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This paper develops a dynamic equilibrium model where agents exhibit a strong form of belief heterogeneity: they disagree about zero probability events. It is shown that, somewhat surprisingly, equilibrium exists in this setting, and that…

General Finance · Quantitative Finance 2013-06-24 Martin Larsson

Models of opinion dynamics aim to capture how individuals' opinions change when they interact with each other. One well-known model of opinion dynamics is the Deffuant--Weisbuch (DW) model, which is a type of bounded-confidence model (BCM).…

Physics and Society · Physics 2026-05-25 Leila Thompsky , Yuexuan Yolanda Wu , Mason A. Porter , Jiajie Luo

A fundamental challenge in opinion dynamics research is the scarcity of real-world longitudinal opinion data, which complicates the validation of theoretical models. To address this, we propose a novel simulation framework using large…

Computer Science and Game Theory · Computer Science 2026-02-16 Yulong He , Dutao Zhang , Sergey Kovalchuk , Pengyi Li , Artem Sedakov

This paper examines the interplay of opinion exchange dynamics and communication network formation. An opinion formation procedure is introduced which is based on an abstract representation of opinions as $k$--dimensional bit--strings.…

Adaptation and Self-Organizing Systems · Physics 2014-10-24 S. Banisch , T. Araújo , J. Louçã

Information-communication technology promotes collaborative environments like Wikipedia where, however, controversiality and conflicts can appear. To describe the rise, persistence, and resolution of such conflicts we devise an extended…

Physics and Society · Physics 2023-01-05 János Török , Gerardo Iñiguez , Taha Yasseri , Maxi San Miguel , Kimmo Kaski , János Kertész

In this paper we study the problem of information sharing among rational self-interested agents as a dynamic game of asymmetric information. We assume that the agents imperfectly observe a Markov chain and they are called to decide whether…

Computer Science and Game Theory · Computer Science 2021-03-30 Konstantinos Ntemos , George Pikramenos , Nicholas Kalouptsidis

In some social networks, the opinion forming is based on its own and neighbors' (initial) opinions, whereas the evolution of the individual opinions is also influenced by the individual's past opinions in the real world. Unlike existing…

Physics and Society · Physics 2021-08-10 Qingsong Liu , Li Chai

Opinion polarization is a ubiquitous phenomenon in opinion dynamics. In contrast to the traditional consensus oriented group decision making (GDM) framework, this paper proposes a framework with the co-evolution of both opinions and…

Social and Information Networks · Computer Science 2017-05-18 Qingxing Dong , Xin Zhou

I develop a rather simple agent-based model to capture a co-evolution of opinion formation, political decision making and economic outcomes. I use this model to study how societies form opinions if their members have opposing interests.…

General Economics · Economics 2021-11-19 Patrick Mellacher

The weighted median mechanism provides a robust alternative to weighted averaging in opinion dynamics. Existing models, however, are predominantly formulated on pairwise interaction graphs, which limits their ability to represent…

Systems and Control · Electrical Eng. & Systems 2026-01-13 Lingrui Chen , Xu Zhang , Fanpeng Song , Fang Wang , Cunquan Qu , Zhixin Liu

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

Frequently we revise our first opinions after talking over with other individuals because we get convinced. Argumentation is a verbal and social process aimed at convincing. It includes conversation and persuasion. In this case, the…

Physics and Society · Physics 2017-04-26 Juan Pablo Pinasco , Viktoriya Semeshenko , Pablo Balenzuela

In traditional voter models, opinion dynamics are driven by interactions between individuals, where an individual adopts the opinion of a randomly chosen neighbor. However, these models often fail to capture the emergence of entirely new…

Physics and Society · Physics 2025-10-27 Jeehye Choi , Byungjoon Min , Tobias Galla

Opinion dynamics of random-walking agents on finite two-dimensional lattices is studied. In the model, the opinion is continuous, and both the lattice and the opinion can be either periodic or non-periodic. At each time step, all agents…

Physics and Society · Physics 2012-04-27 Suhan Ree

The constrained voter model describes the dynamics of opinions in a population of individuals located on a connected graph. Each agent is characterized by her opinion, where the set of opinions is represented by a finite sequence of…

Probability · Mathematics 2013-10-02 Nicolas Lanchier , Stylianos Scarlatos

We consider the Hegselmann-Krause model for opinion dynamics and study the evolution of the system under various settings. We first analyze the termination time of the synchronous Hegselmann-Krause dynamics in arbitrary finite dimensions…

Computer Science and Game Theory · Computer Science 2016-11-17 Seyed Rasoul Etesami , Tamer Basar

It has been observed people tend to have opinions that are far more internally consistent than it would be reasonable to expect. Here, we study how that observation might emerge from changing how agents trust the opinions of their peers in…

Physics and Society · Physics 2020-07-15 Marcelo V. Maciel , André C. R. Martins

In models of opinion dynamics, agents interact with each other and can change their opinions as a result of those interactions. One type of opinion model is a bounded-confidence model (BCM), in which opinions take continuous values and…

Physics and Society · Physics 2025-10-27 Weiqi Chu , Mason A Porter

People's opinions change with time as they interact with each other. In a bounded-confidence model (BCM) of opinion dynamics, individuals (which are represented by the nodes of a network) have continuous-valued opinions and are influenced…

Social and Information Networks · Computer Science 2024-07-30 Grace J. Li , Jiajie Luo , Mason A. Porter

A general model of opinion dynamics is introduced in which each individual's opinion is measured on a bounded continuous spectrum. Each opinion is influenced heterogeneously by every other opinion in the population. It is demonstrated that…

Physics and Society · Physics 2021-10-22 Joseph William Baron