IDEAS home Printed from https://ideas.repec.org/a/wut/journl/v2y2018p85-108id1361.html
   My bibliography  Save this article

Opinion formation in social networks

Author

Listed:
  • Akylai Taalaibekova

Abstract

A number of selected works on the dynamics of opinions and beliefs in social networks has been discussed. Both Bayesian and non-Bayesian approaches to social learning have been considered, but the analysis has been focused on a simple, tractable and widely used model of updating beliefs – the DeGroot model. The author studied the dynamics of opinions based on the DeGroot model from different points of view. First, its attractive features and shortcomings were discussed and then some of its extensions have been presented. These models are based on the DeGroot updating rule, but additionally incorporate the possibility of improvements and enrichments of the framework.

Suggested Citation

  • Akylai Taalaibekova, 2018. "Opinion formation in social networks," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 28(2), pages 85-108.
    • Handle: RePEc:wut:journl:v:2:y:2018:p:85-108:id:1361
    DOI: 10.5277/ord180206
    as

    Download full text from publisher

    File URL: https://ord.pwr.edu.pl/assets/papers_archive/1361%20-%20published.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.5277/ord180206?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Coralio Ballester & Antoni Calvó-Armengol & Yves Zenou, 2006. "Who's Who in Networks. Wanted: The Key Player," Econometrica, Econometric Society, vol. 74(5), pages 1403-1417, September.
    2. Itzhak Gilboa & David Schmeidler, 1995. "Case-Based Decision Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 605-639.
    3. Gilboa,Itzhak & Schmeidler,David, 2001. "A Theory of Case-Based Decisions," Cambridge Books, Cambridge University Press, number 9780521802345, September.
    4. Rusinowska, Agnieszka & Taalaibekova, Akylai, 2019. "Opinion formation and targeting when persuaders have extreme and centrist opinions," Journal of Mathematical Economics, Elsevier, vol. 84(C), pages 9-27.
    5. Benjamin Golub & Matthew O. Jackson, 2010. "Naïve Learning in Social Networks and the Wisdom of Crowds," American Economic Journal: Microeconomics, American Economic Association, vol. 2(1), pages 112-149, February.
    6. Daron Acemoglu & Asuman Ozdaglar, 2011. "Opinion Dynamics and Learning in Social Networks," Dynamic Games and Applications, Springer, vol. 1(1), pages 3-49, March.
    7. Pradeep K. Dubey & Rahul Garg & Bernard de Meyer, 2006. "Competing for Customers in a Social Network," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00272889, HAL.
    8. Arun G. Chandrasekhar & Horacio Larreguy & Juan Pablo Xandri, 2015. "Testing Models of Social Learning on Networks: Evidence from a Lab Experiment in the Field," NBER Working Papers 21468, National Bureau of Economic Research, Inc.
    9. Buechel, Berno & Hellmann, Tim & Klößner, Stefan, 2015. "Opinion dynamics and wisdom under conformity," Journal of Economic Dynamics and Control, Elsevier, vol. 52(C), pages 240-257.
    10. Gale, Douglas & Kariv, Shachar, 2003. "Bayesian learning in social networks," Games and Economic Behavior, Elsevier, vol. 45(2), pages 329-346, November.
    11. Glenn Ellison & Drew Fudenberg, 1995. "Word-of-Mouth Communication and Social Learning," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(1), pages 93-125.
    12. Michel Grabisch & Antoine Mandel & Agnieszka Rusinowska & Emily Tanimura, 2015. "Strategic influence in social networks," Documents de travail du Centre d'Economie de la Sorbonne 15006, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    13. Ellison, Glenn & Fudenberg, Drew, 1993. "Rules of Thumb for Social Learning," Journal of Political Economy, University of Chicago Press, vol. 101(4), pages 612-643, August.
    14. Yann Bramoullé & Andrea Galeotti & Brian Rogers, 2016. "The Oxford Handbook of the Economics of Networks," Post-Print hal-01447842, HAL.
    15. Yann Bramoullé & Andrea Galeotti & Brian Rogers, 2016. "The Oxford Handbook of the Economics of Networks," Post-Print hal-03572533, HAL.
    16. Abhijit Banerjee & Emily Breza & Arun G. Chandrasekhar & Markus Mobius, 2021. "Naïve Learning with Uninformed Agents," American Economic Review, American Economic Association, vol. 111(11), pages 3540-3574, November.
    17. Rainer Hegselmann & Ulrich Krause, 2002. "Opinion Dynamics and Bounded Confidence Models, Analysis and Simulation," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 5(3), pages 1-2.
