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1993 | OriginalPaper | Chapter

Economic Structure of the 21st Century

Author : Åke E. Andersson

Published in: The Cosmo-Creative Society

Publisher: Springer Berlin Heidelberg

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A number of mathematical studies have shown that predicting the future with the assistance of non-linear models can be an exceedingly risky task. Even dynamic simulation models with a not too complex structure can give rise to unpredictability, meaning that even a very small change of some parameter or initial value can lead to a completely different prediction. Non-linearity breeds chaos.

Metadata
Title
Economic Structure of the 21st Century
Author
Åke E. Andersson
Copyright Year
1993
Publisher
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-642-78460-6_2