Modeling, discretization, and hyperchaos detection of conformable derivative approach to a financial system with market confidence and ethics risk

We propose a new chaotic financial system by considering ethics involvement in a four-dimensional financial system with market confidence. We present a five-dimensional conformable derivative financial system by introducing conformable fractional calculus to the integer-order system. We propose a di...

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Veröffentlicht in:Advances in difference equations 2019-04, Vol.2019 (1), p.1-14, Article 138
Hauptverfasser: Xin, Baogui, Peng, Wei, Kwon, Yekyung, Liu, Yanqin
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Sprache:eng
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Zusammenfassung:We propose a new chaotic financial system by considering ethics involvement in a four-dimensional financial system with market confidence. We present a five-dimensional conformable derivative financial system by introducing conformable fractional calculus to the integer-order system. We propose a discretization scheme to calculate numerical solutions of conformable derivative systems. We illustrate the scheme by testing hyperchaos for the system.
ISSN:1687-1847
1687-1839
1687-1847
DOI:10.1186/s13662-019-2074-8