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

Denis Phan () and Stéphane Pajot
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Stéphane Pajot: University of Rennes 1

Chapter 15 in Advances in Artificial Economics, 2006, pp 203-219 from Springer

Abstract: 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.

Keywords: Nash Equilibrium; Binary Choice; Coordination Game; Potential Game; Random Utility Model (search for similar items in EconPapers)
Date: 2006
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Working Paper: Complex Behaviours in Binary choice Model withGlobal or Local social influence (2006)
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DOI: 10.1007/3-540-37249-0_15

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