[PDF.97pg] Modeling Aggregate Behavior and Fluctuations in Economics: Stochastic Views of Interacting Agents

Modeling Aggregate Behavior and Fluctuations in Economics: Stochastic Views of Interacting Agents

[PDF.kx61] Modeling Aggregate Behavior and Fluctuations in Economics: Stochastic Views of Interacting Agents

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 | #4277497 in Books |  Cambridge University Press |  2004-09-20 |  2004-09-09 | Original language:English | PDF # 1 |  8.98 x.59 x5.98l,.95 | File type: PDF | 280 pages

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||0 of 0 people found the following review helpful.| Nice book, good contents!|By max|Nice book, it provides a landscape of the ways of approaching classical themes of macroeconomics in terms of modern mathematics. Particularly, it allows for an aproach to macro based on a rather long-needed (just recall, for example, Samuelson's "mapping principle...between the statements of dynamical approaches and the ones owned by the compara| |'This is a most welcome treatment of stochastic dynamics in economic models, and its significance for theoretical and applied economics ... Professor Aoki has provided a self-contained description of all necessary and relevant concepts of the modelling toolbox

This book analyzes how a large but finite number of agents interact, and what sorts of macroeconomic statistical regularities or patterns may evolve from these interactions. By keeping the number of agents finite, the book examines situations such as fluctuations about equilibria, multiple equilibria and asymmetrical cycles of models which are caused by model states stochastically moving from one basin of attraction to another. All of these are not tractable using tradi...

You easily download any file type for your device.Modeling Aggregate Behavior and Fluctuations in Economics: Stochastic Views of Interacting Agents   |  Masanao Aoki.Not only was the story interesting, engaging and relatable, it also teaches lessons.

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