haku: @indexterm intertemporal economics / yhteensä: 19
viite: 14 / 19
| Tekijä: | Bala, V. |
| Otsikko: | Reconstructuring dynamics from intertemporal economic data |
| Lehti: | Economic Theory
1997 : VOL. 9:2, p. 325-340 |
| Asiasana: | ECONOMIC THEORY ECONOMICS INTERTEMPORAL ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | This paper is concerned with the relationship between a continuous dynamical system and the trajectory generated by such a system. The main result provides necessary and sufficient conditions for an infinite data stream to be rationalised as the output of a continuous law of motion. The paper develops concepts of informativeness of a given set of intertemporal data and shows that informativeness is maximal when the data is chaotic. It also demonstrates that with probability one the sample paths from a non-trivial independent and identically distributed stochastic process cannot be rationalised as the output of a continuous deterministic system. |
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