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Dynamics of binary choice on networks

Name
Alexei
Surname
Savvateev
Scientific organization
New Economic School
Academic degree
Doctor of sciences in physics & mathematics
Position
Senior Research Fellow
Scientific discipline
Humanities & Social sciences
Topic
Dynamics of binary choice on networks
Abstract
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.
Keywords
Graphs, networks
Summary

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