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Feedback Control of a Chaotic Finance System with Two Delays

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  • Zhichao Jiang
  • Tongqian Zhang

Abstract

In this research, we use the double-delayed feedback control (DDFC) method in order to control chaos in a finance system. Taking delays as parameters, the dynamic behavior of the system is investigated. Firstly, we study the local stability of equilibrium and the existence of local Hopf bifurcations. It can find that the delays can make chaos disappear and generate a stable equilibrium or periodic solution, which means the effectiveness of DDFC method. By using the normal form theory and center manifold argument, one derives the explicit algorithm for determining the properties of bifurcation. In addition, we also apply some mathematical methods (stability crossing curves) to show the stability changes of the financial system in two parameters’ plane. Finally, we give some numerical simulations by Matlab Microsoft to show the validity of theoretical analyses.

Suggested Citation

  • Zhichao Jiang & Tongqian Zhang, 2020. "Feedback Control of a Chaotic Finance System with Two Delays," Complexity, Hindawi, vol. 2020, pages 1-17, May.
  • Handle: RePEc:hin:complx:4937569
    DOI: 10.1155/2020/4937569
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