A NETWORK-BASED THRESHOLD MODEL FOR THE SPREADING OF FADS IN SOCIETY AND MARKETS

Author:

GRÖNLUND ANDREAS1,HOLME PETTER2

Affiliation:

1. Department of Physics, Umeå University, 90187 Umeå, Sweden

2. Department of Physics, University of Michigan, Ann Arbor, MI 48109, USA

Abstract

We investigate the behavior of a threshold model for the spreading of fads and similar phenomena in society. The model gives the fad dynamics and is intended to be confined to an underlying network structure. We investigate the whole parameter space of the fad dynamics on three types of network models. The dynamics we discover is rich and highly dependent on the underlying network structure. For some range of the parameter space, for all types of substrate networks, there are a great variety of sizes and life-lengths of the fads — what one sees in real-world social and economical systems.

Publisher

World Scientific Pub Co Pte Lt

Subject

Control and Systems Engineering

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