How bad is forming your own opinion?

David Bindel, Jon Kleinberg and Sigal Oren

Games and Economic Behavior, 2015, vol. 92, issue C, 248-265

Abstract: The question of how people form their opinion has fascinated economists and sociologists for long time. In many of the models, a group of people in a social network, each holding a numerical opinion, arrive at a shared opinion through repeated averaging with their neighbors in the network. Motivated by the observation that in reality consensus is rarely reached, we study a related sociological model in which individuals' intrinsic beliefs counterbalance the averaging process and yield a diversity of opinions.

Keywords: Opinion formation; Price of anarchy (search for similar items in EconPapers)
JEL-codes: C72 Z13 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:92:y:2015:i:c:p:248-265

DOI: 10.1016/j.geb.2014.06.004

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