Active Particles Methods in Economics

Active Particles Methods in Economics

by Nicola BellomoDiletta Burini Valeria Secchini and others
Epub (Kobo), Epub (Adobe)
Publication Date: 31/12/2024

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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 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.

ISBN:
9781009548786
9781009548786
Category:
Political economy
Format:
Epub (Kobo), Epub (Adobe)
Publication Date:
31-12-2024
Language:
English
Publisher:
Cambridge University Press

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