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This study develops and analyzes an optimization model of smart contract adoption under bounded risk, linking structural theory with simulation and real-world validation. We examine how adoption intensity alpha is structurally pinned at a…

General Finance · Quantitative Finance 2025-10-09 Jinho Cha , Long Pham , Thi Le Hoa Vo , Jaeyoung Cho , Jaejin Lee

The collective behaviour of people adopting an innovation, product or online service is commonly interpreted as a spreading phenomenon throughout the fabric of society. This process is arguably driven by social influence, social learning…

Physics and Society · Physics 2017-06-30 Gerardo Iñiguez , Zhongyuan Ruan , Kimmo Kaski , János Kertész , Márton Karsai

Technology adoption research aims to determine the reasons why and how individuals, corporations, and industries start using new technology. Furthermore, technology adoption itself is decomposed into underlying sub-processes which are…

Applications · Statistics 2023-03-21 Vahidin Jeleskovic , David Alexander Behrens , Wolfgang Karl Härdle

The 2008 financial crisis exposed fundamental vulnerabilities in interconnected banking systems, yet existing frameworks fail to integrate spatial propagation with network contagion mechanisms. This paper develops a unified spatial-network…

Risk Management · Quantitative Finance 2025-11-13 Tatsuru Kikuchi

A fundamental feature for understanding the diffusion of innovations through a social group is the manner in which we are influenced by our own social interactions. It is usually assumed that only direct interactions, those that form our…

Physics and Society · Physics 2024-07-08 Manuel Miranda , María Pereda , Angel Sánchez , Ernesto Estrada

Due to the emergence of new technologies, the whole electricity system is undergoing transformations on a scale and pace never observed before. The decentralization of energy resources and the smart grid have forced utility services to…

Physics and Society · Physics 2020-02-04 Iacopo Iacopini , Benjamin Schäfer , Elsa Arcaute , Christian Beck , Vito Latora

Social networks play a fundamental role in the diffusion of innovation through peers' influence on adoption. Thus, network position including a wide range of network centrality measures have been used to describe individuals' affinity to…

Social and Information Networks · Computer Science 2022-10-26 Balázs R. Sziklai , Balázs Lengyel

Social identities are among the key factors driving behavior in complex societies. Signals of social identity are known to influence individual behaviors in the adoption of innovations. Yet the population-level consequences of identity…

Physics and Society · Physics 2016-07-25 Paul E. Smaldino , Marco A. Janssen , Vicken Hillis , Jenna Bednar

Motivation: The question of what combination of attributes drives the adoption of a particular software technology is critical to developers. It determines both those technologies that receive wide support from the community and those which…

Software Engineering · Computer Science 2019-09-05 Yuxing Ma , Audris Mockus , Beth Milhollin , Russel Zaretzki , Randy Bradley , Bogdan Bichescu

This study investigates whether demographic factors shape adoption and attitudes among employees toward artificial intelligence (AI) technologies at work. Building on an extended Unified Theory of Acceptance and Use of Technology (UTAUT),…

Computers and Society · Computer Science 2025-10-20 Diana Wolfe , Matt Price , Alice Choe , Fergus Kidd , Hannah Wagner

In this paper, the adoption patterns of Generative Artificial Intelligence (AI) tools within software engineering are investigated. Influencing factors at the individual, technological, and societal levels are analyzed using a mixed-methods…

Software Engineering · Computer Science 2024-01-05 Daniel Russo

Adoption of innovations, products or online services is commonly interpreted as a spreading process driven to large extent by social influence and conditioned by the needs and capacities of individuals. To model this process one usually…

Physics and Society · Physics 2021-04-28 Márton Karsai , Gerardo Iñiguez , Riivo Kikas , Kimmo Kaski , János Kertész

Adoption of cultural innovation (e.g., music, beliefs, language) is often geographically correlated, with adopters largely residing within the boundaries of relatively few well-studied, socially significant areas. These cultural regions are…

Social and Information Networks · Computer Science 2022-02-11 Aparna Ananthasubramaniam , David Jurgens , Daniel M. Romero

Socio-economic networks, from cities and firms to collaborative projects, often appear resilient for long periods before experiencing rapid, cascading decline as participation erodes. We explain such dynamics through a framework of…

Physics and Society · Physics 2026-05-25 Sandro Claudio Lera , Andreas Haupt

One of the most defining features of the global financial network is its inherent complex and intertwined structure. From the perspective of systemic risk it is important to understand the influence of this network structure on default…

Risk Management · Quantitative Finance 2019-12-11 Nils Detering , Thilo Meyer-Brandis , Konstantinos Panagiotou , Daniel Ritter

Acceptance of an innovation can occur through mutliple exposures to individuals who have already accepted it. Presented here is a model to trace the evolution of an innovation in a social network with a preference $\lambda$, amidst…

Physics and Society · Physics 2014-08-22 Varsha S. Kulkarni

Diffusion of innovation can be interpreted as a social spreading phenomena governed by the impact of media and social interactions. Although these mechanisms have been identified by quantitative theories, their role and relative importance…

Physics and Society · Physics 2014-10-24 Márton Karsai , Gerardo Iñiguez , Kimmo Kaski , János Kertész

Spreading (diffusion) of innovations is a stochastic process on social networks. When the key driving mechanism is peer effects (word of mouth), the rate at which the aggregate adoption level increases with time depends strongly on the…

Probability · Mathematics 2023-12-12 Gadi Fibich , Tomer Levin

This paper develops a continuous functional framework for analyzing contagion dynamics in financial networks, extending the Navier-Stokes-based approach to network-structured spatial processes. We model financial distress propagation as a…

Econometrics · Economics 2025-10-28 Tatsuru Kikuchi

How will Decentralized Finance transform financial services? Using New Institutional Economics and Dynamic Capabilities Theory, I analyse survey data from 109 experts using non-parametric methods. Experts span traditional finance, DeFi…

General Finance · Quantitative Finance 2025-07-29 Daniel Liebau