Iterated Function Systems with Economic Applications
General Finance
2016-09-20 v1 Physics and Society
Abstract
This work's purpose is to understand the dynamics of some social systems whose properties can be captured by certain iterated function systems. To achieve this intension, we start from the theory of iterated function systems, and then we study two specific economic models on random utility function and optimal stochastic growth.
Keywords
Cite
@article{arxiv.1209.4849,
title = {Iterated Function Systems with Economic Applications},
author = {Shilei Wang},
journal= {arXiv preprint arXiv:1209.4849},
year = {2016}
}