Opinion Fluctuations and Disagreement in Social Networks

We study a tractable opinion dynamics model that generates long-run disagreements and persistent opinion fluctuations. Our model involves a inhomogeneous stochastic gossip process of continuous opinion dynamics in a society consisting of two types of agents: regular agents, who update their beliefs according to information that they receive from their social neighbors; and stubborn agents, who never update their opinions and might represent leaders, political parties or media sources attempting to influence the beliefs in the rest of the society. When the society contains stubborn agents with different opinions, the belief dynamics never lead to a consensus (among the regular agents). Instead, beliefs in the society almost surely fail to converge, the belief profile keeps on oscillating in an ergodic fashion, and it converges in law to a non-degenerate random vector.