Везде
THE SIMPLE MODEL OF BEHAVIOR WITH BINARY CHOICE AND INFLUENCE OF TOTAL AND GROUPED INFORMATION (THE MODEL OF SOCIAL PROTESTS)
Table of contents
Annotation Estimate Publication content
References Comments
Share
QR
Metrics
THE SIMPLE MODEL OF BEHAVIOR WITH BINARY CHOICE AND INFLUENCE OF TOTAL AND GROUPED INFORMATION (THE MODEL OF SOCIAL PROTESTS)
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Mark Voronovitsky 
Edition
Volume 49 Issue 2
Pages
54-70
Abstract

The behavior of a group consisting of big number of identical participants in the case of a personal binary choice is considered. The information received from other members of a group at pair meetings and a general information on number of the participants who have chosen each alternatives before define the choice of each partner. The dynamic model of collective behavior based on Markov chain is constructed. Investigated the variants of behavior of a group at various level of susceptibility of the particular participant to the common information received through mass media. It is proved, that at a considerable susceptibility through certain time herd behavior arises. It is shown that in case of distortion of the common information the behavior of the group is changing in the direction of distortion of the general information.

Keywords
herd behavior, herding, Markov chains, group
Date of publication
01.04.2013
Number of purchasers
1
Views
810
Readers community rating
0.0 (0 votes)
Cite   Download pdf

References



Additional sources and materials

Voronovitskij M.M. (2008). Model' stadnogo povedeniya pri formirovanii sprosa // Ehkonomika i mat. metody. T. 39. Vyp. 4.


Voronovitskij M.M., Mejtal Sh. (2003). Model' sotsial'nogo vliyaniya na tseny // Ehkonomika i mat. metody. T. 39. Vyp. 4.


Banerjee A. (1992). A Simple Model of Herd Behavior // The Quarterly J. of Econ. Vol. CVII. August.


Beker G.S. (1991). A Note on Restaurant Pricing and Other Example on Social Influence on Price // J. of Political Econ. Vol. XCIX (№ 5).


Bikhandany S., Hirsheifer D., Welch I. (1992). A Theory of Fads, Fashion, Custom, and Cultural Change as Information Cascades’ // J. of Political Econ. Vol. 100. No. 5.


Blumer H. (1951). Collective Behavior. In: “Principles of Sociology” / Lee A.M. (ed.). N.Y.: Barnes & Noble

Comments

No posts found

Write a review
Translate