Suppose n = 4. Show that Vt = 1 is an equilibrium. Sketch a graph and cobweb
Question:
Consider the following continuous system that approximates the discontinuous model studied in this chapter.
Vt+1 = cVt + u(Vt)
where
for the following values of n. Find the equilibria and their stability as a function of c, and describe the dynamics.
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Related Book For
Modeling the Dynamics of Life Calculus and Probability for Life Scientists
ISBN: 978-0840064189
3rd edition
Authors: Frederick R. Adler
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