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We also identify the initial configuration for a two-agent case, in which collective behaviors are accelerated by changes in the delay parameter. Numerical illustrations and financial simulations are carried out to verify the validity of the model.&lt;\/p&gt;<\/jats:p>","DOI":"10.3934\/nhm.2022027","type":"journal-article","created":{"date-parts":[[2022,6,23]],"date-time":"2022-06-23T09:08:54Z","timestamp":1655975334000},"page":"803","source":"Crossref","is-referenced-by-count":2,"title":["Effect of time delay on flocking dynamics"],"prefix":"10.3934","volume":"17","author":[{"given":"Hyeong-Ohk","family":"Bae","sequence":"first","affiliation":[{"name":"Department of Financial Engineering, Ajou University, Republic of Korea"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Seung Yeon","family":"Cho","sequence":"additional","affiliation":[{"name":"Department of Mathematics and Research Institute of Natural Science, Gyeongsang National University, Republic of Korea"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Jane","family":"Yoo","sequence":"additional","affiliation":[{"name":"Department of Financial Engineering, Ajou University, Republic of Korea"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Seok-Bae","family":"Yun","sequence":"additional","affiliation":[{"name":"Department of Mathematics, Sungkyunkwan University, Republic of Korea"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"2321","reference":[{"key":"key-10.3934\/nhm.2022027-1","doi-asserted-by":"crossref","unstructured":"J. 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