Nonlinear Dynamics, Chaos, and Instability: Statistical Theory and Economic Evidence »

William A. Brock is Vilas Research Professor of Economics at the University of Wisconsin, Madison.

David A. Hsieh is Professor of Business at the Fuqua School of Business, Duke University.

Blake LeBaron is Assistant Professor of Economics at the University of Wisconsin, Madison.

Brock, Hsieh, and LeBaron show how the principles of chaos theory can be applied to such areas of economics and finance as the changing structure of stock returns and nonlinearity in foreign exchange.

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By providing a unified and complete explanation of new statistical methods that are useful for testing for chaos in data sets, Brock, David A Hsieh, and Blake LeBaron show how the principles of chaos theory can be applied to such areas of economics and finance as the changing structure of stock returns and nonlinearity in foreign exchange. Annotation c. Book News, Inc., Portland, OR (booknews.com)