Active Particles Methods in Economics

Language: English

Published by Cambridge University Press, GB, 2025

100954876X / 9781009548762

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The aim of this Element is to understand how far mathematical theories based on active particles 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 behavioral 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 behavioral economics. The modeling and simulation of the dynamics of prices within a heterogeneous population is reviewed to show how mathematical tools can be used in real applications.

Seller Inventory # LU-9781009548762

Title
Active Particles Methods in Economics
Author
Nicola Bellomo, Valeria Secchini, Pietro Terna, Diletta Burini
Publisher
Cambridge University Press, GB
Publication year
2025
Condition
New
Binding
Paperback
Language
English
ISBN 10
100954876X
ISBN 13
9781009548762
Item weight
118 grams
Dimensions
15.24 x 0.33 x 22.86 cm

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