Dynamical Properties for a Unified Class of One-Dimensional Discrete Maps
MathematicsCurrently, despite advances in the analysis of dynamical systems, there are still doubts about the transition between both stable and chaotic behaviors.
J. Alberto Conejero +2 more
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Fading Memory Learning in the Cobweb Model with Risk Averse Heterogeneous Producers [PDF]
This paper studies the dynamics of the traditional cobweb model with risk averse heterogeneous producers who seek to learn the distribution of asset prices using a geometric decay processes (GDP) - the expected mean and variance are estimated as a ...
Carl Chiarella +2 more
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Journal of Engineering and Applied ScienceThe rapid advancement of the Medical Internet of Things (MIoT) technology has enabled remote monitoring, real-time data exchange, and personalized treatment; however, it has also introduced critical security challenges that demand efficient, robust ...
Mir Nazish, M. Tariq Banday
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E&F Chaos: a user friendly software package for nonlinear economic dynamics [PDF]
The use of nonlinear dynamic models in economics and finance has expanded rapidly in the last two decades. Numerical simulation is crucial in the investigation of nonlinear systems.
Diks, C.G.H. +3 more
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Heterogeneous Agents Models: two simple examples, forthcoming In: Lines, M. (ed.) Nonlinear Dynamical Systems in Economics, CISM Courses and Lectures, Springer, 2005, pp.131-164. [PDF]
These notes review two simple heterogeneous agent models in economics and finance. The first is a cobweb model with rational versus naive agents introduced in Brock and Hommes (1997).
Hommes, C.H.
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Does eductive stability imply evolutionary stability? [PDF]
This note presents a simple example of a model in which the unique rational expectations (RE) steady state equilibrium is eductively stable in the sense of Guesnerie (2002), but where evolutionary learning, as introduced in Brock and Hommes (1997), does ...
Hommes, C.H., Wagener, F.O.O.
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Heterogeneous adaptive expectations and cobweb phenomena [PDF]
We study a cobweb-type commodity market where n firms operate and characterised by a strictly monotone demand and supply. The firms are assumed to differ in a key parameter governing price expectations which we suppose to be adaptive. We characterise the
Domenico Colucci, Vincenzo Valori
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Two optimized novel potential formulas and numerical algorithms for [Formula: see text] cobweb and fan resistor networks. [PDF]
Sci Rep, 2023 Zhao W, Zheng Y, Jiang X, Jiang Z.
europepmc +1 more source
Expectational coordination in simple economic contexts: concepts and analysis with emphasis on strategic substitutabilities. [PDF]
We consider an economic model that features : 1. a continuum of agents 2. an aggregate state of the world over which agents have an infinitesimal influence.
Pedro Jara-Moroni, Roger Guesnerie
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