Active particles methods in economics: new 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 mathemati...

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Beteilige Person: Bellomo, N.
Weitere beteiligte Personen: Burini, Diletta, Secchini, Valeria, Terna, Pietro
Format: E-Book
Sprache:Englisch
Veröffentlicht: Cambridge Cambridge University Press 2024
Schriftenreihe:Cambridge elements. Elements in complexity and agent-based economics
Links:https://doi.org/10.1017/9781009548755
Zusammenfassung: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.
Umfang:1 Online-Ressource (53 Seiten)
ISBN:9781009548755
ISSN:2732-5067