Abstract
The model presented is one theoretical approach within a broader research program that could verify the nonlinear conjectures made, such that to quantify and predict potential discontinuous behaviour. In this case, the crisis behaviour associated with financial funds reallocation among various credit instruments, described as memes with the sense of Dawkins, is shown to be of discontinuous nature stemming from a logistic penetration in the behaviour niche. Actually the logistic penetration is typical in creating cyclic behaviour of economic structures as shown by Marchetti and others from IIASA. A Fokker-Planck equation description results in a stationary solution having a bifurcation like solution with evolution trajectories on a ‘cusp’ type catastrophe that may describe discontinuous decision behaviour.
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Acknowledgements
This paper is supported by the Sectorial Operational Programme Human Resources Development (SOP HRD), financed from the European Social Fund and by the Romanian Government under the contract number SOP HRD/89/1.5/S/62988.
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Purica, I. (2013). Occupy the Financial Niche: Saturation and Crisis. In: Stavrinides, S., Banerjee, S., Caglar, S., Ozer, M. (eds) Chaos and Complex Systems. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-33914-1_16
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DOI: https://doi.org/10.1007/978-3-642-33914-1_16
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