Coupled flare attractors – a discrete prototype for economic modelling
A chaotic environment can give rise to “flares” if an autocatalytic variable responds in a multiplicative, threshold-type fashion to the environmental forcing. An “economic unit” similarly depends in its growth behavior on the unpredictable (chaotic?) buying habits of its customers, say. It turns ou...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
1999-01-01
|
| Series: | Discrete Dynamics in Nature and Society |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1155/S1026022699000047 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | A chaotic environment can give rise to “flares” if an autocatalytic variable responds in a multiplicative, threshold-type fashion to the environmental forcing. An “economic unit” similarly depends in its growth behavior on the unpredictable (chaotic?) buying habits of its customers, say. It turns out that coupled flare attractors are surprisingly robust in the sense that the resulting “economy” is largely independent of the extent of diffusive coupling used. Some simulations are presented. |
|---|---|
| ISSN: | 1026-0226 1607-887X |