Dynamics Analysis and Adaptive Synchronization of a Class of Fractional-Order Chaotic Financial Systems

Abstract

It is of practical significance to realize a stable and controllable financial system by using chaotic synchronization theory. In this paper, the dynamics and synchronization are studied for a class of fractional-order chaotic financial systems. First, the stability and dynamics of the fractional-order chaotic financial system are analyzed by using the phase trajectory diagram, time series diagram, bifurcation diagram, and Lyapunov exponential diagram. Meanwhile, we obtain the range of each parameter that puts the system in a periodic state, and we also reveal the relationship of the derivative order and the chaotic behaviors. Then, the adaptive control strategy is designed to achieve synchronization of the chaotic financial system. Finally, the theoretical results and control method are verified by numerical simulations.

Keywords

• dynamics analysis
• chaotic financial systems
• fractional order
• synchronization