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Random Dynamical Systems

Theory and Applications

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Hardcover | 8 January 2007

At a Glance

Hardcover
480 Pages

Dimensions(cm)
22.86 x 15.24 x 2.54

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This treatment provides an exposition of discrete time dynamic processes evolving over an infinite horizon. Chapter 1 reviews some mathematical results from the theory of deterministic dynamical systems, with particular emphasis on applications to economics. The theory of irreducible Markov processes, especially Markov chains, is surveyed in Chapter 2. Equilibrium and long run stability of a dynamical system in which the law of motion is subject to random perturbations is the central theme of Chapters 3-5. A unified account of relatively recent results, exploiting splitting and contractions, that have found applications in many contexts is presented in detail. Chapter 6 explains how a random dynamical system may emerge from a class of dynamic programming problems. With examples and exercises, readers are guided from basic theory to the frontier of applied mathematical research.

Industry Reviews

'This reviewer has all the arguments to recommend the book strongly not only to institutional libraries but also to anybody who is studying, teaching or using stochastic models. With its contents and style of presentation this attractive book will be very useful to postgraduate students in several areas, among them mathematics, statistics or probability, economics, biology or engineering.' Journal of the Royal Statistical Society

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You Can Find This Book In

Non-Fiction Economics Economic Theory & Philosophy Mathematics Calculus & Mathematical Analysis Differential Calculus & Equations Applied Mathematics Chaos Theory Integral Calculus & Equations Optimisation Business & Management Management & Management Techniques

Management Decision Making Reference, Information & Interdisciplinary Subjects Research & Information Research Methods Econometrics Economic Statistics

Dynamical systems
Markov processes
Random dynamical systems
Random dynamical systems: special structures
Invariant distributions: estimations and computation
Discounted dynamic programming under uncertainty
Appendix
Table of Contents provided by Publisher. All Rights Reserved.

Random Dynamical Systems

Theory and Applications

At a Glance

Hardcover

Industry Reviews

Shipping

How to return your order

Defective items

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