Complex Systems Approach to Economic Dynamics (Lecture Notes in Economics and Mathematical Systems)

by Abraham C . - L . Chian (Author)

• New

  Paperback
  2007

  $75.50

  Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.