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Abstract: We present a model for the diffusion of management fads and other technologies which lack clear objective evidence about their merits. The choices made by non-Bayesian adopters reflect both their own evaluations and the social influence of their peers. We show, both analytically and computationally, that the dynamics lead to outcomes that appear to be deterministic in spite of being governed by a stochastic process. In other words, when the objective evidence about a technology is weak, the evolution of this process quickly settles down to a fraction of adopters that is not predetermined. When the objective evidence is strong, the proportion of adopters is determined by the quality of the evidence and the adopters’ competence. [Copyright &y& Elsevier]

Examines the dynamics of a work group whose members value not only compensation, but also having a high status relative to their peers. Compensation in the form of a fixed salary; Bonus based on group performance; Determination of status by contribution to group output and social activities; Status competition based on merit.

Presents information on multiagent systems, and looks at an analysis of fluctuations in equilibrium. Discussion on the volatility associated with multiagent dynamics; Indepth look at the dynamic economic models; Characterization of such systems; Information on the theory of stability of resource contention for different strategy mixes.