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Item Details
Title: COMPLEX SYSTEMS APPROACH TO ECONOMIC DYNAMICS
By: Abraham C.-L. Chian
Format: Paperback

List price: £64.99


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ISBN 10: 3540397523
ISBN 13: 9783540397526
Publisher: SPRINGER-VERLAG BERLIN AND HEIDELBERG GMBH & CO. KG
Pub. date: 13 July, 2007
Series: Lecture Notes in Economics and Mathematical Systems 592
Pages: 101
Description: 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 book introduces various concepts of unstable periodic orbits and chaotic saddles.
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.
Illustrations: X, 101 p.
Publication: Germany
Imprint: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Returns: Returnable
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