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Books > Business & Economics > Economics > Econometrics > Economic statistics

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Modeling Aggregate Behavior and Fluctuations in Economics - Stochastic Views of Interacting Agents (Hardcover) Loot Price: R3,114

Discovery Miles 31 140

Repayment Terms: R292 pm x 12*

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Modeling Aggregate Behavior and Fluctuations in Economics - Stochastic Views of Interacting Agents (Hardcover): Masanao Aoki

Modeling Aggregate Behavior and Fluctuations in Economics - Stochastic Views of Interacting Agents (Hardcover)

Masanao Aoki

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Loot Price R3,114 Discovery Miles 31 140 | Repayment Terms: R292 pm x 12*

Expected to ship within 12 - 19 working days

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This book analyzes how a large but finite number of agents interact, and what sorts of macroeconomic statistical regularities or patterns may evolve from these interactions. By keeping the number of agents finite, the book examines situations such as fluctuations about equilibria, multiple equilibria and asymmetrical cycles of models which are caused by model states stochastically moving from one basin of attraction to another. All of these are not tractable using traditional deterministic modeling approaches. The book also discusses how agents may form clusters with stationary distributions of cluster sizes. These have important applications in analyzing volatilities of asset returns.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	December 2001
First published:	2002
Authors:	Masanao Aoki
Dimensions:	229 x 152 x 19mm (L x W x T)
Format:	Hardcover
Pages:	280
ISBN-13:	978-0-521-78126-8
Categories:	Books > Science & Mathematics > Mathematics > Probability & statistics Books > Business & Economics > Economics > Econometrics > Economic statistics Promotions
LSN:	0-521-78126-4
Barcode:	9780521781268