EconPapers    
Economics at your fingertips  
 

Boundedly rational opinion dynamics in social networks: Does indegree matter?

Pietro Battiston () and Luca Stanca ()

Journal of Economic Behavior & Organization, 2015, vol. 119, issue C, 400-421

Abstract: This paper investigates opinion dynamics and social influence in directed communication networks. We study the theoretical properties of a boundedly rational model of opinion formation in which individuals aggregate the information they receive from their neighbors by using weights that are a function of neighbors’ indegree. We then present the results of a laboratory experiment explicitly designed to test the causal effect of indegree on social influence. We find that the social influence of an agent is positively affected by the number of individuals she listens to. When forming their opinions, agents take into account the structure of their communication network, although only to a limited extent.

Keywords: Social networks; Learning; Social influence; Bounded rationality (search for similar items in EconPapers)
JEL-codes: D85 D83 A14 L14 Z13 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0167268115002292
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Boundedly Rational Opinion Dynamics in Social Networks: Does Indegree Matter? (2015) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:119:y:2015:i:c:p:400-421

Access Statistics for this article

Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D.

More articles in Journal of Economic Behavior & Organization from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-09-28
Handle: RePEc:eee:jeborg:v:119:y:2015:i:c:p:400-421