Description
Springer-Verlag Berlin And Heidelberg Gmbh & Co. Kg Complex Systems Approach To Economic Dynamics by Abraham C.-L. Chian
Statistical Analysis Of Stock Markets And Foreign Exchange Markets Has Demonstrated The Intermittent Nature Of Economic Time Series. A Nonlinear Model Of Business Cycles Is Able To Simulate Intermittency Arising From Order-Chaos And Chaos-Chaos Transitions. 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.