Chaos Theory
Year: 2000 Volume: 50 Issue: 10 Pages: 559-561
Abstract: The article summarizes the Czech Economic Association's seminar on "Chaos Theory," held in May 2000. The main speaker, Pavel Kohout (PPF, a.s., Prague), presented several examples of how chaos theory can be used toward modeling the economy and, in particular, financial markets. He also spoke of the dangers inherent in attempts to indiscriminately transplant chaos theory from physics to economics. The presentation was followed by a lively discussion, also briefly summarized in this article.
JEL classification: C69, G1
Keywords: chaos theory; nonlinear models; financial markets
RePEc: n/a
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