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Complex Systems Approach to Economic Dynamics (Lecture Notes in Economics and Mathematical Systems, 592) - Softcover
Synopsis
Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.
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- PublisherSpringer
- Publication date2007
- ISBN 10 3540397523
- ISBN 13 9783540397526
- BindingPaperback
- LanguageEnglish
- Number of pages111
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Complex Systems Approach to Economic Dynamics (Lecture Notes in Economics and Mathematical Systems)
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Springer Berlin Heidelberg 2010-06-02, 2010
ISBN 10: 3540397523
ISBN 13: 9783540397526
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