4.5 Article Proceedings Paper

DYNAMICAL PHASE TRANSITIONS IN OPINION NETWORKS: COEXISTENCE OF OPPORTUNISTS AND CONTRARIANS

Journal

INTERNATIONAL JOURNAL OF MODERN PHYSICS B
Volume 22, Issue 25-26, Pages 4674-4683

Publisher

WORLD SCIENTIFIC PUBL CO PTE LTD
DOI: 10.1142/S0217979208050425

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We study a model for the emergence of collective decision making, consisting of N interacting agents, whose opinions are described by Ising spin variables. In particular, we present dynamical phase transitions from ordered to chaotic behavior in the space-time evolution of the binary choice network. One focus of this study is the determination of critical parameters, where the network is placed at the edge of chaos, i.e., at a subtle compromise between stability and flexibility, where the system has both, the necessary stability and the potential for evolutionary improvements.

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