Skip to main content
SpringerLink
Log in
Book cover

Advances in Artificial Economics pp 203–219Cite as

Complex Behaviours in Binary Choice Model with Global or Local Social Influence

  • Chapter

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 584))

Abstract

This paper illustrates the effects of global or local social influences upon binary choice. Analytical results are summarized and an ACE (Agent based Computational Economics) approach is used to investigate the corresponding mechanisms of interdependence in the case of a coordination problem and finite size effects.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Becker G.R. (1974) A Theory of Social Interactions, Journal of Political Economy, 82(6) pp. 1063–1093

    Article  Google Scholar 

  2. Blume L.E. (1997) Population games in Durlauf, Lane, (eds.) The Economy as an Evolving Complex System II, Santa Fe Institute Studies in the Sciences of Complexity, Vol.XXVII, Addison-Wesley Arthur et al. (eds.) op cit. pp. 425–460

    Google Scholar 

  3. Blume L.E., Durlauf S.N., (2001) The Interaction-Based Approach to Socioeconomic Behavior, in Young P., (eds) Social dynamics, MIT Press, Cambridge Ma Durlauf, Young, (eds.) op.cit., pp. 15–44

    Google Scholar 

  4. Block H., Marschak J. (1960) Random Orderings and Stochastic Theories of Response, in: Olkin I. ed. Contributions to Probability and Statistics, I, Stanford University Press

    Google Scholar 

  5. Brock W.A., Durlauf S.N. (2001a) Discrete choice with social interactions, Review of Economic Studies, 2001, 68, pp. 235–260

    Article  MATH  MathSciNet  Google Scholar 

  6. Brock W.A., Durlauf S.N. (2001b) Interaction Based Models, In: Heckman, Leamer (eds.) Handbook of Econometrics Vol. 5, Ch54, Elsevier Science, pp. 3297–3380

    Google Scholar 

  7. Bourgine P., Nadal J.P. eds., (2004) Cognitive Economic, Springer Verlag, Berlin, N.Y.

    Google Scholar 

  8. Durlauf S.N., (1997) Statistical Mechanics Approaches to Socioeconomic Behavior, In: Arthur, Durlauf, Lane, (eds.) The Economy as an Evolving Complex System II, Santa Fe Institute Studies in the Sciences of Complexity, Vol.XXVII, Addison-Wesley, pp. 81–104

    Google Scholar 

  9. Durlauf S.N., (1999) How can Statistical Mechanics Contribute to Social Science ?, Proceedings of the National Academy of Sciences 96:10582–10584

    Article  MATH  MathSciNet  Google Scholar 

  10. Durlauf S.N., Young P., (2001) (eds) Social dynamics, MIT Press, Cambridge Ma.

    MATH  Google Scholar 

  11. Föllmer H., (1974) Random Economies with many Interacting Agents, Journal of Mathematical Economics, 1:51–62

    Article  MATH  MathSciNet  Google Scholar 

  12. Galam S., Aharony A. (1980) A New Multicritical Point in Anisotropic Magnets. I. Ferromagnets in a random longitudinal Field, Journal of Physics C, 15, pp. 529–545

    Article  Google Scholar 

  13. Galam S., Aharony A. (1981) A New Multicritical Point in Anisotropic Magnets. II. Ferromagnets in in a random skew field, Journal of Physics C, 14, pp. 3603–3619

    Article  Google Scholar 

  14. Galam S. (1982) A New Multicritical Point in Anisotropic Magnets. III. Ferromagnets in both a Random and a Uniform Longitudinal Field, Journal of Physics C, 15 pp. 529–545

    Article  Google Scholar 

  15. Galam S., (2004) Spontaneous Symmetry Breaking, in Nadal J.P. eds., (2004) Cognitive Economic, Springer Verlag, Berlin, N.Y. Bourgine, Nadal. (eds.) op. cit. pp. 157–168

    Google Scholar 

  16. Galam S., Gefen Y., Shapir Y., (1982) “Sociophysics: A Mean Behavior Model for the Process of Strike”, Mathematical Journal of Sociology, 9:1–13

    Article  MATH  Google Scholar 

  17. Galam S. (1997) Rational group decision making: A random Field Ising model at T=0, Physica A, 238, pp. 66–80

    Article  Google Scholar 

  18. Glaeser E.L., Sacerdote B., Scheinkman J.A. (1996) Crime and social interactions, Quarterly Journal of Economics, 1996, Vol. CXI, pp. 507–548

    Article  Google Scholar 

  19. Glaeser E.L. Scheinkman J.A. (2002) Non-market interactions, in: Dewatripont M. Hansen L.P. Turnovsky S. Advances in Economics and Econometrics: Theory and Applications, Eight World Congress, Cambridge University Press

    Google Scholar 

  20. Gordon M.B., Nadal J.P., Phan D., Vannimenus J. (2005) “Seller’s dilemma due to social interactions between customers”, Physica A, N356, Issues (2–4):628–640

    Article  Google Scholar 

  21. Gordon M.B., Nadal J.P., Phan D., Semeshenko V. (2006) Discrete Choices under Social Influence: Generic Properties. In: WEHIA 2006, 1st International Conference on Economic Sciences with Heterogeneous Interacting Agents, 15–17 June, Bologna

    Google Scholar 

  22. Granovetter M., (1978) “Threshold Models of Collective Behavior”, American Journal of Sociology, 83(6):1360–1380

    Google Scholar 

  23. Gutknecht, O. Ferber, J. (2000) Madkit: a Generic Multi-Agent Platform, Autonomous Agents (AGENTS 2000), Barcelona, ACM PressatIntegration Moduleco-, pp. 78–79

    Google Scholar 

  24. Ioannides Y.M. (2006) Topologies of Social interactions, Economic Theory, 28 p.559–84

    Article  MATH  MathSciNet  Google Scholar 

  25. Kindermann R., Snell J.L., (1980) On the Relation between Markov Random Fields and Social Networks, Journal of Mathematical Sociology, 7:1–13

    Article  MATH  MathSciNet  Google Scholar 

  26. Kirman A.P. (1983) Communications inMarkets: A suggested Approach, Economic Letters 12 pp. 1–5.

    Article  MathSciNet  Google Scholar 

  27. Kirman A.P. Oddou C., Weber S. (1986) Stochastic communication and coalition formation, Econometrica, 54 pp. 129–138.

