Memory effects on binary choices with impulsive agents: Bistability and a new BCB structure
L Gardini1, A Dal Forno2, U Merlone3
1Department of Economics, Society and Politics, University of Urbino, Via A. Saffi n. 42, 61029 Urbino, Italy.
Abstract:
After the seminal works by Schelling, several authors have considered models representing binary choices by different kinds of agents or groups of people. The role of the memory in these models is still an open research argument, on which scholars are investigating. The dynamics of binary choices with impulsive agents has been represented, in the recent literature, by a one-dimensional piecewise smooth map. Following a similar way of modeling, we assume a memory effect which leads the next output to depend on the present and the last state. This results in a two-dimensional piecewise smooth map with a limiting case given by a piecewise linear discontinuous map, whose dynamics and bifurcations are investigated. The map has a particular structure, leading to trajectories belonging only to a pair of straight lines. The system can have, in general, only attracting cycles, but the related periods and periodicity regions are organized in a complex structure of the parameter space. We show that the period adding structure, characteristic for the one-dimensional case, also persists in the two-dimensional one. The considered cycles have a symbolic sequence which is obtained by the concatenation of the symbolic sequences of cycles, which play the role of basic cycles in the bifurcation structure. Moreover, differently from the one-dimensional case, the coexistence of two attracting cycles is now possible. The bistability regions in the parameter space are investigated, evidencing the role of different kinds of codimension-two bifurcation points, as well as in the phase space and the related basins of attraction are described.
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