Kolyuzhnov, Dmitri; Bogomolova, Anna; Slobodyan, Sergey - In: Journal of Economic Dynamics and Control 38 (2014) C, pp. 161-183
relatively well. We express reservations regarding the applicability of any approach based on large deviations theory to … dimension without resort to large deviations theory. This procedure delivers mean escape time results that fit the simulations … closely. We explain inapplicability of large deviations theory by insufficient averaging near the point of self …