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Random Dynamical Systems

Name: Random Dynamical Systems
Brand: Cambridge University Press
SKU: 02045424
Price: 34989 HUF
Availability: InStock
Author: Rabi BhattacharyaMukul Majumdar
ISBN: 9780521825658

Theory and Applications

Rabi BhattacharyaMukul Majumdar

Language

English

Book Hardback

Libristo code: 02045424

Publishers Cambridge University Press, January 2007

This treatment provides an exposition of discrete time dynamic processes evolving over an infinite h... Full description

Libristo code: 02045424

234 b

34 989 Ft

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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.