We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
BIFURCATIONS IN DYNAMICAL SYSTEMS.
- Authors
Majthay, Antal
- Abstract
The concept of bifurcation in a dynamical system is illustrated through several examples. The elementary catastrophes are equilibrium sets of specific kinds of dynamical systems. The framework of bifurcating dynamical systems is put forward as an alternative to catastrophe theory models. Dynamical systems models require explicit accounting of all their underlying hypotheses. They offer unambiguous answers in return. The fuzzy transition from hypotheses to results so characteristic of the catastrophe theory literature is absent. The method is illustrated using a stock-market model.
- Subjects
BIFURCATION theory; ESTIMATION theory; FINANCIAL planning; SENSITIVITY theory (Mathematics); DECISION making; FINANCE
- Publication
Decision Sciences, 1980, Vol 11, Issue 2, p384
- ISSN
0011-7315
- Publication type
Article
- DOI
10.1111/j.1540-5915.1980.tb01146.x