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dc.contributor.authorChen, Hung-Juen_US
dc.contributor.authorLi, Ming-Chiaen_US
dc.contributor.authorLin, Yung-Juen_US
dc.date.accessioned2014-12-08T15:20:04Z-
dc.date.available2014-12-08T15:20:04Z-
dc.date.issued2008-07-01en_US
dc.identifier.issn0167-2681en_US
dc.identifier.urihttp://dx.doi.org/10.1016/j.jebo.2007.03.005en_US
dc.identifier.urihttp://hdl.handle.net/11536/14224-
dc.description.abstractIn this paper, we study dynamic behavior of an overlapping generations model under three different expectations: perfect foresight, myopic expectations and adaptive expectations. We show that economic transition under myopic or adaptive expectations is very different from that under perfect foresight. When agents are perfectly foresighted, dynamics is simple, with a unique steady state that is globally attracting. However, cycles and chaotic motion can appear under myopic and adaptive expectations. We study the possibility of Li-Yorke chaos under myopic expectations and entropic chaos under adaptive expectations. (C) 2007 Elsevier B.V. All rights reserved.en_US
dc.language.isoen_USen_US
dc.subjectchaosen_US
dc.subjectperfect foresighten_US
dc.subjectmyopic expectationsen_US
dc.subjectadaptive expectationsen_US
dc.titleChaotic dynamics in an overlapping generations model with myopic and adaptive expectationsen_US
dc.typeArticleen_US
dc.identifier.doi10.1016/j.jebo.2007.03.005en_US
dc.identifier.journalJOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATIONen_US
dc.citation.volume67en_US
dc.citation.issue1en_US
dc.citation.spage48en_US
dc.citation.epage56en_US
dc.contributor.department應用數學系zh_TW
dc.contributor.departmentDepartment of Applied Mathematicsen_US
dc.identifier.wosnumberWOS:000257589900003-
dc.citation.woscount11-
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