Economic Cycle Model
Zhenying Wang ()
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Zhenying Wang: Shanghai Gold Exchange
Chapter Chapter 21 in Trading Economics, 2024, pp 453-469 from Springer
Abstract:
Abstract The economic cycle is the synchronization of the trading state on the trading network. The state of the trading agent evolves from a scattered distribution to a convergent direction, either gathering on the radical state or the conservative state; at the macro level, the two evolution trends correspond to economic prosperity and depression respectively. In this process, the state entropy of the trading system underwent two cycles.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-981-99-9875-3_21
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DOI: 10.1007/978-981-99-9875-3_21
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