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Stability of equilibria of randomly perturbed maps
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Stability of equilibria of randomly perturbed maps

Pawel Hitczenko, Georgi Medvedev and Department of Mathematics, Drexel University, 3141 Chestnut Street, Philadelphia, PA 19104, USA
arXiv.org, v 22(2), pp 369-381
06 May 2016
url
https://doi.org/10.3934/dcdsb.2017017View
Published, Version of Record (VoR)Open Access (License Unspecified) Open

Abstract

Economic models Maps Stability
We derive a sufficient condition for stability in probability of an equilibrium of a randomly perturbed map in \({\mathbb R}^d\). This condition can be used to stabilize weakly unstable equilibria by random forcing. Analytical results on stabilization are illustrated with numerical examples of randomly perturbed linear and nonlinear maps in one- and two-dimensional spaces.

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Mathematics, Applied
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