Active Particles Methods in Economics : New Perspectives in the Interaction between Mathematics and Economics
Book Details
Format
Paperback / Softback
Book Series
Elements in Complexity and Agent-based Economics
ISBN-10
100954876X
ISBN-13
9781009548762
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 2nd, 2025
Print length
64 Pages
Weight
110 grams
Dimensions
14.90 x 22.80 x 0.60 cms
Product Classification:
Political economy
Ksh 3,250.00
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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 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.
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