Critical Transitions in financial models : bifurcation- and noise-induced phenomena

A so-called Critical Transition occurs when a small change in the input of a system leads to a large and rapid response. One class of Critical Transitions can be related to the phenomenon known in the theory of dynamical systems as a bifurcation, where a small parameter perturbation leads to a chang...

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Bibliographic Details
Main Author: Smug, D.
Other Authors: Ashwin, P. ; Sornette, D. ; Sieber, J.
Published: University of Exeter 2019
Online Access:https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.768600