Noise reduction in coarse bifurcation analysis of stochastic agent-based models: an example of consumer lock-in
We investigate coarse equilibrium states of a fine-scale, stochastic agent-based model of consumer lock-in in a duopolistic market. In the model, agents decide on their next purchase based on a combination of their personal preference and their neighbours' opinions. For agents with independent...
| Main Authors: | , , |
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| Format: | Article |
| Published: |
Society for Industrial and Applied Mathematics
2014
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| Online Access: | https://eprints.nottingham.ac.uk/3246/ |