Orlando, Giuseppe; Stoop, Ruedi; Taglialatela, Giovanni - In: Nonlinearities in economics : an interdisciplinary …, (pp. 87-103). 2021
In this chapter, we first precise the concept of dynamical systems, and then we introduce the concept of chaos, which is characterized by a sensitive dependence on initial conditions. To quantify this, dynamical (Lyapunov exponents) and probabilistic (dimensions) measures are introduced.