Abstract

http://ssrn.com/abstract=2281525
 


 



The Benefit of Imitating Particular Individuals


Yasuaki Sakamoto


Stevens Institute of Technology - Wesley J. Howe School of Technology Management

Hongyuan Shi


Stevens Institute of Technology - Wesley J. Howe School of Technology Management

June 18, 2013

Howe School Research Paper No. 2013-12

Abstract:     
We examined the benefits of different search strategies by testing four computational models. In one model, agents in a group always innovated. The other three models incorporated some mechanisms of imitation. In the second model, each agent imitated the best solution of a random other. In the third model, each agent followed preferential attachment and imitated the best solution of the agent that was asked by many agents. In the fourth model, each agent developed a familiarity with an agent based on how often it asked a certain agent, and imitated this agent. In two simulation studies, following the most popular or the most familiar agent resulted in a good compromise between efficiency and diversity in finding good solutions. People’s desire to follow particular individuals may be a key to their adaptive behavior, allowing them to disseminate ideas efficiently while encouraging the exploration of new ideas.

Number of Pages in PDF File: 7

Keywords: Innovation and imitation, computational modeling, social learning, search

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Date posted: June 19, 2013  

Suggested Citation

Sakamoto, Yasuaki and Shi, Hongyuan, The Benefit of Imitating Particular Individuals (June 18, 2013). Howe School Research Paper No. 2013-12. Available at SSRN: http://ssrn.com/abstract=2281525 or http://dx.doi.org/10.2139/ssrn.2281525

Contact Information

Yasuaki Sakamoto (Contact Author)
Stevens Institute of Technology - Wesley J. Howe School of Technology Management ( email )
Hoboken, NJ 07030
United States

Hongyuan Shi
Stevens Institute of Technology - Wesley J. Howe School of Technology Management ( email )
Hoboken, NJ 07030
United States
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