The emergence of leadership in social networks

T. Clemson and T.S. Evans

Physica A: Statistical Mechanics and its Applications, 2012, vol. 391, issue 4, 1434-1444

Abstract: We study a networked version of the minority game in which agents can choose to follow the choices made by a neighbouring agent in a social network. We show that for a wide variety of networks a leadership structure always emerges, with most agents following the choice made by a few agents. We find a suitable parameterisation which highlights the universal aspects of the behaviour and which also indicates where results depend on the type of social network.

Keywords: Minority game; Social networks; Emergent power laws (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:391:y:2012:i:4:p:1434-1444

DOI: 10.1016/j.physa.2011.11.011

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