Abstract
A dynamical system is described by a pair (X, f) where X is a nonempty set (called the state space) and f is a function (called the law of motion) from X into X. Thus, if x t is the state of the system in period t, then
is the state of the system in period t + 1.
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© 2000 Springer-Verlag Berlin Heidelberg
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Majumdar, M., Mitra, T. (2000). Dynamical Systems: A Tutorial. In: Optimization and Chaos. Studies in Economic Theory, vol 11. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-04060-7_1
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DOI: https://doi.org/10.1007/978-3-662-04060-7_1
Publisher Name: Springer, Berlin, Heidelberg
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