Nonlinear Dynamics, Chaos, and Instability: Statistical Theory and Economic Evidence

by William A. Brock, David A. Hsieh, Blake LeBaron

Chaos theory has touched on such fields as biology, cognitive science, and physics. By providing a unified and complete explanation of new statistical methods that are useful for testing for chaos in data sets, Brock, Hsieh, and LeBaron show how the principles of chaos theory can be applied to such areas of economics and finance as the changing structure of stock returns and nonlinearity in foreign exchange. They use computer models extensively to...

• Format: Hardcover
• Language: English
• ISBN: 0262023296
• ISBN13: 9780262023290
• Release Date: October 1991
• Publisher: MIT Press
• Length: 346 Pages
• Weight: 1.50 lbs.
• Dimensions: 1.0" x 6.3" x 9.3"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher