Nonlinearity, Bounded Rationality, and Heterogeneity
Onozaki, Tamotsu![Nonlinearity, Bounded Rationality, and Heterogeneity](https://support.digitalhusky.com/media/annotations/sorted/298/29819608/CHSBZCOP0329819608.jpg)
This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are “nonlinearity, ” “bounded rationality” and “heterogeneity, ” which also make up the title of the book. Nonlinearity is the warp that runs throughout all models because systems that exhibit chaotic or other complex behavior in the ...