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We introduce and solve a model that mimics the herding effect in financial markets when groups of agents share information. The number of agents in the model is growing and at each time step either (i) with probability $p$ an incoming agent…

Disordered Systems and Neural Networks · Physics 2009-11-07 G. J. Rodgers , Dafang Zheng

Many societies are organized in networks that are formed by people who meet and interact over time. In this paper, we present a first model to capture the micro-foundations of social networks evolution, where boundedly rational agents of…

Social and Information Networks · Computer Science 2015-08-17 Ahmed M. Alaa , Kartik Ahuja , Mihaela van der Schaar

In this paper, a new framework to study weighed networks is introduced. The idea behind this methodology is to consider that each node of the network is an agent that desires to satisfy his/her preferences in an economic sense. Moreover,…

Physics and Society · Physics 2009-11-11 Daniel O. Cajueiro

Many complex systems--from social and communication networks to biological networks and the Internet--are thought to exhibit scale-free structure. However, prevailing explanations rely on the constant addition of new nodes, an assumption…

Adaptation and Self-Organizing Systems · Physics 2022-11-10 Christopher W. Lynn , Caroline M. Holmes , Stephanie E. Palmer

We study a networked version of the minority game in which agents can choose to follow the choices made by a neighbouring agent in a social network. We show that for a wide variety of networks a leadership structure always emerges, with…

Physics and Society · Physics 2012-02-22 T. Clemson , T. S. Evans

A social system is considered whose agents choose between several alternatives of possible actions. The system is described by the fractions of agents preferring the corresponding alternatives. The agents interact with each other by…

Physics and Society · Physics 2022-05-27 V. I. Yukalov , E. P. Yukalova

In human societies, people's willingness to compete and strive for better social status as well as being envious of those perceived in some way superior lead to social structures that are intrinsically hierarchical. Here we propose an…

Multiagent Systems · Computer Science 2021-04-28 Jan E. Snellman , Gerardo Iñiguez , Tzipe Govezensky , Rafael A. Barrio , Kimmo K. Kaski

One of the best-known models in network science is preferential attachment. In this model, the probability of attaching to a node depends on the degree of all nodes in the population, and thus depends on global information. In many…

Physics and Society · Physics 2022-09-22 Watson Levens , Alex Szorkovszky , David J. T. Sumpter

We define a class of growing networks in which new nodes are given a spatial position and are connected to existing nodes with a probability mechanism favoring short distances and high degrees. The competition of preferential attachment and…

Probability · Mathematics 2015-03-18 Emmanuel Jacob , Peter Mörters

Various models have been recently proposed to reflect and predict different properties of complex networks. However, the community structure, which is one of the most important properties, is not well studied and modeled. In this paper, we…

Physics and Society · Physics 2019-02-05 Aleksandr Dorodnykh , Liudmila Ostroumova Prokhorenkova , Egor Samosvat

We introduce a new model of competition on growing networks. This extends the preferential attachment model, with the key property that node choices evolve simultaneously with the network. When a new node joins the network, it chooses…

Physics and Society · Physics 2016-10-05 Tonći Antunović , Elchanan Mossel , Miklos Z. Racz

Network models with preferential attachment, where new nodes are injected into the network and form links with existing nodes proportional to their current connectivity, have been well studied for some time. Extensions have been introduced…

Physics and Society · Physics 2013-06-26 James P. Bagrow , Dirk Brockmann

It is often observed that agents tend to imitate the behavior of their neighbors in a social network. This imitating behavior might lead to the strategic decision of adopting a public behavior that differs from what the agent believes is…

Computer Science and Game Theory · Computer Science 2015-10-02 Vincenzo Auletta , Ioannis Caragiannis , Diodato Ferraioli , Clemente Galdi , Giuseppe Persiano

Real complex systems are not rigidly structured; no clear rules or blueprints exist for their construction. Yet, amidst their apparent randomness, complex structural properties universally emerge. We propose that an important class of…

We present an agent-based model of microscopic wealth exchange in a dynamic network to study the topological features associated with economic inequality. The model evolves through two alternating processes, the conservative exchange of…

Physics and Society · Physics 2024-08-30 Gustavo Kohlrausch , Sebastián Gonçalves

Altruistic behaviour is disadvantageous for the individual while is advantageous for its group. If the target of the selection is the individual, one would expect the selection process to lead to populations formed by wholly homogeneous…

adap-org · Physics 2008-02-03 R. Donato , L. Peliti , M. Serva

Topology and weights are closely related in weighted complex networks and this is reflected in their modular structure. We present a simple network model where the weights are generated dynamically and they shape the developing topology. By…

Physics and Society · Physics 2008-01-30 J. M. Kumpula , J. -P. Onnela , J. Saramaki , K. Kaski , J. Kertesz

We study a recently proposed model in which an odd number of agents are competing to be in the minority. The agents have one strategy in hand which is to follow the most recent history. Each agent is also assigned a value p, which is the…

Condensed Matter · Physics 2009-10-31 P. M. Hui , T. S. Lo , N. F. Johnson

We model the dynamics of social structure by a simple interacting particle system. The social standing of an individual agent is represented by an integer-valued fitness that changes via two offsetting processes. When two agents interact…

Physics and Society · Physics 2007-05-23 E. Ben-Naim , F. Vazquez , S. Redner

We propose a set of conservative models in which agents exchange wealth with a preference in the choice of interacting agents in different ways. The common feature in all the models is that the temporary values of financial status of agents…

Physics and Society · Physics 2015-06-22 Sanchari Goswami , Parongama Sen
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