    Article  MATH  MathSciNet  Google Scholar 

  28. Marschak J. (1960) Binary Choice Constraints on Random Utility Indicators, in K. Arrow ed. Stanford Symposium on Mathematical Methods in the Social Sciences, Stanford University Press

    Google Scholar 

  29. Mansky, C. (1977) The Structure of Random Utility Models, Theory and Decision 8, pp. 229–254.

    Article  MathSciNet  Google Scholar 

  30. McFadden D. (1974) Conditional Logit Analysis of Qualitative Choice Behavior, in Zarembka ed. Frontiers in Econometrics, Academic Press, N.Y.

    Google Scholar 

  31. McFadden D. (1976) Quantal Choice Analysis: A Survey, Annals of Economic and Social Measurement 5(4), pp. 363–390

    Google Scholar 

  32. Michel F., Daniel G., Phan D. & Ferber J. (2005) Integration Moduleco-Madkit: first results. In: SMAGET 05, Joint Conference on Multi-Agent Modelling for Environmental Management, March, 21–25

    Google Scholar 

  33. Monderer D., Shapley L. (1996) Potential Games, Games Econ. Behaviour 14:124–143.

    MATH  MathSciNet  Google Scholar 

  34. Nadal J.P., Phan D., Gordon M.B., Vannimenus J. (2005) Multiple equilibria in a monopoly market with heterogeneous agents and externalities, Quantitative Finance, December Vol 5(6):1–12

    Article  MathSciNet  Google Scholar 

  35. Phan D. (2004) From Agent-Based Computational Economics towards Cognitive Economics, In: Nadal J.P. eds., (2004) Cognitive Economic, Springer Verlag, Berlin, N.Y. Bourgine, Nadal. (eds.) op. cit. pp. 371–398

    Google Scholar 

  36. Phan D., Gordon M.B & Nadal J.P. (2004) Social Interactions in Economic Theory: an Insight from Statistical Mechanics, In: Nadal J.P. eds., (2004) Cognitive Economic, Springer Verlag, Berlin, N.Y. Bourgine, Nadal. (eds.) op cit., pp. 225–358

    Google Scholar 

  37. Phan, Semeshenko, (2006) Multiplicity of Equilibria in Binary Choice Model with Social Influence: the Triangular distribution case, in revision for EJESS

    Google Scholar 

  38. Schelling T.C., (1973) Hockey Helmets, Concealed Weapons and Dayligght Saving A study of binary choices with externalities, Journal of Conflicts Resolution, September 17(3):382–428

    Google Scholar 

  39. Schelling T.C., (1978) Micromotives and Macrobehavior, Norton and Compagny, N.Y.

    Google Scholar 

  40. Sethna J.P., Dahmen K., Kartha S., Krumhansl J.A., Roberts B.W., Shore J.D. (1993) Hysteresis and Hierarchies: Dynamics of Disorder-Driven First-Order Phase Transformations, Physical Review Letters, 70:3347–3350

    Article  Google Scholar 

  41. Sethna J.P., Dahmen K.A., Perkovic O. (2006) Random-Field Ising Models of Hysteresis in The Science of Hysteresis Vol. II, G. Bertotti, I. Mayergoyz (eds), Elsevier, Amsterdam

    Google Scholar 

  42. Thurstone L.L. (1927) A Law of Comparative Judgement, Psychological Review, 34, pp.273–286.

    Article  Google Scholar 

  43. Stanley H.E. (1971) Introduction to phase transitions and critical phenomena, Oxford University Press.

    Google Scholar 

  44. Valente T., (1995) Networks Models of the Diffusion of Innovations, Hampton Press Inc

    Google Scholar 

  45. Weidlich W., Haag G., (1983) Concepts and Models of a Quantitative Sociology, the Dynamics of Interacting Populations, Springer Verlag, Berlin, New York

    MATH  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. CREM UMR CNRS 6211, University of Rennes 1, France

    Denis Phan & Stéphane Pajot

Authors
  1. Denis Phan
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Stéphane Pajot
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Department of Economics, Politics and Public Administration, Aalborg University, 9100, Aalborg, Denmark

    Charlotte Bruun

Rights and permissions

Reprints and permissions

Copyright information

© 2006 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Phan, D., Pajot, S. (2006). Complex Behaviours in Binary Choice Model with Global or Local Social Influence. In: Bruun, C. (eds) Advances in Artificial Economics. Lecture Notes in Economics and Mathematical Systems, vol 584. Springer, Berlin, Heidelberg. https://doi.org/10.1007/3-540-37249-0_15

Download citation

  • DOI: https://doi.org/10.1007/3-540-37249-0_15

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-37247-9

  • Online ISBN: 978-3-540-37249-3

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics

Search

Navigation