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Random Dynamical Systems (random + dynamical_system)

Distribution by Scientific Domains
Mathematics and Statistics80%

Selected Abstracts

Random Dynamical Systems: Theory and Applications by Rabi Bhattacharya, Mukul Majumdar

INTERNATIONAL STATISTICAL REVIEW, Issue 1 2008
David J. Hand
No abstract is available for this article. [source]

Random Dynamical Systems: Theory and Applications

JOURNAL OF THE ROYAL STATISTICAL SOCIETY: SERIES A (STATISTICS IN SOCIETY), Issue 4 2008
Jordan Stoyanov
No abstract is available for this article. [source]

Endogenous Random Asset Prices in Overlapping Generations Economies

MATHEMATICAL FINANCE, Issue 1 2000
Volker Böhm
This paper derives a general explicit sequential asset price process for an economy with overlapping generations of consumers. They maximize expected utility with respect to subjective transition probabilities given by Markov kernels. The process is determined primarily by the interaction of exogenous random dividends and the characteristics of consumers, given by arbitrary preferences and expectations, yielding an explicit random dynamical system with expectations feedback. The paper studies asset prices and equity premia for a parametrized class of examples with CARA utilities and exponential distributions. It provides a complete analysis of the role of risk aversion and of subjective as well as rational beliefs. [source]

Sternberg theorems for random dynamical systems

COMMUNICATIONS ON PURE & APPLIED MATHEMATICS, Issue 7 2005
Weigu Li
In this paper, we prove the smooth conjugacy theorems of Sternberg type for random dynamical systems based on their Lyapunov exponents. We also present a stable and unstable manifold theorem with tempered estimates that are used to construct conjugacy. © 2005 Wiley Periodicals, Inc. [source]