Mathematical Economics Application of Fractional Calculus

• Altri autori: Tarasov, Vasily E. (Redattore)
• Natura: Elettronico Capitolo di libro
• Lingua: inglese
• Pubblicazione: Basel, Switzerland MDPI - Multidisciplinary Digital Publishing Institute 2020
• Soggetti: Economics, finance, business & management; mathematical economics; economic theory; fractional calculus; fractional dynamics; long memory; non-locality; fractional generalization; econometric modelling; identification; Phillips curve; Mittag-Leffler function; generalized fractional derivatives; growth equation; Caputo fractional derivative; economic growth model; least squares method; fractional diffusion equation; fundamental solution; option pricing; risk sensitivities; portfolio hedging; business cycle model; stability; time delay; time-fractional-order; Hopf bifurcation; Einstein's evolution equation; Kolmogorov-Feller equation; diffusion equation; self-affine stochastic fields; random market hypothesis; efficient market hypothesis; fractal market hypothesis; financial time series analysis; evolutionary computing; modelling; economic growth; prediction; Group of Twenty; pseudo-phase space; economy; system modeling; deep assessment; least squares; modeling; GDP per capita; LSTM; econophysics; continuous-time random walk (CTRW); Mittag-Leffler functions; Laplace transform; Fourier transform; n/a
• Accesso online: DOAB: download the publication; DOAB: description of the publication

This book is devoted to the application of fractional calculus in economics to describe processes with memory and non-locality. Fractional calculus is a branch of mathematics that studies the properties of differential and integral operators that are characterized by real or complex orders. Fraction...