Follow the Leader Simulations on a Dynamic Social Network
نویسندگان
چکیده
A social network in which individuals seek to be early adopters of a popular trend has as its equilibrium structure a (unique) leader and hierarchy of followers. The analysis generating this equilibrium fails to offer a mechanism for the equilibrium to emerge from an initially unstructured social environment. A dynamic model with evolving social links is employed to test for and understand the emergence of the equilibrium structure. Simulations of the model reveal the importance of adaptation to the observed environment. Different adjustment processes are explored to understand emergence hierarchies conforming to the equilibrium. The emergence of structure not conforming to equilibrium or autarky for certain settings offer insight into those adjustment processes and environments that fail.
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