Ruedi Stoop () (Institute of Neuroinformatics, University/ETH Zurich and Univ. of Applied Technical Sciences of Northwestern Switzerland, Olten) Albert Kern () (Institute of Neuroinformatics, University/ETH Zurich) Clemens Wagner () (Department of Pharmacology, University of Bern)
Abstract
We investigate a simple nonlinear model of economics to which strong multiplicative noise is added, and find two distinct generic control regimes. In the regime of noisy behavior, the application of the control is able to reduce noise only if the underlying periodicity is correctly taken into account. In the chaotic regime, a shift of the optimal control point relative to the noise-free control point is observed, scaling linearly with the noise strength. The best control results emerge for unstable orbits of period-one, which suggests, that economic systems should preferably be controlled on these states.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.