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In the present paper a model of a market consisting of real and financial interacting sectors is studied. Agents populating the stock market are assumed to be not able to observe the true underlying fundamental, and their beliefs are biased…

General Finance · Quantitative Finance 2018-06-13 Fausto Cavalli , Ahmad Naimzada , Nicolò Pecora , Marina Pireddu

We study pattern formation in the bounded confidence model of opinion dynamics. In this random process, opinion is quantified by a single variable. Two agents may interact and reach a fair compromise, but only if their difference of opinion…

Pattern Formation and Solitons · Physics 2015-11-06 E. Ben-Naim , A. Scheel

Opinion dynamics concerns social processes through which populations or groups of individuals agree or disagree on specific issues. As such, modelling opinion dynamics represents an important research area that has been progressively…

Physics and Society · Physics 2013-09-06 Alina Sîrbu , Vittorio Loreto , Vito D. P. Servedio , Francesca Tria

Confirmation bias and peer pressure both have substantial impacts on the formation of collective decisions. Nevertheless, few attempts have been made to study how the interplay between these two mechanisms affects public opinion evolution.…

Physics and Society · Physics 2020-12-22 Longzhao Liu , Xin Wang , Shaoting Tang , Zhiming Zheng

We describe a model for polarization in multi-agent systems based on Esteban and Ray's standard measure of polarization from economics. Agents evolve by updating their beliefs (opinions) based on an underlying influence graph, as in the…

Logic in Computer Science · Computer Science 2021-04-26 Mário S. Alvim , Bernardo Amorim , Sophia Knight , Santiago Quintero , Frank Valencia

We propose a stochastic model of opinion exchange in networks. A finite set of agents is organized in a fixed network structure. There is a binary state of the world and each agent receives a private signal on the state. We model beliefs as…

Theoretical Economics · Economics 2022-01-31 Emilien Macault

We propose a collective opinion formation model with a so-called confirmation bias. The confirmation bias is a psychological effect with which, in the context of opinion formation, an individual in favor of an opinion is prone to…

Physics and Society · Physics 2013-06-24 Ryosuke Nishi , Naoki Masuda

We propose and study a stochastic binary opinion model where agents in a group are considered to hold an opinion of 0 or 1 at each moment. An agent in the group updates his/her opinion based on the group's opinion configuration and his/her…

Physics and Society · Physics 2022-12-27 Serap Tay Stamoulas , Muruhan Rathinam

Our belief systems are shaped by social processes, such as observations and influence, and by cognitive processes, such as the drive for internal coherence. These processes steer how individual beliefs evolve and become connected. The…

Social and Information Networks · Computer Science 2026-04-22 Ozgur Can Seckin , Rachith Aiyappa , Madalina Vlasceanu , Filippo Menczer , Alessandro Flammini , Yong-Yeol Ahn

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 study an opinion dynamics model that explores the competition between persuasion and compromise in a population of agents with nearest-neighbor interactions on a two-dimensional square lattice. Each agent can hold either a positive or a…

Physics and Society · Physics 2019-12-03 Fátima Velásquez-Rojas , Federico Vazquez

Polarization is a well-documented phenomenon across a wide range of social issues. However, prevailing theories often compartmentalize the examination of herding behavior and opinion convergence within different contexts. In this study, we…

Theoretical Economics · Economics 2024-05-03 Ugo Bolletta , Paolo Pin

The formation of agents' opinions in a social system is the result of an intricate equilibrium among several driving forces. On the one hand, the social pressure exerted by peers favours the emergence of local consensus. On the other hand,…

Physics and Society · Physics 2017-04-18 Federico Battiston , Andrea Cairoli , Vincenzo Nicosia , Adrian Baule , Vito Latora

We describe a model for polarization in multi-agent systems based on Esteban and Ray's standard family of polarization measures from economics. Agents evolve by updating their beliefs (opinions) based on an underlying influence graph, as in…

Logic in Computer Science · Computer Science 2023-06-22 Mário S. Alvim , Bernardo Amorim , Sophia Knight , Santiago Quintero , Frank Valencia

Accurately simulating human opinion dynamics is crucial for understanding a variety of societal phenomena, including polarization and the spread of misinformation. However, the agent-based models (ABMs) commonly used for such simulations…

Networked multi-agent dynamical systems have been used to model how individual opinions evolve over time due to the opinions of other agents in the network. Particularly, such a model has been used to study how a planning agent can be used…

Social and Information Networks · Computer Science 2026-03-19 Sheryl Paul , Leslie Cruz Juarez , Jyotirmoy V. Deshmukh , Ketan Savla

The focus of this work is on designing influencing strategies to shape the collective opinion of a network of individuals. We consider a variant of the voter model where opinions evolve in one of two ways. In the absence of external…

Social and Information Networks · Computer Science 2020-02-04 Anmol Gupta , Sharayu Moharir , Neeraja Sahasrabudhe

A community of agents is subject to a stream of messages, which are represented as points on a plane of issues. Messages are sent by media and by agents themselves. Messages from media shape the public opinion. They are unbiased, i.e.…

Physics and Society · Physics 2017-11-28 Krzysztof Malarz , Krzysztof Kulakowski

We live in an age of information abundance but know little about how this influences our opinions or attitudes. A common expectation is that people consulting numerous pieces of information, well balancing the different sides of an issue,…

Physics and Society · Physics 2025-02-18 Guillaume Deffuant , Marijn A. Keijzer , Sven Banisch

We present a model describing the temporal evolution of opinions due to interactions among a network of individuals. This Accept-Shift-Constrict (ASC) model is formulated in terms of coupled nonlinear differential equations for opinions and…

Physics and Society · Physics 2020-04-09 Michael Gabbay