| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 979697 | Physica A: Statistical Mechanics and its Applications | 2006 | 7 Pages |
Abstract
The dynamics of individual characteristics of economic agents is modeled with the link structure influenced by this dynamics: links between agents with similar characteristics are more stable than those between agents with vastly different characteristics. A simple scaling law describes the number of distinct surviving characteristic realizations as a function of the number of agents and the number of possible distinct characteristics realizations. With the chosen specification, the investigated properties do not essentially differ from those found for analogous sociophysics models with a fixed network structure.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Dietrich Stauffer, Martin Hohnisch, Sabine Pittnauer,