Related papers: Bayesian Updating Rules in Continuous Opinion Dyna…
We show that it can be suboptimal for Bayesian decision-making agents employing social learning to use correct prior probabilities as their initial beliefs. We consider sequential Bayesian binary hypothesis testing where each individual…
Models of continuous opinion dynamics under bounded confidence show a sharp transition between a consensus and a polarization phase at a critical global bound of confidence. In this paper, heterogeneous bounds of confidence are studied. The…
We propose an agent-based model of collective opinion formation to study the wisdom of crowds under social influence. The opinion of an agent is a continuous positive value, denoting its subjective answer to a factual question. The wisdom…
We study a dynamic model of Bayesian persuasion in sequential decision-making settings. An informed principal observes an external parameter of the world and advises an uninformed agent about actions to take over time. The agent takes…
There is a rich literature on microscopic models for opinion dynamics; most of them fall into one of two categories - agent-based models or differential equation models - with a general understanding that the two are connected in certain…
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…
We study a model of information aggregation and social learning recently proposed by Jadbabaie, Sandroni, and Tahbaz-Salehi, in which individual agents try to learn a correct state of the world by iteratively updating their beliefs using…
Networked multi-agent dynamical systems have been used to model how individual opinions evolve over time due to the opinions of other agents in the network. Particularly, such a model has been used to study how a planning agent can be used…
This paper introduces a model for opinion dynamics, where at each time step, randomly selected agents see their opinions - modeled as scalars in [0,1] - evolve depending on a local interaction function. In the classical Bounded Confidence…
We study the problem of an agent continuously faced with the decision of placing or not placing trust in an institution. The agent makes use of Bayesian learning in order to estimate the institution's true trustworthiness and makes the…
This paper will examine a model with many agents, each of whom has a different belief about the dynamics of a risky asset. The agents are Bayesian and so learn about the asset over time. All agents are assumed to have a finite (but random)…
We consider a model of binary opinion dynamics where one opinion is inherently 'superior' than the other and social agents exhibit a 'bias' towards the superior alternative. Specifically, it is assumed that an agent updates its choice to…
The massive amount of text data on the web has facilitated research on the quantitative analysis of public opinion, which could not be visualized earlier. In this paper, we propose a new opinion dynamics theory. This theory that is intended…
We investigate opinion dynamics in a fully-connected system, consisting of $n$ identical and anonymous agents, where one of the opinions (which is called correct) represents a piece of information to disseminate. In more detail, one source…
According to mass media theory, the dissemination of messages and the evolution of opinions in social networks follow a two-step process. First, opinion leaders receive the message from the message sources, and then they transmit their…
In this paper, we study the evolution of opinions over social networks with bounded confidence in social cliques. Node initial opinions are independently and identically distributed; at each time step, nodes review the average opinions of a…
Large language models (LLMs) are increasingly used as agents that interact with users and with the world. To do so successfully, LLMs must construct representations of the world and form probabilistic beliefs about them. To provide…
I propose a framework for an agent to change its probabilistic beliefs when a new piece of propositional information $\alpha$ is observed. Traditionally, belief change occurs by either a revision process or by an update process, depending…
In this work an opinion formation model with heterogeneous agents is proposed. Each agent is supposed to have different power of persuasion, and besides its own level of zealotry, that is, an individual willingness to being convinced by…
A continuous-opinion model accounting for the social compromise propensity is theoretically and numerically analysed. An agent's opinion is represented by a real number that can be changed through social interactions with her neighbours.…