A Study on the Complexity of a New Chaotic Financial System. (10th October 2020)

• Record Type: Journal Article
• Authors: Liao, Yi; Zhou, Yiran; Xu, Fei; Shu, Xiao-Bao
• Other Names: Liu Yongjian Academic Editor.
• Is Part Of: Complexity. Volume 2020(2020)
• Publication Date: 2020-10-10
• Subjects: Chaotic behavior in systems -- Periodicals; Complexity (Philosophy) -- Periodicals; 003
• DOI: 10.1155/2020/8821156
• Languages: English
• ISSNs: 1076-2787

Abstract

Abstract : The interaction of elements in a financial system can exhibit complex dynamic behaviours. In this article, we use a system of differential equations to model the evolution of a financial system and study its complexity. Numerical simulations show that the system exhibits a variety of rich dynamic behaviours, including chaos. Bifurcation diagrams show that the system behaves chaotically over a wide range of system parameters.