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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

Numerous models in opinion dynamics focus on the temporal dynamics within a single electoral unit (e.g., country). The empirical observations, on the other hand, are often made across multiple electoral units (e.g., polling stations) at a…

Physics and Society · Physics 2019-10-11 Aleksejus Kononovicius

In the age of information abundance, attention is a coveted resource. Social media platforms vigorously compete for users' engagement, influencing the evolution of their opinions on a variety of topics. With recommendation algorithms often…

Physics and Society · Physics 2023-10-30 Andrea Somazzi , Giuseppe Maria Ferro , Diego Garlaschelli , Simon Asher Levin

Belief perseverance is the widely documented tendency of holding to a belief, even in the presence of contradicting evidence. In online environments, this tendency leads to heated arguments with users ``blocking'' each other. Introducing…

Physics and Society · Physics 2025-01-20 André Martin Timpanaro

We study a model for social influence in which the agents' opinion is a continuous variable [G. Weisbuch et al., Complexity \textbf{7}, 2, 55 (2002)]. The convergent opinion adjustment process takes place as a result of random binary…

Statistical Mechanics · Physics 2007-05-23 M. F. Laguna , Guillermo Abramson , Damian H. Zanette

A new model for the dynamics of opinion formation is proposed and analysed at the mean-field level. It can be regarded as a generalization of the noisy voter model in which agents update their binary states by copying others and by an…

Statistical Mechanics · Physics 2024-10-29 Miguel Aguilar-Janita , Andres Blanco-Alonso , Nagi Khalil

In this paper, we discuss a voting model by considering three different kinds of networks: a random graph, the Barab\'{a}si-Albert(BA) model, and a fitness model. A voting model represents the way in which public perceptions are conveyed to…

Physics and Society · Physics 2016-03-23 Masato Hisakado , Shintaro Mori

In this work we study a continuous opinion dynamics model considering 3-agent interactions and group pressure. Agents interact in a fully-connected population, and two parameters govern the dynamics: the agents' convictions $\lambda$, that…

Physics and Society · Physics 2020-05-26 Nuno Crokidakis

We study a stochastic model for the coevolution of a process of opinion formation in a population of agents and the network which underlies their interaction. Interaction links can break when agents fail to reach an opinion agreement. The…

Statistical Mechanics · Physics 2009-11-11 Santiago Gil , Damian H. Zanette

Consider n individuals who, by popular vote, choose among q >= 2 alternatives, one of which is "better" than the others. Assume that each individual votes independently at random, and that the probability of voting for the better…

Statistics Theory · Mathematics 2014-11-25 Elchanan Mossel , Joe Neeman , Omer Tamuz

Recent years saw an increased interest in modeling and understanding the mechanisms of opinion and innovation spread through human networks. Using analysis of real-world social data, researchers are able to gain a better understanding of…

Social and Information Networks · Computer Science 2016-03-29 Ajay Saini , Natasha Markuzon

Social groups with widely different music tastes, political convictions, and religious beliefs emerge and disappear on scales from extreme subcultures to mainstream mass-cultures. Both the underlying social structure and the formation of…

Physics and Society · Physics 2007-11-12 M. Rosvall , K. Sneppen

We introduce a new, and quite general variational model for opinion dynamics based on pairwise interaction potentials and a range of opinion evolution protocols ranging from random interactions to global synchronous flows in the opinion…

Physics and Society · Physics 2018-11-20 Hossein Noorazar , Matthew J. Sottile , Kevin R. Vixie

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…

Social and Information Networks · Computer Science 2023-09-12 Huisheng Wang , Yuejiang Li , Yiqing Lin , H. Vicky Zhao

The widespread emergence of opinion polarization is often attributed to the rise of social media and the internet, which can promote selective exposure and the formation of echo chambers. However, experimental evidence shows that exposure…

In order to truly understand how social media might shape online discourses or contribute to societal polarization, we need refined models of platform choice, that is: models that help us understand why users prefer one social media…

Adaptation and Self-Organizing Systems · Physics 2024-11-08 Sven Banisch , Dennis Jacob , Tom Willaert , Eckehard Olbrich

A current paradigm in computer simulation studies of social sciences problems by physicists is the emergence of consensus. The question is to establish when the dynamics of a set of interacting agents that can choose among several options…

Physics and Society · Physics 2007-09-25 Maxi San Miguel , Víctor M. Eguíluz , Raúl Toral , Konstantin Klemm

Opinion dynamics on networks has wide applications to empirical and engineered systems and profound prospects in the general study of complex systems. Many efforts have been devoted to understanding how opinion dynamics is affected by…

Physics and Society · Physics 2019-04-12 Mingwu Li , Harry Dankowicz

In this work, we focus on strategies to influence the opinion dynamics of a well-connected society. We propose a generalization of the popular voter model. This variant of the voter model can capture a wide range of individuals including…

Social and Information Networks · Computer Science 2020-02-17 Arunabh Saxena , Bhumesh Kumar , Anmol Gupta , Neeraja Sahasrabudhe , Sharayu Moharir

The voter model has been studied extensively as a paradigmatic opinion dynamics' model. However, its ability for modeling real opinion dynamics has not been addressed. We introduce a noisy voter model (accounting for social influence) with…