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Considering the time scales of global information and personal reaction, we study the role of dynamic response time in the evolution of collective behavior in an evolving market. The insensitiveness to the market information makes the population cluster around a kind of extreme behavior, in...
Persistent link: https://www.econbiz.de/10010873958
We propose an ideal n-depth clique network model. In this model, the original network is composed of cliques (maximal complete subgraphs) that overlap with each other. The network expands continuously by the addition of new cliques. The final diameter of the network can be set in advance,...
Persistent link: https://www.econbiz.de/10011060435
Social distancing is vital to mitigate the spread of the novel coronavirus. We use geolocation data to document that political beliefs present a significant limitation to the effectiveness of state-level social distancing orders. Residents in Republican counties are less likely to completely...
Persistent link: https://www.econbiz.de/10012837834
Persistent link: https://www.econbiz.de/10012210836