Applications of Small-World Networks to some Socio-economic Systems

Details Applications of Small-World Networks to some Socio-economic Systems Applications of Small-World Networks to some Socio-economic Systems

2002-12-03

arxiv.org/abs/cond-mat/0212071v1

Physics

Condensed Matter

Statistical Mechanics

7 pages, 1 figure, for the proceedings of IEC 2002, Bali, Indonesia

Scientific paper

10.1016/S0378-4371(02)01956-8

Small-world networks (SWN) are found to be closer to the real social systems
than both regular and random lattices. Then, a model for the evolution of
economic systems is generalized to SWN. The Sznajd model for the two-state
opinion formation problem is applied to SWN. Then a simple definition of
leaders is included. These models explain some socio-economic aspects.

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