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[solow.md] Update np.random → Generator API #739

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[solow.md] Update np.random → Generator API #739

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3 changes: 2 additions & 1 deletion lectures/solow.md
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Original file line number Diff line number Diff line change
Expand Up @@ -589,13 +589,14 @@ s = 0.6
α = 0.3
δ = 0.5
x0 = [.25, 3.25] # list of initial values used for simulation
rng = np.random.default_rng()
```

Let's define the function *k_next* to find the next value of $k$

```{code-cell} ipython3
def lgnorm():
return np.exp(μ + σ * np.random.randn())
return np.exp(μ + σ * rng.standard_normal())

def k_next(s, α, δ, k):
return lgnorm() * s * k**α + (1 - δ) * k
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