Adaptively adjusted beliefs about prices in an evolutive Muthian cobweb model

DOI10.1142/S0218127422501371MaRDI QIDQ5094777zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

bifurcationsstability analysisevolutionary learningquasiperiodic dynamicsMuthian cobweb modelmultistability phenomena

Mathematics Subject Classification ID

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)

Recommendations

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Cites work

• A Rational Route to Randomness
• Adaptive learning and roads to chaos. The case of the cobweb
• Anchoring Economic Predictions in Common Knowledge
• Eductive stability may not imply evolutionary stability in the presence of information costs
• Elements of applied bifurcation theory
• Evolutionarily stable strategies and game dynamics
• Learning to believe in simple equilibria in a complex OLG economy -- evidence from the lab
• Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps

Cited in

(1)

• Eductive stability, heterogeneous information costs and period-two cycle multiplicity

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