Synchronization between Two Different Chaotic Finance Systems

KOCAMAZ U. E., UYAROĞLU Y., ÇAĞIL G., TORKUL O.

1st International Work-Conference on Time Series (ITISE), Granada, Nicaragua, 25 - 27 June 2014, pp.250-259 identifier

  • Publication Type: Conference Paper / Full Text
  • City: Granada
  • Country: Nicaragua
  • Page Numbers: pp.250-259
  • Keywords: Chaotic finance systems, Active control, Chaos synchronization
  • Bursa Uludag University Affiliated: Yes

Abstract

In this paper, non-identical synchronization of chaotic finance systems is investigated. There are two different chaotic finance systems. They are described from their formulas; time series and phase space portraits are given graphically. Synchronization between them utilizes some benefits to economic advantages on account of acquiring the same interest rate, investment demand and price index. In order to synchronize these chaotic finance systems, active control method is proposed. Lyapunov function is used to ensure the asymptotic stability of error system. Simulation results are shown in figures to validate the synchronization between two different chaotic finance systems.