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This paper investigates how similarity in the informational representation of market states among Artificial Intelligence (AI) trading agents can generate systemic instability in financial markets. We construct a structural multi-agent…

Trading and Market Microstructure · Quantitative Finance 2026-04-28 Yimeng Qiu , Qiwei Han

We introduce and analyze a voter-type model on a two-layer multiplex network, where the presence of a state on one layer acts as a catalyst or inhibitor to the propagation of that state on the other layer. Despite the model's simplicity,…

Adaptation and Self-Organizing Systems · Physics 2026-04-08 Christian Kluge , Christian Kuehn

The voter model is a classical interacting particle system, modelling how global consensus is formed by local imitation. We analyse the time to consensus for a particular family of voter models when the underlying structure is a scale-free…

Probability · Mathematics 2024-01-11 John Fernley

We introduce a statistical physics model for opinion dynamics on random networks where agents adopt the opinion held by the majority of their direct neighbors only if the fraction of these neighbors exceeds a certain threshold, p_u. We find…

Physics and Society · Physics 2009-11-13 Peter Klimek , Renaud Lambiotte , Stefan Thurner

We study a coevolving nonlinear voter model describing the coupled evolution of the states of the nodes and the network topology. Nonlinearity of the interaction is measured by a parameter q. The network topology changes by rewiring links…

Physics and Society · Physics 2017-10-10 Byungjoon Min , Maxi San Miguel

Individual choices are either based on personal experience or on information provided by peers. The latter case, causes individuals to conform to the majority in their neighborhood. Such herding behavior may be very efficient in aggregating…

Physics and Society · Physics 2009-11-11 Philippe Curty , Matteo Marsili

We introduce the heterogeneous voter model (HVM), in which each agent has its own intrinsic rate to change state, reflective of the heterogeneity of real people, and the partisan voter model (PVM), in which each agent has an innate and…

Physics and Society · Physics 2010-08-04 Naoki Masuda , N. Gibert , S. Redner

Consider an undirected graph G, representing a social network, where each node is blue or red, corresponding to positive or negative opinion on a topic. In the voter model, in discrete time rounds, each node picks a neighbour uniformly at…

Social and Information Networks · Computer Science 2025-06-03 Abhiram Manohara , Ahad N. Zehmakan

In the coevolution of network structures and opinion formation, we investigate the effects of a mixed population with distinctive relinking preferences on both the convergence time and the network structures. It has been found that a…

Physics and Society · Physics 2015-05-14 Li-Xin Zhong , Fei Ren , Tian Qiu , Jiang-Rong Xu , Bi-Hui Chen

The stochastic dynamics of the multi-state voter model is investigated on a class of complex networks made of non-overlapping cliques, each hosting a political candidate and interacting with the others via Erd\H{o}s-R\'enyi links. Numerical…

Physics and Society · Physics 2014-06-10 Filippo Palombi , Simona Toti

We study the pairwise bounded confidence model on scale-free networks where new agents regularly arrive over time. The probability that arriving agents form links to preexisting ones depends on both agent degree and opinion proximity. In…

Physics and Society · Physics 2025-07-01 David Hernandez , Guillaume Deffuant , Yerali Gandica

We study binary opinion dynamics in a fully connected network of interacting agents. The agents are assumed to interact according to one of the following rules: (1) Voter rule: An updating agent simply copies the opinion of another randomly…

Probability · Mathematics 2022-03-04 Arpan Mukhopadhyay , Ravi R. Mazumdar , Rahul Roy

In this paper, we investigate phase transitions in the Majority-Vote model coupled with noise layers of different structures. We examine the Square lattice and Random-regular networks, as well as their combinations, for both vote layers and…

Physics and Society · Physics 2024-10-10 Wei Liu , Jincheng Wang , Fangfang Wang , Kai Qi , Zengru Di

Temporal dynamics, characterised by time-varying degree heterogeneity and homophily effects, are often exhibited in many real-world networks. As observed in an MIT Social Evolution study, the in-degree and out-degree of the nodes show…

Methodology · Statistics 2025-07-29 Yuguo Chen , Lianqiang Qu , Jinfeng Xu , Ting Yan , Yunpeng Zhou

Unlike many complex networks studied in the literature, social networks rarely exhibit unanimous behavior, or consensus. This requires a development of mathematical models that are sufficiently simple to be examined and capture, at the same…

Systems and Control · Computer Science 2017-10-16 Sergey E. Parsegov , Anton V. Proskurnikov , Roberto Tempo , Noah E. Friedkin

Vaccination campaigns play a pivotal role in controlling infectious diseases. Their success, however, depends not only on vaccine efficacy and availability but also significantly on public opinion and the willingness of individuals to…

Physics and Society · Physics 2026-03-26 Anika Roy , Ujjwal Shekhar , Subrata Ghosh , Tomasz Kapitaniak , Chittaranjan Hens

Contagion effect refers to the causal effect of peers' behavior on the outcome of an individual in social networks. Contagion can be confounded due to latent homophily which makes contagion effect estimation very hard: nodes in a homophilic…

Machine Learning · Computer Science 2023-10-19 Zahra Fatemi , Elena Zheleva

Recently much attention has been paid to the study of the robustness of interdependent and multiplex networks and, in particular, networks of networks. The robustness of interdependent networks can be evaluated by the size of a mutually…

Statistical Mechanics · Physics 2015-06-18 Ginestra Bianconi , Sergey N. Dorogovtsev

We study the ordering dynamics of nonlinear voter models with multiple states, also providing a discussion of the two-state model. The rate with which an individual adopts an opinion scales as the $q$-th power of the number of the…

Physics and Society · Physics 2023-11-01 Lucía Soledad Ramirez , Federico Vazquez , Maxi San Miguel , Tobias Galla

Online social systems are multiplex in nature as multiple links may exist between the same two users across different social networks. In this work, we introduce a framework for studying links and interactions between users beyond the…

Social and Information Networks · Computer Science 2015-09-01 Desislava Hristova , Anastasios Noulas , Chloë Brown , Mirco Musolesi , Cecilia Mascolo