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2003 | OriginalPaper | Buchkapitel

Heterogeneous Models with Learning and Homoclinic Bifurcations

verfasst von : I. Foroni, L. Gardini

Erschienen in: Heterogenous Agents, Interactions and Economic Performance

Verlag: Springer Berlin Heidelberg

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We analyze a class of models representing heterogeneous agents with adaptively rational rules. The models reduce to non invertible maps of R2. In particular we shall investigate the homoclinic bifurcation of the saddle fixed point, which causes the sudden transition to a chaotic attractor (or strange attractor, with self-similar structure).

Metadaten
Titel
Heterogeneous Models with Learning and Homoclinic Bifurcations
verfasst von
I. Foroni
L. Gardini
Copyright-Jahr
2003
Verlag
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-642-55651-7_3