Related papers: Decision making dynamics in corporate boards

Boards of large corporations sharing some of their directors are connected in complex networks. Boards are responsible for corporations' long-term strategy and are often involved in decisions about a common topic related to the belief in…

Traded corporations are required by law to have a majority of outside directors on their board. This requirement allows the existence of directors who sit on the board of two or more corporations at the same time, generating what is…

The outcomes of democratic elections rest on individuals' decision-making that is driven by their varying preferences and beliefs. Individuals may prefer consensus to gridlock, or gridlock to consensus, and information may be fractured via…

Diversity in leadership positions, including corporate boards, is an important aspect of equality. It is important because it is the key to better decision-making and innovation, and above all, it paves the way for future generations to…

Corporations across the world are highly interconnected in a large global network of corporate control. This paper investigates the global board interlock network, covering 400,000 firms linked through 1,700,000 edges representing shared…

We study the evolution of cooperation in public goods games on different regular graphs as a function of the noise level underlying strategy adoptions. We focus on the effects that are brought about by different group sizes of public goods…

Social networks play an important role in analyzing the impact of individual-level interactions on societal or economic outcomes. We model interactive decision making for a community of individuals with different traits, represented by a…

We construct and analyze a random graph model for discrete choice with social interaction and several groups of equal size. We concentrate on the case of two groups of equal sizes and we allow the interaction strength within a group to…

Group decisions involve the combination of evidence accumulation by individual members and direct member-to-member interactions. We consider a simplified framework of two deciders, each undergoing a two alternative forced choice task, with…

Consensus decision-making in social groups strongly depends on communication links that determine to whom individuals send, and from whom they receive, information. Here, we ask how consensus decisions are affected by strategic updating of…

The ability of groups to make accurate collective decisions depends on a complex interplay of various factors, such as prior information, biases, social influence, and the structure of the interaction network. Here, we investigate a spin…

This paper proposes an approach for comparing interlocked board networks over time to test for statistically significant change. In addition to contributing to the conversation about whether the Mizruchi hypothesis (that a disintegration of…

Natural, social, and artificial multi-agent systems usually operate in dynamic environments, where the ability to respond to changing circumstances is a crucial feature. An effective collective response requires suitable information…

A broad range of dynamical systems involve multi-body interactions, or group interactions, which may not be encoded in traditional graphical structures. In this work, we focus on a canonical example from opinion dynamics, the Majority Rule,…

In this work we consider a collective decision-making process in a network of agents described by a nonlinear interconnected dynamical model with sigmoidal nonlinearities and signed interaction graph. The decisions are encoded in the…

Understanding how group interactions influence opinion dynamics is fundamental to the study of collective behavior. In this work, we propose and study a model of opinion dynamics on $d$-uniform hypergraphs, where individuals interact…

It is widely believed that one's peers influence product adoption behaviors. This relationship has been linked to the number of signals a decision-maker receives in a social network. But it is unclear if these same principles hold when the…

Opinion dynamics of a group of individuals is the change in the members' opinions through mutual interaction with each other. The related literature contains works in which the dynamics is modeled as a continuous system, of which behavioral…

The dynamics of many socioeconomic systems is determined by the decision making process of agents. The decision process depends on agent's characteristics, such as preferences, risk aversion, behavioral biases, etc.. In addition, in some…

We investigate a social system of agents faced with a binary choice. We assume there is a correct, or beneficial, outcome of this choice. Furthermore, we assume agents are influenced by others in making their decision, and that the agents…