2 papers
cond-mat.stat-mech2022
Exact time-dependent dynamics of discrete binary choice models
James Holehouse, José Moran
We provide a generic method to find full dynamical solutions to binary decision models with interactions. In these models, agents follow a stochastic evolution where they must choo…
econ.TH2021
Non-equilibrium time-dependent solution to discrete choice with social interactions
James Holehouse, Hector Pollitt
We solve the binary decision model of Brock and Durlauf in time using a method reliant on the resolvent of the master operator of the stochastic process. Our solution is valid when…