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

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  • Baogui Xin
  • Wei Peng
  • Yekyung Kwon
  • Yanqin Liu

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.

Suggested Citation

  • Baogui Xin & Wei Peng & Yekyung Kwon & Yanqin Liu, 2019. "Modeling, discretization, and hyperchaos detection of conformable derivative approach to a financial system with market confidence and ethics risk," Papers 1903.12267, arXiv.org, revised Apr 2019.
    • Handle: RePEc:arx:papers:1903.12267
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    References listed on IDEAS

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