Dynamics of binary choice on networks
Scientific organizationNew Economic School
Academic degreeDoctor of sciences in physics & mathematics
PositionSenior Research Fellow
Scientific disciplineHumanities & Social sciences
TopicDynamics of binary choice on networks
We consider the dynamics of binary decisions on graphs which takes into account local interactions and arbitrary stochastic component. We use the Master-equation to characterize the quantal response equilibrium in this model. In order to approach the equilibrium correlation behaviour, we use the annealed-approximation. On this way, we find typical timing of reaching the equilibrium, and discuss game-theoretic aspects of static and dynamic modeling approaches.