The paper reviews historical applications of singularities and catastrophe theory in economics via Thom and Debreu and frames the Nash-quantal response equilibrium relationship as analogous to deterministic versus stochastic catastrophe theory.
The rise and fall of catastrophe theory applications in economics: Was the baby thrown out with the bathwater? Journal of Economic Dynamics and Control , 31(10):3255–3280
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
fields
econ.GN 1years
2019 1verdicts
UNVERDICTED 1representative citing papers
citing papers explorer
-
Singularities and Catastrophes in Economics: Historical Perspectives and Future Directions
The paper reviews historical applications of singularities and catastrophe theory in economics via Thom and Debreu and frames the Nash-quantal response equilibrium relationship as analogous to deterministic versus stochastic catastrophe theory.