Finance Discipline Group
UTS Business School
University of Technology, Sydney

Working Paper Series

Title:
Follow the Leader: Simulations on a Dynamic Social Network
Author(s): David Goldbaum
Date of publication: October 2008
Working paper number: 155
Abstract:
An agent based model is developed in which a social hierarchy of leaders and followers emerges from a uniform or random social network. The formation of the social structure is driven by the desire to be an early adopter of a subsequently popular trend. The environment is related to a majority game, but introduces the importance of the timing of adoption. The proposed environment is relevant to a number of settings in which leadership and timing of decisions are important or being perceived as a trend setter is rewarded. The leadership position can be selfreinforcing. For a professional critic, for example, a cult-of-personality can dictate popular tastes, such as in art, food, and wine markets. A social hierarchy can also apply to the introduction of new products or ideas including academic research and financial market analysts.
Paper: Download (Format: PDF, Size: 383 Kb)
Known citations:

Al-Sharawneh, J., 2012, "Social Networks: Service Selection and Recommendation", Thesis, University of Technology, Sydney.

Al-Sharawneh, J. and Williams, M., 2009, "A Social Network Approach in Semantic Web Services Selection Using Follow the Leader Behavior", Conference Presentation, Enterprise Distributed Object Computing Conference .

Al-Sharawneh, J. and Williams, M., 2009, "ABMS: Agent-Based Modeling and Simulation in Web Service Selection", Conference Presentation, International Conference on Management and Service Science.

Al-Sharawneh, J. and Williams, M., 2010, "Credibility-based Social Network Recommendation: Follow the Leader", ACIS 2010 Proceedings.

Al-Sharawneh, J. and Williams, M., 2010, "Credibility-aware Web-based Social Network Recommender: Follow the Leader", Proceedings of the 2nd ACM RecSys’10 Workshop on Recommender Systems and the Social Web, Barcelona, Spain, 1-8.

Al-Sharawneh, J., Williams, M. and Goldbaum, D., 2010, "Web Service Reputation Prediction Based on Customer Feedback Forecasting Model", 2010 14th IEEE International Enterprise Distributed Object Computing Conference Workshops.

Al-Sharawneh, J., Williams, M. and Goldbaum, D., 2010, "Web Service Reputation-Semantics and Assessment based on Customer Feedback Forecasting Model", Working Paper.

Al-Sharawneh, J., Williams, M., Wang, X. and Goldbaum, D., 2011, "Mitigating Risk in Web-Based Social Network Service Selection: Follow the Leader", ICIW 2011 : The Sixth International Conference on Internet and Web Applications and Services.

Goldbaum, D., 2009, "Early Adoption in a Dynamic Social Network", Annual Conference of Pacific-Asian Association for Agent-based Approach in Social Systems Sciences, Taipei, Taiwan.

Goldbaum, D., 2009, "Follow the Leader: Steady State Analysis of a Dynamic Social Network", Working Paper 158, Finance Discipline Group, UTS Business School, University of Technology, Sydney.