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Optimization and Chaos on Hardback by Mukul Majumdar
Optimization and Chaos on Hardback by Mukul Majumdar
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Description

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.
Release date Australia
May 6th, 2000
Audiences
  • Postgraduate, Research & Scholarly
  • Professional & Vocational
Illustrations
X, 454 p.
Pages
454
Dimensions
156x234x25
ISBN-13
9783540670308
Product ID
2108537

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