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The Emergence of Leadership in Social Networks

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  • T. Clemson
  • T. S. Evans

Abstract

We study a networked version of the minority game in which agents can choose to follow the choices made by a neighbouring agent in a social network. We show that for a wide variety of networks a leadership structure always emerges, with most agents following the choice made by a few agents. We find a suitable parameterisation which highlights the universal aspects of the behaviour and which also indicates where results depend on the type of social network.

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  • T. Clemson & T. S. Evans, 2011. "The Emergence of Leadership in Social Networks," Papers 1106.0296, arXiv.org, revised Nov 2011.
    • Handle: RePEc:arx:papers:1106.0296
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    1. Challet, Damien & Marsili, Matteo & Zhang, Yi-Cheng, 2013. "Minority Games: Interacting agents in financial markets," OUP Catalogue, Oxford University Press, number 9780199686698.
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