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

Baogui Xin, Wei Peng, Yekyung Kwon and Yanqin Liu

Papers from arXiv.org

Abstract: A new chaotic financial system is proposed by considering ethics involvement in a four-dimensional financial system with market confidence. A five-dimensional conformable derivative financial system is presented by introducing conformable fractional calculus to the integer-order system. A discretization scheme is proposed to calculate numerical solutions of conformable derivative systems. The scheme is illustrated by testing hyperchaos for the system.

Date: 2019-03, Revised 2019-04
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