Idealized Social Dynamics In Bayesian Space of Assessments

TL;DR

This paper introduces a Bayesian space of assessments model to analyze social dynamics, incorporating market power as a driving force affecting social entities' positions, with implications for business and political oscillations.

Contribution

It presents a novel Bayesian assessment space framework and extends the concept of market power to model social process dynamics.

Findings

Model describes interactions between social bodies and driving forces.

Implications for understanding business and political oscillations.

Introduces a new construct for assessing social variability.

Abstract

The purpose of this paper is to present an idealized hypotheses-drawn model describing dynamics of variability in business and other social areas. A new construct is introduced called the Bayesian space of assessments to consider changes in positions of individuals and intrinsically interrelated entities called social bodies. The bodies spatial coordinates are their assessments in any required for a specific purpose professional and or ethical dimensions. A concept of market power introduced originally in entrepreneurship and technology commercialization (Michael Danov, Brock Smith, and Ronald Mitchell, 2003) is extended to become a driving force applicable to other social processes. The model describes interrelations between driving forces acting on social bodies and changes in positions of these bodies in the Bayesian space of assessments. Implications are discussed for some business and political oscillations.