Computing Economic Chaos

@article{Day2004ComputingEC,
  title={Computing Economic Chaos},
  author={Richard H. Day and Oleg V. Pavlov},
  journal={Computational Economics},
  year={2004},
  volume={23},
  pages={289-301}
}
Existence theory in economics is usually in real domains such as the findingsof chaotic trajectories in models of economic growth, tâtonnement, oroverlapping generations models. Computational examples, however, sometimesconverge rapidly to cyclic orbits when in theory they should be nonperiodicalmost surely. We explain this anomaly as the result of digital approximationand conclude that both theoretical and numerical behavior can still illuminateessential features of the real data. 
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4 Citations
Background Citations
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Methods Citations
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4 Citations

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