    18. Bogaçhan Çelen & Shachar Kariv, 2004. "Distinguishing Informational Cascades from Herd Behavior in the Laboratory," American Economic Review, American Economic Association, vol. 94(3), pages 484-498, June.
    19. Lorenz, Jan, 2005. "A stabilization theorem for dynamics of continuous opinions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 355(1), pages 217-223.
    20. Abhijit V. Banerjee, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(3), pages 797-817.
    21. Guillaume Deffuant & David Neau & Frederic Amblard & Gérard Weisbuch, 2000. "Mixing beliefs among interacting agents," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 3(01n04), pages 87-98.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rusinowska, Agnieszka & Taalaibekova, Akylai, 2019. "Opinion formation and targeting when persuaders have extreme and centrist opinions," Journal of Mathematical Economics, Elsevier, vol. 84(C), pages 9-27.
    2. Michel Grabisch & Agnieszka Rusinowska, 2020. "A Survey on Nonstrategic Models of Opinion Dynamics," Games, MDPI, vol. 11(4), pages 1-29, December.
    3. Daron Acemoglu & Asuman Ozdaglar, 2011. "Opinion Dynamics and Learning in Social Networks," Dynamic Games and Applications, Springer, vol. 1(1), pages 3-49, March.
    4. Michel Grabisch & Agnieszka Rusinowska, 2016. "Determining models of influence," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 26(2), pages 69-85.
    5. Tsakas, Nikolas, 2017. "Diffusion by imitation: The importance of targeting agents," Journal of Economic Behavior & Organization, Elsevier, vol. 139(C), pages 118-151.
    6. Grabisch, Michel & Poindron, Alexis & Rusinowska, Agnieszka, 2019. "A model of anonymous influence with anti-conformist agents," Journal of Economic Dynamics and Control, Elsevier, vol. 109(C).
    7. repec:hal:pseose:hal-01387480 is not listed on IDEAS
    8. Buechel, Berno & Hellmann, Tim & Klößner, Stefan, 2015. "Opinion dynamics and wisdom under conformity," Journal of Economic Dynamics and Control, Elsevier, vol. 52(C), pages 240-257.
    9. Michel Grabisch & Agnieszka Rusinowska, 2016. "Determining influential models," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01318081, HAL.
    10. Grabisch, Michel & Rusinowska, Agnieszka, 2013. "A model of influence based on aggregation functions," Mathematical Social Sciences, Elsevier, vol. 66(3), pages 316-330.
    11. Michel Grabisch & Antoine Mandel & Agnieszka Rusinowska & Emily Tanimura, 2015. "Strategic influence in social networks," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01158168, HAL.
    12. Michel Grabisch & Antoine Mandel & Agnieszka Rusinowska & Emily Tanimura, 2018. "Strategic Influence in Social Networks," Mathematics of Operations Research, INFORMS, vol. 43(1), pages 29-50, February.
    13. Battiston, Pietro & Stanca, Luca, 2015. "Boundedly rational opinion dynamics in social networks: Does indegree matter?," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 400-421.
    14. Matthew O. Jackson & Benjamin Golub, 2007. "Naïve Learning in Social Networks: Convergence, Influence and Wisdom of Crowds," Working Papers 2007.64, Fondazione Eni Enrico Mattei.
    15. Michel Grabisch & Agnieszka Rusinowska & Xavier Venel, 2019. "Diffusion in countably infinite networks," Documents de travail du Centre d'Economie de la Sorbonne 19017, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    16. Michel Grabisch & Agnieszka Rusinowska, 2010. "Iterating influence between players in a social network," Post-Print halshs-00543840, HAL.
    17. Azzimonti, Marina & Fernandes, Marcos, 2023. "Social media networks, fake news, and polarization," European Journal of Political Economy, Elsevier, vol. 76(C).
    18. Daron Acemoglu & Munther A. Dahleh & Ilan Lobel & Asuman Ozdaglar, 2011. "Bayesian Learning in Social Networks," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 78(4), pages 1201-1236.
    19. Ionel Popescu & Tushar Vaidya, 2019. "Averaging plus Learning Models and Their Asymptotics," Papers 1904.08131, arXiv.org, revised Jul 2023.
    20. Eger, Steffen, 2016. "Opinion dynamics and wisdom under out-group discrimination," Mathematical Social Sciences, Elsevier, vol. 80(C), pages 97-107.
    21. Sushil Bikhchandani & David Hirshleifer & Omer Tamuz & Ivo Welch, 2024. "Information Cascades and Social Learning," Journal of Economic Literature, American Economic Association, vol. 62(3), pages 1040-1093, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wut:journl:v:2:y:2018:p:85-108:id:1361. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adam Kasperski (email available below). General contact details of provider: https://edirc.repec.org/data/iopwrpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.