Economic Structure of the 21st Century

  • Åke E. Andersson
Conference paper
Part of the Advances in Spatial and Network Economics book series (ADVS ECONOMICS)

Abstract

A number of mathematical studies have shown that predicting the future with the assistance of non-linear models can be an exceedingly risky task. Even dynamic simulation models with a not too complex structure can give rise to unpredictability, meaning that even a very small change of some parameter or initial value can lead to a completely different prediction. Non-linearity breeds chaos.

Keywords

Europe Steam Transportation Brittle Marketing 

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Copyright information

© Springer-Verlag Berlin · Heidelberg 1993

Authors and Affiliations

  • Åke E. Andersson

There are no affiliations available

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