The investigation of dynamics of piecewise-smooth maps is both intriguing from the mathematical point of view and important for applications in various fields, ranging from mechanical and electrical engineering up to financial markets. In this book, we review the attracting and repelling invariant sets of continuous and discontinuous one-dimensional piecewise-smooth maps. We describe the bifurcations occurring in these maps (border collision and degenerate bifurcations, as well as homoclinic bifurcations and the related transformations of chaotic attractors) and survey the basic scenarios and structures involving these bifurcations. In particular, the bifurcation structures in the skew tent map and its application as a border collision normal form are discussed. We describe the period adding and incrementing bifurcation structures in the domain of regular dynamics of a discontinuous piecewise-linear map, and the related bandcount adding and incrementing structures in the domain of robust chaos. Also, we explain how these structures originate from particular codimension-two bifurcation points which act as organizing centers. In addition, we present the map replacement technique which provides a powerful tool for the description of bifurcation structures in piecewise-linear and other form of invariant maps to a much further extent than the other approaches.

​This book comprises selected papers of the 26th International Conference on Difference Equations and Applications, ICDEA 2021, held virtually at the University of Sarajevo, Bosnia and Herzegovina, in July 2021. The book includes the latest and significant research and achievements in difference equations, discrete dynamical systems, and their applications in various scientific disciplines. The book is interesting for Ph.D. students and researchers who want to keep up to date with the latest research, developments, and achievements in difference equations, discrete dynamical systems, and their applications, the real-world problems.

This book reflects the state of the art on nonlinear economic dynamics, financial market modelling and quantitative finance. It contains eighteen papers with topics ranging from disequilibrium macroeconomics, monetary dynamics, monopoly, financial market and limit order market models with boundedly rational heterogeneous agents to estimation, time series modelling and empirical analysis and from risk management of interest-rate products, futures price volatility and American option pricing with stochastic volatility to evaluation of risk and derivatives of electricity market. The book illustrates some of the most recent research tools in these areas and will be of interest to economists working in economic dynamics and financial market modelling, to mathematicians who are interested in applying complexity theory to economics and finance and to market practitioners and researchers in quantitative finance interested in limit order, futures and electricity market modelling, derivative pricing and risk management.

Cycles, Growth and the Great Recession is a collection of papers that assess the nature and role of the business cycle in contemporary economies. These assessments are made in the context of the financial market instability that distinguishes the Great Recession from previous post-war slowdowns. Theorists and applied scholars in the fields of economics and mathematical economics discuss various approaches to understanding cycles and growth, and present mathematical and applied macro models to show how uncertainty shapes cycles by affecting the economic agent choice. Also included is an empirical section that investigates how the Great Recession affected households’ housing wealth, labour productivity and migration decisions. This book aims to: Propose a novel understanding of the business cycle by comparing the approaches of various scholars, starting from Hyman Minsky and Piero Ferri. Show that uncertainty is a main feature of the business cycle that affects decision-making and economic behaviour in general. Explain with mathematical models how the behaviour of economic agents can lead to cyclical paths for modern developed economies. Augment theory with empirical analysis of some central issues related to the Great Recession. This book comprises an original view of such widely discussed subjects as business cycles, uncertainty, economic growth and the Great Recession, constructed around theory, models and applications.

This book is devoted to the study of an effective frequency-domain approach, based on systems control theory, to compute and analyze several types of standard bifurcation conditions for general continuous-time nonlinear dynamical systems. A very rich pictorial gallery of local bifurcation diagrams for such nonlinear systems under simultaneous variations of several system parameters is presented. Some higher-order harmonic balance approximation formulas are derived for analyzing the oscillatory dynamics in small neighborhoods of certain types of Hopf and degenerate Hopf bifurcations.The frequency-domain approach is then extended to the large class of delay-differential equations, where the time delays can be either discrete or distributed. For the case of discrete delays, two alternatives are presented, depending on the structure of the underlying dynamical system, where the more general setting is then extended to the case of distributed time-delayed systems. Some representative examples in engineering and biology are discussed.

This 4-volume compendium contains the verbatim hard copies of all color slides from the Chua Lecture Series presented at HP in Palo Alto, during the period from September 22 to November 24, 2015. Each lecture consists of 90 minutes, divided into a formal lecture, a discussion session, and an Encore of special trivia that the audience found mesmerizing.These lectures share some unique features of the classic Feynman Lectures on Physics, as much of the materials are presented in the unique style of the author, and the content is original as discovered or invented by the author himself. Unlike most technical books that suffer a notoriously short life span as their features could be superseded by superior models, this series of Chua lectures are intended to never be obsolete — many concepts and principles introduced are in fact new laws of nature, written in the language of sophomore-level mathematics, providing the foundation and the elan vital for initiating and nurturing future concepts and inventions.Volume II — shows that memristors can be either volatile or non-volatile, and effectively proving that synapses are non-volatile memristors, while action potentials are generated by locally-active memristors.

