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- W1492014194 abstract "We analyse the recurrence xn+1=f(zn), where zn is a weighted power mean of x0,…,xn, which has been proposed to model a class of non-linear forward-looking economic models with bounded rationality. Under suitable hypotheses on weights, we prove the convergence of the sequence xn. Then, to simulate a fading memory, we consider exponentially decreasing weights. Since, in this case, the resulting recurrence does not fulfil the hypotheses of the previous convergence theorem, it is studied by reducing it to an equivalent two-dimensional autonomous map, which shares the asymptotic behaviours with a particular one-dimensional map. This allows us to prove that a long memory with sufficiently large weights has a stabilizing effect. Finally, we numerically investigate what happens when the memory ratio is not sufficiently large to provide stability, showing that, depending on the power mean and the memory ratio, either a delayed or early cascade of flip bifurcations occurs." @default.
- W1492014194 created "2016-06-24" @default.
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- W1492014194 date "2015-11-03" @default.
- W1492014194 modified "2023-09-27" @default.
- W1492014194 title "Mann iteration with power means" @default.
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- W1492014194 doi "https://doi.org/10.1080/10236198.2015.1080252" @default.
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