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Complex Systems Approach to Economic Dynamics

Complex Systems Approach to Economic Dynamics

Abraham C.-L. Chian

67,11 €
IVA incluido
Disponible
Editorial:
Springer Nature B.V.
Año de edición:
2007
Materia
Física
ISBN:
9783540397526
67,11 €
IVA incluido
Disponible

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Sobre IBD

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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