{"product_id":"modeling-aggregate-behavior-and-fluctuations-masanao-aoki-9780521606196","title":"Modeling Aggregate Behavior and Fluctuations in Economics","description":"This book analyzes how a large but finite number of agents interact, and what sorts of macroeconomic statistical regularities or patterns may evolve from these interactions. By keeping the number of agents finite, the book examines situations such as fluctuations about equilibria, multiple equilibria and asymmetrical cycles of models which are caused by model states stochastically moving from one basin of attraction to another. All of these are not tractable using traditional deterministic modeling approaches. The book also discusses how agents may form clusters with stationary distributions of cluster sizes. These have important applications in analyzing volatilities of asset returns.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Masanao Aoki\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0521606195\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780521606196\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Cambridge University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/20\/2004\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 280\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.95lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.80h x 5.90w x 0.80d","brand":"Masanao Aoki","offers":[{"title":"Paperback","offer_id":46617851003135,"sku":"9780521606196","price":49.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_f5655363-3dd8-423c-badf-71147e51a1f6.jpg?v=1740068501","url":"https:\/\/www.whiterainbookhouse.com\/products\/modeling-aggregate-behavior-and-fluctuations-masanao-aoki-9780521606196","provider":"WR Book House","version":"1.0","type":"link"}