Deterministic Chaos: Locust Plagues and Price Dynamics of Commodities

Christoph E. Mandl
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Christoph E. Mandl: University of Vienna

Chapter Chapter 9 in Managing Complexity in Social Systems, 2023, pp 101-110 from Springer

Abstract: Abstract The systems archetype “deterministic chaos” also known as logistic mapMap may be found in many contexts in the biological, economic, and social sciences, even in entirely different fields of application. Understanding this structureStructure and its leverage points in the context of locust plaguesLocust plagues, one can then use this knowledge in the context of price dynamicsDynamics of commoditiesCommodities. Comprehension of the structural sourceSource of seemingly chaotic and nonperiodic behavior enables to identify potential leverage points.

Date: 2023
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DOI: 10.1007/978-3-031-30222-0_9

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