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Non-equilibrium time-dependent solution to discrete choice with social interactions
We solve the binary decision model of Brock and Durlauf (2001) in time using a method reliant on the resolvent of the master operator of the stochastic process. Our solution is valid when not at equilibrium and can be used to exemplify path-dependent behaviours of the binary decision model. The solu...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Public Library of Science
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9135261/ https://www.ncbi.nlm.nih.gov/pubmed/35617345 http://dx.doi.org/10.1371/journal.pone.0267083 |