Financial laws as algebraic automata
Salvador Cruz Rambaud, José Garcı́a Pérez · International Journal of Intelligent Systems · 2001
It is shown that the concept of financial law has the structure of an automaton. Furthermore, a financial law induces a group structure into the monoid of the automaton. The concepts of stationary, stationary of order n, and dynamic financial laws are deduced, proving two algebraic characterizations. Finally the concept of ā-stationary financial law and some applications are introduced. © 2001 John Wiley & Sons, Inc.