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Economic unions are international agreements oriented to increase economic efficiency and establishing political and cultural ties between the member countries. Becoming a member of an existing union usually requires the approval of both…

Physics and Society · Physics 2022-06-08 Carlos Gracia-Lázaro , Fabio Dercole , Yamir Moreno

Modelling efforts in opinion dynamics have to a large extent ignored that opinion exchange between individuals can also have an effect on how willing they are to express their opinion publicly. Here, we introduce a model of public opinion…

Physics and Society · Physics 2020-10-14 Felix Gaisbauer , Eckehard Olbrich , Sven Banisch

Kinetic exchange models have been successful in explaining the shape of the income/wealth distribution in the economies. However, such models usually make some ad-hoc assumptions when it comes to determining the savings factor. Here, we…

Trading and Market Microstructure · Quantitative Finance 2010-06-28 Anindya S. Chakrabarti

We propose a minimal model for the collective dynamics of opinion formation in the society, by modifying kinetic exchange dynamics studied in the context of income, money or wealth distributions in a society. This model has an intriguing…

Physics and Society · Physics 2010-10-27 Mehdi Lallouache , Anirban Chakraborti , Bikas K. Chakrabarti

We investigate a dynamical model of opinion formation in which an individual's opinion is influenced by interactions with a group of other agents. We introduce a bias towards one of the opinions in a manner not considered earlier to the…

Physics and Society · Physics 2024-09-17 Pratik Mullick , Parongama Sen

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

We investigate mean-field dynamics of a nonlinear opinion formation model with congregator and contrarian agents. Each agent assumes one of the two possible states. Congregators imitate the state of other agents with a rate that increases…

Physics and Society · Physics 2013-12-25 Shoma Tanabe , Naoki Masuda

We present an introduction to a novel model of an individual and group opinion dynamics, taking into account different ways in which different sources of information are filtered due to cognitive biases. The agent based model, using…

Physics and Society · Physics 2017-03-07 Pawel Sobkowicz

We embed the behaviour of tax evasion into the standard two-dimensional Ising model. In the presence of an external magnetic field, the Ising model is able to generate the empirically observed effect of tax morale, i.e. the phenomenon that…

Physics and Society · Physics 2008-06-03 G. Zaklan , F. W. S. Lima , F. Westerhoff

We propose a simple model that describes the dynamics of efficiencies of competing agents. Agents communicate leading to increase of efficiencies of underachievers, and an efficiency of each agent can increase or decrease irrespectively of…

Statistical Mechanics · Physics 2009-10-31 S. N. Majumdar , P. L. Krapivsky

This paper introduces a class of non-linear and continuous-time opinion dynamics model with additive noise and state dependent interaction rates between agents. The model features interaction rates which are proportional to a negative power…

Probability · Mathematics 2020-12-15 Jae Oh Woo , François Baccelli , Sriram Vishwanath

We propose a kinetic model to describe the dynamical evolution of wealth and knowledge in national and global markets, starting from a microscopic description of individual interactions. The model is built upon interaction rules that…

Physics and Society · Physics 2026-02-24 Marzia Bisi , Martina Conte , Maria Groppi

We develop a mathematical model to describe the persistence of rule-breaking behaviors in societies, such as traffic violations, disregard for legal restrictions and other forms of noncompliance. Using a replicator-type dynamics with…

Physics and Society · Physics 2026-05-27 Nuno Crokidakis

We introduce the confident voter model, in which each voter can be in one of two opinions and can additionally have two levels of commitment to an opinion --- confident and unsure. Upon interacting with an agent of a different opinion, a…

Physics and Society · Physics 2015-03-19 D. Volovik , S. Redner

A class of heterogeneous agent models is investigated where investors switch trading position whenever their motivation to do so exceeds some critical threshold. These motivations can be psychological in nature or reflect behaviour…

Computational Physics · Physics 2009-11-13 R. Cross , M. Grinfeld , H. Lamba , T. Seaman

We introduce a three-state model to study the effects of a neutral party on opinion spreading, in which the tendency of agents to agree with their neighbors can be tuned to favor either the neutral party or two oppositely polarized parties,…

Statistical Mechanics · Physics 2022-10-07 Irene Ferri , Albert Díaz-Guilera , Matteo Palassini

Considerable effort using techniques developed in statistical physics has been aimed at numerical simulations of agent-based opinion models and analysis of their results. Such work has elucidated how various rules for interacting agents can…

Physics and Society · Physics 2019-08-06 Moorad Alexanian , Dylan McNamara

People often express opinions that differ from their privately held views, a phenomenon known in economy as preference falsification. Expressed-private opinion (EPO) models capture this by assigning each agent two dynamical variables: a…

Physics and Society · Physics 2026-05-15 Barbara Kamińska , Barbara Nowak , Arkadiusz Lipiecki , Katarzyna Sznajd-Weron

We study a nonlinear dynamics of binary opinions in a population of agents connected by a directed network, influenced by two competing forces. On the one hand, agents are stubborn, i.e., have a tendency for one of the two opinions; on the…

Social and Information Networks · Computer Science 2025-11-13 Federico Capannoli , Emilio Cruciani , Hlafo Alfie Mimun , Matteo Quattropani

Opinion formation models typically represent each individual as a single variable. However, in practice each individual holds interconnected beliefs whose internal organization may influence collective outcomes. To explore this dependence,…

Physics and Society · Physics 2026-05-21 Irene Ferri , Albert Díaz-Guilera , Hiroki Sayama
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