Abstract
Market price fluctuation was the very first example of fractals, and since then many examples of fractals have been found in the field of Economics. Fractals are everywhere in economics. In this article the main attention is focused on real world examples of fractals in the field of economics, especially market properties, income distributions, money flow, sales data and network structures. Basic mathematics and physics models of power law distributions are reviewed so that readers can start reading without any special knowledge.
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CITATION STYLE
Takayasu, M., & Takayasu, H. (2012). Fractals and Economics. In Mathematics of Complexity and Dynamical Systems (pp. 512–531). Springer New York. https://doi.org/10.1007/978-1-4614-1806-1_32
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