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Chaos in a fractional-order financial system. (English) Zbl 1482.91213

Summary: In this paper, a fractional order financial system is proposed, and the complex dynamical behaviours of such a system are discussed by numerical simulations. We present a method for solving chaos in fractional-order financial system. Also, we derive the Hat function operational matrix of the fractional order integration and use it to solve the fractional-order financial system. To demonstrate the validity of the presented developments, three numerical simulations are given to verify the effectiveness of the proposed method.

MSC:

91G45 Financial networks (including contagion, systemic risk, regulation)
26A33 Fractional derivatives and integrals
34A08 Fractional ordinary differential equations
91-10 Mathematical modeling or simulation for problems pertaining to game theory, economics, and finance
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