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A local culture denotes a commonly shared behaviour within a cluster of firms. Similar to social norms or conventions, it is an emergent feature resulting from the firms' interaction in an economic network. To model these dynamics, we…

Physics and Society · Physics 2009-04-07 Patrick Groeber , Frank Schweitzer , Kerstin Press

When communicating agents form opinions about a set of possible options, agreement and disagreement are both possible outcomes. Depending on the context, either can be desirable or undesirable. We show that for nonlinear opinion dynamics on…

Optimization and Control · Mathematics 2023-11-07 Anastasia Bizyaeva , Ayanna Matthews , Alessio Franci , Naomi Ehrich Leonard

Public opinion is subject to peer interaction via social networks and external pressure from the media, advertising, and other actors. In this paper, we study the interaction between external and peer influence on the stochastic opinion…

Physics and Society · Physics 2024-07-31 Niels Van Santen , Jan Ryckebusch , Luis E. C. Rocha

Polarization is a well-documented phenomenon across a wide range of social issues. However, prevailing theories often compartmentalize the examination of herding behavior and opinion convergence within different contexts. In this study, we…

Theoretical Economics · Economics 2024-05-03 Ugo Bolletta , Paolo Pin

We present a model that explores the influence of persuasion in a population of agents with positive and negative opinion orientations. The opinion of each agent is represented by an integer number $k$ that expresses its level of agreement…

Physics and Society · Physics 2014-05-30 C. E. La Rocca , L. A. Braunstein , F. Vazquez

Opinion diffusion is a crucial phenomenon in social networks, often underlying the way in which a collective of agents develops a consensus on relevant decisions. The voter model is a well-known theoretical model to study opinion spreading…

Multiagent Systems · Computer Science 2024-03-14 Luca Becchetti , Vincenzo Bonifaci , Emilio Cruciani , Francesco Pasquale

We develop a sequence of models describing information transmission and decision dynamics for a network of individual agents subject to multiple sources of influence. Our general framework is set in the context of an impending natural…

Physics and Society · Physics 2015-06-05 Danielle S. Bassett , David L. Alderson , Jean M. Carlson

We propose a modified Vicsek-like model to study influence dynamics and opinion formation in social networks. We work on the premise that opinions of members of a group may be considered to be analogous to the direction of motion of a…

Social and Information Networks · Computer Science 2018-09-03 Narayani Vedam , Debasish Ghose

We consider an opinion dynamics model where, during random pair interactions, each agent modifies her opinions about both agents of the random pair and also about some other agents, chosen randomly. Moreover, each agent belongs to a single…

Multiagent Systems · Computer Science 2023-01-25 Guillaume Deffuant , Thibaut Roubin

Recent advances in Large Language Models (LLMs) have enabled multi-agent systems that simulate real-world interactions with near-human reasoning. While previous studies have extensively examined biases related to protected attributes such…

Artificial Intelligence · Computer Science 2025-06-03 Min Choi , Keonwoo Kim , Sungwon Chae , Sangyeob Baek

The Internet has provided us with great opportunities for large scale collaborative public good projects. Wikipedia is a predominant example of such projects where conflicts emerge and get resolved through bottom-up mechanisms leading to…

Physics and Society · Physics 2017-06-30 Csilla Rudas , Olivér Surányi , Taha Yasseri , János Török

The opinion dynamics of economic agents is modeled with the link structure influenced by the resulting opinions: Links between people of nearly the same opinion are more stable than those between people of vastly different opinions. A…

Disordered Systems and Neural Networks · Physics 2007-05-23 Dietrich Stauffer , Martin Hohnisch , Sabine Pittnauer

The diffusion of opinions in Social Networks is a relevant process for adopting positions and attracting potential voters in political campaigns. Opinion polarization, bias, targeted diffusion, and the radicalization of postures are key…

Physics and Society · Physics 2022-01-10 Didier A. Vega-Oliveros , Helder L. C. Grande , Flavio Iannelli , Federico Vazquez

Social influence is the process by which individuals adapt their opinion, revise their beliefs, or change their behavior as a result of social interactions with other people. In our strongly interconnected society, social influence plays a…

Physics and Society · Physics 2013-11-15 Mehdi Moussaid , Juliane E. Kaemmer , Pantelis P. Analytis , Hansjoerg Neth

Models of the convergence of opinion in social systems have been the subject of a considerable amount of recent attention in the physics literature. These models divide into two classes, those in which individuals form their beliefs based…

Physics and Society · Physics 2007-05-23 Petter Holme , M. E. J. Newman

Opinions and beliefs determine the evolution of social systems. This is of particular interest in finance, as the increasing complexity of financial systems is coupled with information overload. Opinion formation, therefore, is not always…

General Finance · Quantitative Finance 2014-08-05 Marco D'Errico , Gulnur Muradoglu , Silvana Stefani , Giovanni Zambruno

This study considers a variant of the bounded confidence opinion formation model wherein the probability of opinion assimilation is dependent on the relative similarity of opinions. Agents are located on a social network and decide whether…

Physics and Society · Physics 2023-06-14 Hirofumi Takesue

Opinion dynamics have fascinated researchers for centuries. The ability of societies to learn as well as the emergence of irrational {\it herding} are equally evident. The simplest example is that of agents that have to determine a binary…

Social and Information Networks · Computer Science 2017-04-07 Amir Leshem , Anna Scaglione

The effects of interpersonal interactions on individual's agreements result in a social aggregation process which is reflected in the formation of collective states, as for instance, groups of individuals with a similar opinion about a…

Physics and Society · Physics 2017-02-08 Pablo Balenzuela , Juan Pablo Pinasco , Viktoriya Semeshenko

We provide an agent-based model to explain the emergence of collective opinions not based on feedback between different opinions, but based on emotional interactions between agents. The driving variable is the emotional state of agents,…

Physics and Society · Physics 2019-09-02 Frank Schweitzer , Tamas Krivachy , David Garcia