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Nonlinear and Complex Dynamics in Real Systems

William Barnett (), Apostolos Serletis () and Demitre Serletis
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Demitre Serletis: University of Toronto

No 200517, WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS from University of Kansas, Department of Economics

Abstract: This paper was produced for the El-Naschie Symposium on Nonlinear Dynamics in Shanghai in December 2005. In this paper we provide a review of the literature with respect to fluctuations in real systems and chaos. In doing so, we contrast the order and organization hypothesis of real systems with nonlinear chaotic dynamics and discuss some techniques used in distinguishing between stochastic and deterministic behavior. Moreover, we look at the issue of where and when the ideas of chaos could profitably be applied to real systems.

Keywords: Chaos; Nonlinearity; Self-organized criticality (search for similar items in EconPapers)
JEL-codes: C8 C14 C22 E37 E32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hpe and nep-mac
Date: 2005-09, Revised 2005-09
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