Philip Schneider publishes article on the effect of binary versus continuous decisions on social networks
Recently, Philip Schneider published an article together with Vincent Buskens and Arnout van de Rijt on whether the type of decision being made (i.e., binary vs. continuous) affects the likelihood of optimal investment behavior in small, networked groups. Binary decisions, such as placing solar panels or not, may lead to differences in whether a population becomes homogenous in its adoption of a behavior compared to continuous decisions, such as plastic management. The full article can be found here, an interesting video of the article can be found here!