GLOBAL ANALYSIS AND FOCAL POINTS IN A MODEL WITH BOUNDEDLY RATIONAL CONSUMERS

DOI10.1142/S0218127409023901MaRDI QIDQ3398240zbMATH OpenOpenAlexFDO

Authors Fabio Tramontana, Ahmad K. Naimzada

Publication date 26 September 2009

Published in International Journal of Bifurcation and Chaos in Applied Sciences and Engineering (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1142/s0218127409023901

zbMATH Keywords

focal pointsglobal bifurcationslobesmaps with vanishing denominator

Mathematics Subject Classification ID

Local and nonlocal bifurcation theory for dynamical systems (37G99) Consumer behavior, demand theory (91B42)

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Cites work

• KNOT POINTS IN TWO-DIMENSIONAL MAPS AND RELATED PROPERTIES
• PLANE MAPS WITH DENOMINATOR I: SOME GENERIC PROPERTIES
• Plane Maps with Denominator. Part II: Noninvertible Maps with Simple Focal Points
• PLANE MAPS WITH DENOMINATOR. PART III: NONSIMPLE FOCAL POINTS AND RELATED BIFURCATIONS

Cited in

(10)

• Periodic and aperiodic consumer behavior
• Political and economic rationality leads to velcro bifurcation.
• The global failure of local preference optimization
• A dynamic model of adaptive consumers with endogenous unimodal preferences
• Basins of attraction in an evolutionary model of boundedly rational consumers
• Endogenous reactivity in a dynamic model of consumer's choice
• scientific article; zbMATH DE number 934587 (Why is no real title available?)
• Path dependence in models with fading memory or adaptive learning
• Noise-induced multistage transitions in a dynamic model of rational consumer choice
• A dynamic model of a boundedly rational consumer with a simple least squared learning mechanism

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