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Optimization and Chaos

Name: Optimization and Chaos
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 01653616
Price: 160.89 EUR
Availability: InStock
Author: Mukul Majumdar
ISBN: 9783642086366

Mukul Majumdar

Tapan Mitra

Kazuo Nishimura

Language

English

Book Paperback

Libristo code: 01653616

Publishers Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, December 2010

The book begins with an introduction to some of the basic concepts and results on chaotic dynamical... Full description

Libristo code: 01653616

394 b

160.89 € VAT included

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The book begins with an introduction to some of the basic concepts and results on chaotic dynamical systems. Next it turns to a detailed self-contained summary of the literature on discounted dynamic optimization. The first two chapters are of particular pedagogical interest. The volume also brings together a number of outstanding advanced research papers on complex behavior of dynamic economic models. These make it clear that complexity cannot be dismissed as "exceptional" or "pathological" and, for explanation and prediction of economic variables, it is imperative to develop models with special structures suggested by empirical studies. Graduate students in economics will find the book valuable for an introduction to optimization and chaos. Specialists will find new directions to explore themes like robustness of chaotic behavior and the role of discounting in generating cycles and complexity.