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Transitions between metastable long-run consumption behaviors in a stochastic peer-driven consumer network
Discrete and continuous dynamical systems. Series B
<p style='text-indent:20px;'>We study behavioral change - as a transition between coexisting attractors - in the context of a stochastic, non-linear consumption model with interdependent agents. Relying on the indirect approach to the analysis of a stochastic dynamic system, and employing a mix of analytical, numerical and graphical techniques, we identify conditions under which such transitions are likely to occur. The stochastic analysis depends crucially on the stochastic sensitivitydoi:10.3934/dcdsb.2021232 fatcat:lwyd6jxhezatrerxh7f5yd35li