html
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- Cohen, Joel E. & Hajnal, John & Newman, Charles M., 1986. "Approaching consensus can be delicate when positions harden," Stochastic Processes and their Applications, Elsevier, vol. 22(2), pages 315-322, July.
- Follmer, Hans, 1974. "Random economies with many interacting agents," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 51-62, March.
- Orlean, Andre, 1995. "Bayesian interactions and collective dynamics of opinion: Herd behavior and mimetic contagion," Journal of Economic Behavior & Organization, Elsevier, vol. 28(2), pages 257-274, October.
- H. Peyton Young & Mary A. Burke, 2001. "Competition and Custom in Economic Contracts: A Case Study of Illinois Agriculture," American Economic Review, American Economic Association, vol. 91(3), pages 559-573, June.
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