Active Particles Methods in Economics: New Perspectives in the Interaction between Mathematics and Economics (Elements in Complexity and Agent-based Economics)

By: null Nicola Bellomo and null Diletta Burini and null Valeria Secchini and null Pietro Terna

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Synopsis: The aim of this Element is to understand how far mathematical theories based on active particle methods have been applied to describe the dynamics of complex systems in economics, and to look forward to further research perspectives in the interaction between mathematics and economics. The mathematical theory of active particles and the theory of behavioural swarms are selected for the above interaction. The mathematical approach considered in this work takes into account the complexity of living systems, which is a key feature of behavioural economics. The modelling and simulation of the dynamics of prices within a heterogeneous population is reviewed to show how mathematical tools can be used in real applications.

Book Quality:: Publisher Quality
ISBN-13:: 9781009548786
Related ISBNs:: 9781009548748, 9781009548748
Publisher:: Cambridge University Press
Date of Addition:: 12/31/24
Copyrighted By:: Nicola Bellomo, Diletta Burini, Valeria Secchini and Pietro Terna
Adult content:: No
Language:: English
Has Image Descriptions:: No
Categories:: Nonfiction, Business and Finance, Politics and Government
Submitted By:: Bookshare Staff
Usage Restrictions:: This is a copyrighted book.