Networks formation to assist decision making

David Goldbaum

No 37, Working Paper Series from Economics Discipline Group, UTS Business School, University of Technology, Sydney

Abstract: This paper examines network formation among a connected population with a preference for conformity and leadership. Agents build stable personal relationships to achieve coordinated actions. The network serves as a repository of collective experiences so that cooperation can emerge from simple, myopic, self-serving adaptation to recent events despite the competing impulses of conformity and leadership and despite limiting individuals to only local information. Computational analysis reveals how behavioral tendencies impact network formation and identifies locally stable disequilibrium structures.

Keywords: Leader; Dynamic Network; Payoff interdependence; Social Interaction; Simulation (search for similar items in EconPapers)
JEL-codes: C71 D71 D85 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2016-04-29
New Economics Papers: this item is included in nep-cdm, nep-cmp, nep-gth and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:uts:ecowps:37

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