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Persistent link: https://www.econbiz.de/10004129503
expensive. The polynomial chaos approach has been shown to be more efficient than Monte Carlo for quantifying the effects of … polynomial chaos theory for parameter estimation: a Bayesian approach, and an approach using an extended Kalman filter (EKF) to … obtain the polynomial chaos representation of the uncertain states and the uncertain parameters. The two methods are applied …
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Social scientists are not computer scientists, but their skills in the field have to become better and better to cope with the growing field of social simulation and agent based modelling techniques. A way to reduce the weight of software development is to employ generalised agent development...
Persistent link: https://www.econbiz.de/10005518520
financial data may indicate the presence of nonlinearities and low-dimensional chaos. These methods include rescaled range (R …
Persistent link: https://www.econbiz.de/10005536925
We investigate a simple nonlinear model of economics to which strong multiplicative noise is added, and find two distinct generic control regimes. In the regime of noisy behavior, the application of the control is able to reduce noise only if the underlying periodicity is correctly taken into...
Persistent link: https://www.econbiz.de/10005537829
that future research should be focused on studying the applicability of chaos theory to construction labour. …
Persistent link: https://www.econbiz.de/10005482681
Some economic models like the cash-in-advance model of money or overlapping generations model have the property that the dynamics are ill-defined going forward in time, but well-defined going backward in time. In such instances, what does it mean for an ill-defined dynamical system to be...
Persistent link: https://www.econbiz.de/10005487459
Some economic models like the cash-in-advance model of money have the property that the dynamics are ill-defined going forward in time, but well-defined going backward in time. In this paper, we apply the theory of inverse limits to characterize topologically all possible solutions to a dynamic...
Persistent link: https://www.econbiz.de/10005487491