Showing 1 - 3 of 3
. We show that if the number of speculators increases we first observe a pitchfork bifurcation and then a period doubling … bifurcation. After infinitely many period doubling bifurcations the dynamics becomes chaotic …
Persistent link: https://www.econbiz.de/10005345309
strategy with low fitness to the one with high fitness. We characterise first the stability and bifurcation properties of the …
Persistent link: https://www.econbiz.de/10005345351
In this paper, we consider new bifurcation phenomena in a class of stochastic dynamic macroeconometric models as … the singularity-induced bifurcation and its effect on model behavior. …
Persistent link: https://www.econbiz.de/10005537629