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Nonlinear Dynamical Systems in Economics (CISM International Centre for Mechanical Sciences, 476) by Marji Lines, Alfredo Medio (auth.), Marji Lines (eds.) is a nonfiction available to read on EtoBox.

What is Nonlinear Dynamical Systems in Economics (CISM International Centre for Mechanical Sciences, 476) about?

Many problems in theoretical economics are mathematically formalized as dynam ical systems of difference and differential equations. In recent years a truly open approach to studying the dynamical behavior of these models has begun to make its way into the mainstream. That is, economists formulate their hypotheses and study the dynamics of the resulting models rather than formulating the dynamics and studying hypotheses that could lead to models with such dynamics. This is a great progress over using linear models, or using nonlinear models with a linear approach, or even squeezing economic models into well-studied nonlinear systems from other fields. There are today a number of economic journals open to publishing this type of work and some of these have become important. There are several societies which have annual meetings on the subject and participation at these has been growing at a good rate. And of course there are methods and techniques avail able to a more general audience, as well as a greater availability of software for numerical and graphical analysis that makes this type of research even more excit ing. The lecturers for the Advanced School on Nonlinear Dynamical Sy

Who reads Nonlinear Dynamical Systems in Economics (CISM International Centre for Mechanical Sciences, 476)?

Author

Marji Lines, Alfredo Medio (auth.), Marji Lines (eds.)

Publisher

Springer-Verlag Wien

Published

2005

Language

EN

ISBN

9783211261774

Category

nonfiction

Subjects

Business, Economics, Mathematics