Control of a New Financial Risk Contagion Dynamic Model Based on Finite-Time Disturbance

With the widespread application of chaotic systems in many fields, research on chaotic systems is becoming increasingly in-depth. This article first proposes a new dynamic model of financial risk contagion based on financial principles and discusses some basic dynamic characteristics of the new chaotic system, such as equilibrium points, dissipativity, Poincaré diagrams, bifurcation diagrams, etc. Secondly, with the consideration of privacy during data transmission, the method was designed to protect the privacy of controlled systems in finite time based on perturbation. A controller designed for finite time was developed based on Lyapunov stability principles, which achieves system synchronization within a finite time and protects the privacy of the controlled system. The effectiveness was also verified by numerical simulations.

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Institutions

Publication Details

Journal
Entropy
Published
2024-11-21
DOI
https://doi.org/10.3390/e26120999
Citations
2
Primary Topic
Complex Systems and Time Series Analysis
Type
article
Field-Weighted Citation Impact
2.26

Funders

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article

Control of a New Financial Risk Contagion Dynamic Model Based on Finite-Time Disturbance

Chengrong Xie, Yifeng Wei, Yuhua Xu, Xia Qing
2 citations
Entropy
Complex Systems and Time Series Analysis
2.26
article

Control of a New Financial Risk Contagion Dynamic Model Based on Finite-Time Disturbance

Chengrong Xie, Yifeng Wei, Yuhua Xu, Xia Qing
article en
2 citations

Abstract

With the widespread application of chaotic systems in many fields, research on chaotic systems is becoming increasingly in-depth. This article first proposes a new dynamic model of financial risk contagion based on financial principles and discusses some basic dynamic characteristics of the new chaotic system, such as equilibrium points, dissipativity, Poincaré diagrams, bifurcation diagrams, etc. Secondly, with the consideration of privacy during data transmission, the method was designed to protect the privacy of controlled systems in finite time based on perturbation. A controller designed for finite time was developed based on Lyapunov stability principles, which achieves system synchronization within a finite time and protects the privacy of the controlled system. The effectiveness was also verified by numerical simulations.

EntropyVol. 26(12)
Lingnan Normal University (CN), Nanjing Audit University (CN), Guangdong University of Finance (CN), Hanjiang Normal University, City University of Macau (MO)
National Natural Science Foundation of China
Openalex Percentile: Top 8%
Complex Systems and Time Series Analysis
2.26
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