Adaptively adjusted beliefs about prices in an evolutive Muthian cobweb model
DOI10.1142/S0218127422501371zbMATH Open1495.91059OpenAlexW4288734499MaRDI QIDQ5094777FDOQ5094777
Authors: Marina Pireddu, Ahmad K. Naimzada
Publication date: 4 August 2022
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/s0218127422501371
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bifurcationsstability analysisevolutionary learningquasiperiodic dynamicsMuthian cobweb modelmultistability phenomena
Bifurcations of singular points in dynamical systems (37G10) Evolutionary games (91A22) Microeconomic theory (price theory and economic markets) (91B24) Bifurcation theory for difference equations (39A28)
Cites Work
- Evolutionarily stable strategies and game dynamics
- Elements of applied bifurcation theory
- A Rational Route to Randomness
- Anchoring Economic Predictions in Common Knowledge
- Adaptive learning and roads to chaos. The case of the cobweb
- Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps
- Eductive stability may not imply evolutionary stability in the presence of information costs
- Learning to believe in simple equilibria in a complex OLG economy -- evidence from the lab
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