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Chaos theory reveals hidden patterns in economic models, impacting global markets.

RePEc: Research Papers in Economics
Chaos Models in Economics
Sorin Vlad, Paul Pascu, Nicolae Morariu

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The article discusses chaos theory in economics, focusing on the importance of nonlinearities in mathematical models. It shows that chaos and order can coexist, with precise symmetries like Feigenbaum numbers. The researchers present three models with chaotic features: a profit model with nonlinear feedback, a model for exchange rate simulation, and an application of chaos theory in capital markets.