In this paper we offer a comprehensive review of Sociophysics, focusing on relevant models
as well as selected applications in social trading, behavioral finance and business. We …

We introduce an order driver market model with heterogeneous traders that imitate each
other on a dynamic network structure. The communication structure evolves endogenously …

We derive microscopic foundations for a well-known probabilistic herding model in the agent-
based finance literature. While the model is quite robust with respect to behavioral …

The networked structure of investor relationship has been documented by many researches.
This paper proposes a dynamic model based on investor network, and investigate the …

This experimental study examines the influence of herding [following the majority of fellow
gamblers or the most successful gambler (guru)], status-quo bias, and the gambler's fallacy …

This article addresses the stock market as a complex system. The complexity of the stock
market arises from the structure of the environment, agent heterogeneity, interactions among …

In this paper, we introduce an agent-based model where heterogeneous firms compare and
modify their innovation strategies, so generating an evolving network structure. By …

From uneven development to unequal exposure to extreme weather events, the economic
geography of climate change implies substantial heterogeneity regarding countries' …

This paper studies herd behavior, bubbles and social interactions in financial markets
through the asset pricing models with heterogeneous interacting agents. The relationship …

We present results from the first laboratory experiment on the seminal heuristic switching
model introduced by Brock and Hommes (1997, 1998). Subjects choose between two …