A dynamic model of social network formation
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Publication:4528243
DOI10.1073/PNAS.97.16.9340zbMATH Open0984.91013arXivmath/0404101OpenAlexW1999762141WikidataQ35205159 ScholiaQ35205159MaRDI QIDQ4528243FDOQ4528243
Publication date: 31 January 2001
Published in: Proceedings of the National Academy of Sciences (Search for Journal in Brave)
Abstract: We consider a dynamic social network model in which agents play repeated games in pairings determined by a stochastically evolving social network. Individual agents begin to interact at random, with the interactions modeled as games. The game payoffs determine which interactions are reinforced, and the network structure emerges as a consequence of the dynamics of the agents' learning behavior. We study this in a variety of game-theoretic conditions and show that the behavior is complex and sometimes dissimilar to behavior in the absence of structural dynamics. We argue that modeling network structure as dynamic increases realism without rendering the problem of analysis intractable.
Full work available at URL: https://arxiv.org/abs/math/0404101
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Stochastic network models in operations research (90B15) Multistage and repeated games (91A20) Economic growth models (91B62)
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