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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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