MS#140. Chaotic Synchronization in Economic Networks

with Michael Nivala, UCLA

In: Working Paper, Dept. of Economics and Statistics, University of Siena.

Dedicated to Richard M. Goodwin, 1913-1996.

Subjects: Economics, Morphogenesis

Abstract: Synchronization, long an important topic in the theory of nonlinear oscillation, has recently become a research frontier in chaos theory as well. Here we introduce the sync phenomenon for forced and coupled Rossler attractors, and its role in the context of complex economic systems. And we extend the basic framework developed by the late Richard Goodwin in his book, Chaotic Eco- nomic Dynamics, of 1990 to massively complex dynamical systems of chaotic elements. Recent experimental results and speculative applications to economic networks are presented. 

[PDF] 24 pages, 1.8 MB