Abstract
We review the minimal multi-agent model (LCCC) for the collective dynamics of opinion formation in the society, which was based on the kinetic exchange dynamics studied in the context of income, money or wealth distributions in a society. This model has an intriguing spontaneous symmetry breaking transition to polarized opinion state starting from non-polarized opinion state. We also briefly review the simple variants and extensions of this model that have been proposed recently.
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Chakraborti, A., Chakrabarti, B.K. (2011). Opinion Formation in the Kinetic Exchange Models. In: Abergel, F., Chakrabarti, B.K., Chakraborti, A., Mitra, M. (eds) Econophysics of Order-driven Markets. New Economic Windows. Springer, Milano. https://doi.org/10.1007/978-88-470-1766-5_21
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DOI: https://doi.org/10.1007/978-88-470-1766-5_21
Publisher Name: Springer, Milano
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