THE SIMPLE MODEL OF BEHAVIOR WITH BINARY CHOICE AND INFLUENCE OF TOTAL AND GROUPED INFORMATION (THE MODEL OF SOCIAL PROTESTS)

Voronovitsky, Mark

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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 Send message

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

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811

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GOST	Voronovitsky M. THE SIMPLE MODEL OF BEHAVIOR WITH BINARY CHOICE AND INFLUENCE OF TOTAL AND GROUPED INFORMATION (THE MODEL OF SOCIAL PROTESTS) // Economics and the Mathematical Methods. – 2013. – V. 49. – Issue 2 C. 54-70 .
MLA	Voronovitsky, Mark "THE SIMPLE MODEL OF BEHAVIOR WITH BINARY CHOICE AND INFLUENCE OF TOTAL AND GROUPED INFORMATION (THE MODEL OF SOCIAL PROTESTS)." Economics and the Mathematical Methods. 49.2 (2013).:54-70.
APA	Voronovitsky M. (2013). THE SIMPLE MODEL OF BEHAVIOR WITH BINARY CHOICE AND INFLUENCE OF TOTAL AND GROUPED INFORMATION (THE MODEL OF SOCIAL PROTESTS). Economics and the Mathematical Methods. vol. 49, no. 2, pp.54-70


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References

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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.

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