Application of Chaotic Number Generators in Econophysics

Details Application of Chaotic Number Generators in Econophysics Application of Chaotic Number Generators in Econophysics

2011-10-20

arxiv.org/abs/1110.4506v2

Nonlinear Sciences

Chaotic Dynamics

7 pages, 3 figures

Scientific paper

Agent-based models have demonstrated their power and flexibility in Econophysics. However their major challenge is still to devise more realistic simulation scenarios. The complexity of Economy makes appealing the idea of introducing chaotic number generators as simulation engines in these models. Chaos based number generators are easy to use and highly configurable. This makes them just perfect for this application.

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