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