modeling of economic dynamics under stochastic noise · 2014-09-27 · modeling of economic...
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Modeling of economic dynamics
under stochastic noise:
Tatyana Ryazanova with
Jochen Jungeilges
Urbino, Italy
2014
Confidence domains in the analysis of
noise-induced transition for Goodwin model
Stochastic Goodwin model
Confidence ellipse for
equilibrium
01.0,07.0
,9.00.2,,2
Confidence band for
limit cycle
1.007.0,9.0
0.2,,2
Thank you for your attention!
We have demonstrated how the confidence domain
method is used to understand the qualitative changes in
stochastic dynamics and predict a critical value of the
noise intensity at which noise-induced transitions are
most likely to occur.
Conclusion
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