A Generalized Mathematical Model of Rational Economic Behavior

Journal Title: Бізнес Інформ - Year 2015, Vol 12, Issue 0

Abstract

The main purpose of the publication is to build an economical-mathematical model of behavior of economic agent, prone to self-organization. Taking into consideration rationality of economic behavior, a dynamic model has been built, in which as a motivational factor deviation from the valid status towards the desired status has been allocated, which is accompanied by occurrence of a certain value of «desiring...». The model, proposed in the form of a system of partial-derivative equations, is presented as in space of locations so in the space of statuses, providing to explore the socio-economic processes inherent in the postindustrial economy and the knowledge-based economy. At the same time, polar coordinates used in the space of statuses provide to evaluate not only quantitative, but also qualitative indicators. An equation of preservation of overall motivation has been derived as the balance of «coercive» and «compensating» motivations, sum of which remains constant in a stable process (stationary, with the established dynamics, etc.) and without exogenous influence.

Authors and Affiliations

Roman Ivanov

Keywords

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  • EP ID EP106783
  • DOI -
  • Views 86
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How To Cite

Roman Ivanov (2015). A Generalized Mathematical Model of Rational Economic Behavior. Бізнес Інформ, 12(0), 139-143. https://europub.co.uk/articles/-A-106783