Journal
PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS
Volume 370, Issue 2, Pages 734-740Publisher
ELSEVIER
DOI: 10.1016/j.physa.2006.05.033
Keywords
social dynamics; social networks; coevolution
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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. (c) 2006 Elsevier B.V. All rights reserved.
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