arXiv
Open Access
2022
Computing Economic Chaos
Richard H. Day
Oleg V. Pavlov
Abstrak
Existence theory in economics is usually in real domains such as the findings of chaotic trajectories in models of economic growth, tatonnement, or overlapping generations models. Computational examples, however, sometimes converge rapidly to cyclic orbits when in theory they should be nonperiodic almost surely. We explain this anomaly as the result of digital approximation and conclude that both theoretical and numerical behavior can still illuminate essential features of the real data.
Topik & Kata Kunci
Penulis (2)
R
Richard H. Day
O
Oleg V. Pavlov
Akses Cepat
Informasi Jurnal
- Tahun Terbit
- 2022
- Bahasa
- en
- Sumber Database
- arXiv
- Akses
- Open Access ✓