An economic game with stochastic dynamics

Details An economic game with stochastic dynamics An economic game with stochastic dynamics

2009-05-27

arxiv.org/abs/0905.4456v1

Mathematics

Dynamical Systems

13 pages, 8 figures

Scientific paper

In this paper we investigate a stochastic model for an economic game. To describe this model we have used a Wiener process, as the noise has a stabilization effect. The dynamics are studied in terms of stochastic stability in the stationary state, by constructing the Lyapunov exponent, depending on the parameters that describe the model. The numerical simulation that we did justifies the theoretical results.

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