An economic game with stochastic dynamics
Dynamical Systems
2009-05-28 v1
Abstract
In this paper we investigate a stochastic model for an economic game. To describe this model we have used a Wiener process, as the noise has a stabilization effect. The dynamics are studied in terms of stochastic stability in the stationary state, by constructing the Lyapunov exponent, depending on the parameters that describe the model. The numerical simulation that we did justifies the theoretical results.
Cite
@article{arxiv.0905.4456,
title = {An economic game with stochastic dynamics},
author = {A. L. Ciurdariu and M. Neamtu and D. Opris},
journal= {arXiv preprint arXiv:0905.4456},
year = {2009}
}
Comments
13 pages, 8 figures