This volume provides a comprehensive introduction to the modern theory of differential-operator and kinetic models including Vlasov-Maxwell, Fredholm, Lyapunov-Schmidt branching equations to name a few. This book will bridge the gap in the considerable body of existing academic literature on the analytical methods used in studies of complex behavior of differential-operator equations and kinetic models. This monograph will be of interest to mathematicians, physicists and engineers interested in the theory of such non-standard systems.

This 4-volume compendium contains the verbatim hard copies of all color slides from the Chua Lecture Series presented at HP in Palo Alto, during the period from September 22 to November 24, 2015. Each lecture consists of 90 minutes, divided into a formal lecture, a discussion session, and an Encore of special trivia that the audience found mesmerizing.These lectures share some unique features of the classic Feynman Lectures on Physics, as much of the materials are presented in the unique style of the author, and the content is original as discovered or invented by the author himself. Unlike most technical books that suffer a notoriously short life span as their features could be superseded by superior models, this series of Chua lectures are intended to never be obsolete — many concepts and principles introduced are in fact new laws of nature, written in the language of sophomore-level mathematics, providing the foundation and the elan vital for initiating and nurturing future concepts and inventions.Volume I — covers everything that a researcher may want to know about memristors but is too afraid to ask.Volume II — shows that memristors can be either volatile or non-volatile, and effectively proving that synapses are non-volatile memristors, while action potentials are generated by locally-active memristors.Volume III — presents an overview of the fascinating phenomenon called chaos, while immersing the audience with the sights and sound of chaos from the Chua Circuit, invented in 1984 by Leon Chua, and has now become the standard textbook example of chaos exhibited by a real nonlinear electronic circuit, and not by computer simulations.Volume IV — surprises the audience with a new law of nature — dubbed the local activity principle, as discovered and proved mathematically in 1996 by Leon Chua. In particular, a Corollary of Chua's local activity theorem, dubbed the edge of chaos, is shown via insightful examples to be the originator of most complex phenomena, including intelligence, creativity, and deep learning. The edge of chaos is Mother Nature's tool for overcoming the tyranny of the second law of thermodynamics by providing an escape hatch for entropy to decrease over time. Indeed, the local activity principle which is profusely illustrated in the final volume, is widely recognized as a new law of thermodynamics, and is identified as the sine qua non of all complex phenomena, including life itself.Exclusive Access to the accompanying Video and Audio materials comes with the purchase of this book.

This 4-volume compendium contains the verbatim hard copies of all color slides from the Chua Lecture Series presented at HP in Palo Alto, during the period from September 22 to November 24, 2015. Each lecture consists of 90 minutes, divided into a formal lecture, a discussion session, and an Encore of special trivia that the audience found mesmerizing.These lectures share some unique features of the classic Feynman Lectures on Physics, as much of the materials are presented in the unique style of the author, and the content is original as discovered or invented by the author himself. Unlike most technical books that suffer a notoriously short life span as their features could be superseded by superior models, this series of Chua lectures are intended to never be obsolete — many concepts and principles introduced are in fact new laws of nature, written in the language of sophomore-level mathematics, providing the foundation and the elan vital for initiating and nurturing future concepts and inventions.Volume I — covers everything that a researcher may want to know about memristors but is too afraid to ask.

This 4-volume compendium contains the verbatim hard copies of all color slides from the Chua Lecture Series presented at HP in Palo Alto, during the period from September 22 to November 24, 2015. Each lecture consists of 90 minutes, divided into a formal lecture, a discussion session, and an Encore of special trivia that the audience found mesmerizing.These lectures share some unique features of the classic Feynman Lectures on Physics, as much of the materials are presented in the unique style of the author, and the content is original as discovered or invented by the author himself. Unlike most technical books that suffer a notoriously short life span as their features could be superseded by superior models, this series of Chua lectures are intended to never be obsolete — many concepts and principles introduced are in fact new laws of nature, written in the language of sophomore-level mathematics, providing the foundation and the elan vital for initiating and nurturing future concepts and inventions.Volume IV — surprises the audience with a new law of nature — dubbed the local activity principle, as discovered and proved mathematically in 1996 by Leon Chua. In particular, a Corollary of Chua's local activity theorem, dubbed the edge of chaos, is shown via insightful examples to be the originator of most complex phenomena, including intelligence, creativity, and deep learning. The edge of chaos is Mother Nature's tool for overcoming the tyranny of the second law of thermodynamics by providing an escape hatch for entropy to decrease over time. Indeed, the local activity principle which is profusely illustrated in the final volume, is widely recognized as a new law of thermodynamics, and is identified as the sine qua non of all complex phenomena, including life itself.