Complex Systems Approach to Economic Dynamics: 592 (Lecture Notes in Economics and Mathematical Systems) - Softcover

Chian, Abraham C.-L.

 
9783540397526: Complex Systems Approach to Economic Dynamics: 592 (Lecture Notes in Economics and Mathematical Systems)

Inhaltsangabe

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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Reseña del editor

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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