We show that very complicated dynamics arising, e.g. from an overlapping generations model (OLG) with production and an endogenous intertemporal decision between labour and leisure, which produces hyperchaos (both eigenvalues with modulus higher than 1), can in fact be controlled or managed with...

This article surveys boundedly rational heterogeneous agent (BRHA) models of financial markets. We give particular emphasis to the role of the market clearing mechanism used, the utility function of the investors, the interaction of price and wealth dynamics, and calibration of this class of...