Josheski, Dushko and Risteska Jankuloska, Aneta and Zezova, Aleksandra (2024) Economics of networks as applied to social choice model of level of education, social distance, news veracity and prospect theory and a note on Wardrop equilibrium and Braess paradox. In: 7th International Scientific Conference "Challenges of Tourism and Business Logistics in the 21st Century" - (ISCTBL), Skopje.
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Abstract
This paper investigates Barabási–Albert (BA) and Erdős-Rényi model and preferential attachment in different settings: social choice and social distance, news veracity and networks, Prospect theory with social choice, and Wardrop equilibrium with Braess paradox. News veracity is higher in Erdős-Rényi graph vs Barabási–Albert (BA), in the Erdős-Rényi graph spread of misinformation is higher than in the model with hubs (influential nodes). In the average social distance and education level model there is higher news veracity between most educated individuals (PhD’s) more when two nodes have less than highest education. Probability of news being true (news veracity) is lowest for PhD’s but gaslighting (probability of perception of being gaslighted) is highest. With a degree centrality included nodes (individuals) with lower level of education perceive higher new veracity. Price of Anarchy (PoA) is higher in Erdős-Rényi (ER) versus Barabási–Albert graph. With Prospect theory in news veracity network gain and loss lines are further way on the left from reference point, with a letter being more to left. Congestion in the market for news makes more and more agents further away from equilibrium state.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Tourism and Business Logistics |
| Depositing User: | Dusko Josevski |
| Date Deposited: | 07 Aug 2024 07:18 |
| Last Modified: | 07 Aug 2024 07:18 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/34506 |
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