Strong resonances and chaos in a stock market model
作者:
L. L. GHEZZI,
Y. A. KUZNETSOV,
期刊:
International Journal of Systems Science
(Taylor Available online 1994)
卷期:
Volume 25,
issue 11
页码: 1941-1955
ISSN:0020-7721
年代: 1994
DOI:10.1080/00207729408949324
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
A stock market model is considered, in which two classes of traders follow a time-invariant and a periodically varying feedback policy, respectively. A bifurcation analysis of the periodic solutions is carried out by means of a continuation technique. Attention is devoted to subharmonics, phase-locking and chaos. The latter is shown to emerge through a cascade of period doublings and torus destruction. The economic implications of chaos are examined.
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