How Long to Read Modeling Aggregate Behavior and Fluctuations in Economics

How Long Does it Take to Read Modeling Aggregate Behavior and Fluctuations in Economics?

It takes the average reader 4 hours and 26 minutes to read Modeling Aggregate Behavior and Fluctuations in Economics by Masanao Aoki

Assuming a reading speed of 250 words per minute. Learn more

Description

This book has two components: stochastic dynamics and stochastic random combinatorial analysis. The first discusses evolving patterns of interactions of a large but finite number of agents of several types. Changes of agent types or their choices or decisions over time are formulated as jump Markov processes with suitably specified transition rates: optimisations by agents make these rates generally endogenous. Probabilistic equilibrium selection rules are also discussed, together with the distributions of relative sizes of the bases of attraction. As the number of agents approaches infinity, we recover deterministic macroeconomic relations of more conventional economic models. The second component analyses how agents form clusters of various sizes. This has applications for discussing sizes or shares of markets by various agents which involve some combinatorial analysis patterned after the population genetics literature. These are shown to be relevant to distributions of returns to assets, volatility of returns, and power laws.

How long is Modeling Aggregate Behavior and Fluctuations in Economics?

Modeling Aggregate Behavior and Fluctuations in Economics by Masanao Aoki is 263 pages long, and a total of 66,539 words.

This makes it 89% the length of the average book. It also has 81% more words than the average book.

How Long Does it Take to Read Modeling Aggregate Behavior and Fluctuations in Economics Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 3 minutes to read Modeling Aggregate Behavior and Fluctuations in Economics aloud.

What Reading Level is Modeling Aggregate Behavior and Fluctuations in Economics?

Modeling Aggregate Behavior and Fluctuations in Economics is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Modeling Aggregate Behavior and Fluctuations in Economics?

Modeling Aggregate Behavior and Fluctuations in Economics by Masanao Aoki is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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