Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/68078
Authors: 
Cartwright, Edward
Year of Publication: 
2004
Series/Report no.: 
Department of Economics Discussion Paper, University of Kent 04,14
Abstract: 
We model a simple dynamic process in which boundedly rational agents learn through their interactions with others. Of interest is to study the process of contagion where by one action 'spreads throughout the population' and becomes conventional. We vary the network of player interaction between a regular lattice and a random network allowing us to model contagion in small world networks. Through simulation results we highlight the importance of network structure on both the possibility of contagion and the rate of contagion.
Subjects: 
Best reply
risk dominant
contagion
small world
JEL: 
C70
C72
C62
Document Type: 
Working Paper

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