Econophysics

Chapter 9

Statistical Physics Models for Group Decision Making

Mircea Gligor

National College “Roman Vodă”, Roman, Neamţ, Romania

9.1 Introduction

9.2 The Random Cluster Model for Group Decision Making

9.3 The Cluster Formation in the Social Impact Model

9.4 From Clusters of Individuals to Clusters of Countries

9.4.1 Mapping the Macroeconomic Time Series in Weighted Networks

9.4.2 The Clustered Weighted Network of EU-25 Countries

9.4.3 The Country Overlapping Hierarchy

9.5 Conclusions

References

9.1 Introduction

The application of theoretical physics methods to the sphere of the social sciences (a field frequently called “sociophysics”) is a natural extension of econophysics. During the last decade of the twentieth century, the statistical physics ...