Construction of a technology adoption decision-making model and its extension to understanding herd behavior

作者：

Highlights：

• Construct a technology adoption model called the G-WB model.

• Explore the effect of different parameters on the convergence speed.

• Demonstrate that our model is an optimal version of the WB model.

• Extended our model by relaxing certain assumptions.

摘要

•Construct a technology adoption model called the G-WB model.•Explore the effect of different parameters on the convergence speed.•Demonstrate that our model is an optimal version of the WB model.•Extended our model by relaxing certain assumptions.

论文关键词：Herd behavior,Information cascade,Observational learning,Sequential decision making,Technology adoption,Waiting strategy

论文评审过程：Received 10 May 2015, Revised 13 July 2015, Accepted 1 August 2015, Available online 29 August 2015, Version of Record 19 October 2015.

论文官网地址：https://doi.org/10.1016/j.knosys.2015.08.014