![](/images/graphics-bg.png)
Hopf Bifurcation and Dynamic Analysis of an Improved Financial System with Two Delays
Joint Authors
Zhang, Wei
Kai, G.
Jin, Z.
Wang, C. Z.
Source
Issue
Vol. 2020, Issue 2020 (31 Dec. 2020), pp.1-13, 13 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2020-02-27
Country of Publication
Egypt
No. of Pages
13
Main Subjects
Abstract EN
The complex chaotic dynamics and multistability of financial system are some important problems in micro- and macroeconomic fields.
In this paper, we study the influence of two-delay feedback on the nonlinear dynamics behavior of financial system, considering the linear stability of equilibrium point under the condition of single delay and two delays.
The system undergoes Hopf bifurcation near the equilibrium point.
The stability and bifurcation directions of Hopf bifurcation are studied by using the normal form method and central manifold theory.
The theoretical results are verified by numerical simulation.
Furthermore, one feature of the proposed financial chaotic system is that its multistability depends extremely on the memristor initial condition and the system parameters.
It is shown that the nonlinear dynamics of financial chaotic system can be significantly changed by changing the values of time delays.
American Psychological Association (APA)
Kai, G.& Zhang, Wei& Jin, Z.& Wang, C. Z.. 2020. Hopf Bifurcation and Dynamic Analysis of an Improved Financial System with Two Delays. Complexity،Vol. 2020, no. 2020, pp.1-13.
https://search.emarefa.net/detail/BIM-1141647
Modern Language Association (MLA)
Kai, G.…[et al.]. Hopf Bifurcation and Dynamic Analysis of an Improved Financial System with Two Delays. Complexity No. 2020 (2020), pp.1-13.
https://search.emarefa.net/detail/BIM-1141647
American Medical Association (AMA)
Kai, G.& Zhang, Wei& Jin, Z.& Wang, C. Z.. Hopf Bifurcation and Dynamic Analysis of an Improved Financial System with Two Delays. Complexity. 2020. Vol. 2020, no. 2020, pp.1-13.
https://search.emarefa.net/detail/BIM-1141647
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1141647