Iterated Function Systems with Economic Applications
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q-fin.GN
physics.soc-ph
keywords
functionsystemsiteratedeconomicachieveapplicationscapturedcertain
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This work's purpose is to understand the dynamics of some social systems whose properties can be captured by certain iterated function systems. To achieve this intension, we start from the theory of iterated function systems, and then we study two specific economic models on random utility function and optimal stochastic growth.
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