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Games and Dynamics in Economics - Essays in Honor of Akio Matsumoto (Hardcover, 1st ed. 2020)
Loot Price: R3,506
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Games and Dynamics in Economics - Essays in Honor of Akio Matsumoto (Hardcover, 1st ed. 2020)
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This book focuses on the latest advances in nonlinear dynamic
modeling in economics and finance, mainly-but not solely-based on
the description of strategic interaction by using concepts and
methods from dynamic and evolutionary game theory. The respective
chapters cover a range of theoretical issues and examples
concerning how the qualitative theory of dynamical systems is used
to analyze the local and global bifurcations that characterize
complex behaviors observed in social systems where heterogeneous
and boundedly rational economic agents interact. Nonlinear
dynamical systems, represented by difference and differential and
functional equations, are extensively used to simulate the behavior
of time-evolving economic systems, also in the presence of time
lags, discontinuities, and hysteresis phenomena. In addition, some
theoretical issues and particular applications are discussed, as
well. The contributions gathered here offer an up-to-date review of
the latest research in this rapidly developing research area.
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