DocumentCode :
2552388
Title :
Dynamical Behaviors and Chaos in a New Fractional-order Financial System
Author :
Cui, Zhoujin ; Yu, Pinneng ; Wen, Zong
Author_Institution :
Inst. of Sci., PLA Univ. of Sci. & Technol., Nanjing, China
fYear :
2012
fDate :
18-21 Oct. 2012
Firstpage :
109
Lastpage :
113
Abstract :
This study examines some dynamical behaviors, in simulations of financial systems. A new fractional-order financial system is proposed in this study. It is a generalization of a dynamic financial model recently reported in the literature. The basic dynamical behaviors of this financial system are investigated, such as the equilibrium, stability. Furthermore, it has been found that chaos exists in the fractional-order financial systems. Numerical simulations are given to illustrate and verify the results.
Keywords :
chaos; econophysics; numerical analysis; chaos; dynamic financial model; dynamical behaviors; fractional-order financial system; numerical simulations; Chaos; Economic indicators; Educational institutions; Eigenvalues and eigenfunctions; Fractional calculus; Numerical models; Chaos; Dynamical behavior; Fractional order; Numerical simulation;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Chaos-Fractals Theories and Applications (IWCFTA), 2012 Fifth International Workshop on
Conference_Location :
Dalian
Print_ISBN :
978-1-4673-2825-8
Type :
conf
DOI :
10.1109/IWCFTA.2012.32
Filename :
6383264
Link To Document :
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