Search results
Results from the WOW.Com Content Network
Economics; Population dynamics ... Exponential response formula; ... stable if their convergence is bounded by exponential decay. Exponential stability is a form of ...
Therefore, the preferences at t = 1 is preserved at t = 2; thus, the exponential discount function demonstrates dynamically consistent preferences over time. For its simplicity, the exponential discounting assumption is the most commonly used in economics. However, alternatives like hyperbolic discounting have more empirical support.
The notion of exponential stability guarantees a minimal rate of decay, i.e., an estimate of how quickly the solutions converge. The idea of Lyapunov stability can be extended to infinite-dimensional manifolds, where it is known as structural stability, which concerns the behavior of different but "nearby" solutions to differential equations.
Logistic function for the mathematical model used in Population dynamics that adjusts growth rate based on how close it is to the maximum a system can support; Albert Allen Bartlett – a leading proponent of the Malthusian Growth Model; Exogenous growth model – related growth model from economics; Growth theory – related ideas from economics
In mathematics, in the theory of differential equations and dynamical systems, a particular stationary or quasistationary solution to a nonlinear system is called linearly unstable if the linearization of the equation at this solution has the form / =, where r is the perturbation to the steady state, A is a linear operator whose spectrum contains eigenvalues with positive real part.
Isoelastic utility for different values of . When > the curve approaches the horizontal axis asymptotically from below with no lower bound.. In economics, the isoelastic function for utility, also known as the isoelastic utility function, or power utility function, is used to express utility in terms of consumption or some other economic variable that a decision-maker is concerned with.
Many of you have probably heard of a particular irresponsible behavior with dogs, known as backyard breeding, that typically occurs at home, often in inadequate conditions and without regard for a ...
Economic stability is the absence of excessive fluctuations in the macroeconomy. [ 1 ] [ 2 ] An economy with fairly constant output growth and low and stable inflation would be considered economically stable.