Abstract:
This paper studies how global information affects the diffusion of innovations on a network. The diffusion of innovation is modeled by the logit dynamics of a weighted N-...Show MoreMetadata
Abstract:
This paper studies how global information affects the diffusion of innovations on a network. The diffusion of innovation is modeled by the logit dynamics of a weighted N-person coordination game among (bounded) rational users where innovations spread through users' strategic choices. We find a critical asymptotic threshold for the weight on global information where the diffusion of innovations undergoes a transition in the rate of convergence regardless of any network structure. In particular, it is found that the convergence to the pervasive adoption is slowed down by global information.
Date of Conference: 14-19 April 2013
Date Added to IEEE Xplore: 18 July 2013
ISBN Information: