TY  - GEN
AB  - We study a dynamic model of opinion formation in social networks. In our model, boundedly rational agents update opinions by averaging over their neighbors' expressed opinions, but may misrepresent their own opinion by conforming or counter-conforming with their neighbors. We show that an agent's social influencev on the long-run group opinion is increasing in network centrality and decreasing in conformity. For efficiency of information aggregation (\wisdom"), misrepresentation of opinions need not undermine wisdom. Given the network, we provide
the optimal distribution of conformity levels in the society and show which agents should be more conforming in order to increase wisdom.
DA  - 2013
KW  - conformity
KW  - eigenvector centrality
KW  - social networks
KW  - consensus
KW  - wisdom of crowds
KW  - opinion leadership
LA  - eng
PY  - 2013
SN  - 0931-6558
SP  - 43-
TI  - Opinion dynamics and wisdom under conformity
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-26740054
Y2  - 2024-11-21T23:51:35
ER  -