Chaos in Economics and Finance

Dominique Guegan (1, 2)

1 CES - Centre d'économie de la Sorbonne
2 PSE - Paris School of Economics

This paper focuses on the use of dynamical chaotic systems in Economics and Finance. In these fields, researchers employ different methods from those taken by mathematicians and physicists. We discuss this point. Then, we present statistical tools and problems which are innovative and can be useful in practice to detect the existence of chaotic behavior inside real data sets.

Mots clés: Chaos; Deterministic dynamical system; Economics; Estimation theory; Finance; Forecasting

Domaines: Economies et finances; Systèmes dynamiques [math.DS]; Théorie [stat.TH]; Statistiques [math.ST]

Dominique Guegan. Chaos in Economics and Finance. Annual Reviews in Control, 2009, 33 (1), pp.89-93. ⟨10.1016/j.arcontrol.2009.01.002⟩. ⟨halshs-00375713v2⟩