Complex Behaviours in Binary choice Model withGlobal or Local social influence

Denis Phan ()

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Abstract: This paper illustrates the effects of global or local social influences uponbinary choice. Analytical results are summarized and an ACE (Agent based ComputationalEconomics) approach is used to investigate the corresponding mechanismsof interdependence in the case of a coordination problem and finite size effects.

Keywords: ACE; Complex Adaptive System; heterogeneous agent; neighbourhood effects; social economics; social interactions (search for similar items in EconPapers)
Date: 2006
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Published in Bruun C. Advances in Artificial Economics The Economy as a Complex Dynamic System, 584, Springer, pp.14, 2006, Lecture Notes in Economics and Mathematical Systems

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Chapter: Complex Behaviours in Binary Choice Model with Global or Local Social Influence (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00105852

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