Directory UMM :Data Elmu:jurnal:J-a:Journal Of Economic Dynamics And Control:Vol24.Issue5-7.Jul2000:
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six sections: Section I: Invited contributions; Section II: Heterogeneous agents; Section III: Local and global bifurcations in 2-D systems; Section IV: Macro dynamics; Section
This larger view nests conventional rational expectations general equilibrium theory in the sense that if the costs of acquiring & full knowledge of the true model expectations
This model tries to combine both a well de " ned economic structure in the market trading mechanisms, along with inductive learning using a classi " er- based system..
Using the BDS and the NEGM tests, and 15-s, 1-min and 5-min returns (from September 1 to November 30, 1991), they reject the hypothesis of independence in favor of a nonlinear
In this paper we show how the global dynamics of an economic model can be analyzed by the study of some global bifurcations that change the shape of the chaotic attractors and
In Section 5.4 we have seen that when the symmetric equilibrium price vector of a ta ( tonnement process with both a re # ectional and a rotational symmetry loses stability
In a pure exchange overlapping generations model we obtain that to have a cycle and a chaotic dynamics under bounded rationality learning we need a coe $ cient of risk aversion for
Several implications for the empirical testing of the relationship between risk and return come from the dynamic nature of this study. In Section 4, we have shown that the intercept
