Title :
Stochastic models of social-economic dynamics
Author :
Oleg A. Malafeyev;Sergey A. Nemnyugin;Georgy A. Ivaniukovich
Author_Institution :
Saint-Peterburg State University, 7/9 Universitetskaya nab., 199034, Russia
Abstract :
Model of time evolution which may be applied to description both of social and economy dynamics is proposed. The model is based on the assumption that evolution is stochastic process which have Markov property. Empirical data show that the stochastic process is ergodic. Such observation makes it possible to apply the known and proven methods of computer simulation.
Keywords :
"Biological system modeling","Computational modeling","Mathematical model","Markov processes","Economics","Computer simulation"
Conference_Titel :
"Stability and Control Processes" in Memory of V.I. Zubov (SCP), 2015 International Conference
DOI :
10.1109/SCP.2015.7342178