Bischi, Gian-Italo; Valori, Vincenzo - Dipartimento di Scienze per l'Economia e l'Impresa, … - 2000
The time evolution of prices and savings in a stock market is modeled by a discrete time nonlinear dynamical system. The model proposed has a unique and unstable steady-state, so that the time evolution is determined by the nonlinear effects acting out of the equilibrium. The nonlinearities...