Piecewise Business Bubble System under Classical and Nonsingular Kernel of Mittag–Leffler Law
This study aims to investigate the dynamics of three agents in the emerging business bubble model based on the Mittag–Leffler law pertaining to the piecewise classical derivative and non-singular kernel. By generalizing the business bubble dynamics in terms of fractional operators and the piecewise...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-03-01
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| Series: | Entropy |
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| Online Access: | https://www.mdpi.com/1099-4300/25/3/459 |
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| author | Chao Zhang Bo Li |
| author_facet | Chao Zhang Bo Li |
| author_sort | Chao Zhang |
| collection | DOAJ |
| description | This study aims to investigate the dynamics of three agents in the emerging business bubble model based on the Mittag–Leffler law pertaining to the piecewise classical derivative and non-singular kernel. By generalizing the business bubble dynamics in terms of fractional operators and the piecewise concept, this study presents a new perspective to the field. The entire set of intervals is partitioned into two piecewise intervals to analyse the classical order and conformable order derivatives of an Atangana–Baleanu operator. The subinterval analysis is critical for removing discontinuities in each sub-partition. The existence and uniqueness of the solution based on a piecewise global derivative are tested for the considered model. The approximate root of the system is determined using the piecewise numerically iterative technique of the Newton polynomial. Under the classical order and non-singular law, the approximate root scheme is applied to the piecewise derivative. The curve representation for the piece-wise globalised system is tested by applying the data for the classical and different conformable orders. This establishes the entire density of each compartment and shows a continuous spectrum instead of discrete dynamics. The concept of this study can also be applied to investigate crossover behaviours or abrupt changes in the dynamics of the values of each market. |
| first_indexed | 2024-03-11T06:34:47Z |
| format | Article |
| id | doaj.art-43d1629733904c479566a7b861e79898 |
| institution | Directory Open Access Journal |
| issn | 1099-4300 |
| language | English |
| last_indexed | 2024-03-11T06:34:47Z |
| publishDate | 2023-03-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Entropy |
| spelling | doaj.art-43d1629733904c479566a7b861e798982023-11-17T10:56:30ZengMDPI AGEntropy1099-43002023-03-0125345910.3390/e25030459Piecewise Business Bubble System under Classical and Nonsingular Kernel of Mittag–Leffler LawChao Zhang0Bo Li1School of Management, Hefei University of Technology, Hefei 230002, ChinaSchool of Finance, Anhui University of Finance and Economics, Bengbu 233030, ChinaThis study aims to investigate the dynamics of three agents in the emerging business bubble model based on the Mittag–Leffler law pertaining to the piecewise classical derivative and non-singular kernel. By generalizing the business bubble dynamics in terms of fractional operators and the piecewise concept, this study presents a new perspective to the field. The entire set of intervals is partitioned into two piecewise intervals to analyse the classical order and conformable order derivatives of an Atangana–Baleanu operator. The subinterval analysis is critical for removing discontinuities in each sub-partition. The existence and uniqueness of the solution based on a piecewise global derivative are tested for the considered model. The approximate root of the system is determined using the piecewise numerically iterative technique of the Newton polynomial. Under the classical order and non-singular law, the approximate root scheme is applied to the piecewise derivative. The curve representation for the piece-wise globalised system is tested by applying the data for the classical and different conformable orders. This establishes the entire density of each compartment and shows a continuous spectrum instead of discrete dynamics. The concept of this study can also be applied to investigate crossover behaviours or abrupt changes in the dynamics of the values of each market.https://www.mdpi.com/1099-4300/25/3/459piecewise financial bubble modelclassical derivativeAtangana–Baleanu operatorexistence and uniqueness of solutionsimulation of curves |
| spellingShingle | Chao Zhang Bo Li Piecewise Business Bubble System under Classical and Nonsingular Kernel of Mittag–Leffler Law Entropy piecewise financial bubble model classical derivative Atangana–Baleanu operator existence and uniqueness of solution simulation of curves |
| title | Piecewise Business Bubble System under Classical and Nonsingular Kernel of Mittag–Leffler Law |
| title_full | Piecewise Business Bubble System under Classical and Nonsingular Kernel of Mittag–Leffler Law |
| title_fullStr | Piecewise Business Bubble System under Classical and Nonsingular Kernel of Mittag–Leffler Law |
| title_full_unstemmed | Piecewise Business Bubble System under Classical and Nonsingular Kernel of Mittag–Leffler Law |
| title_short | Piecewise Business Bubble System under Classical and Nonsingular Kernel of Mittag–Leffler Law |
| title_sort | piecewise business bubble system under classical and nonsingular kernel of mittag leffler law |
| topic | piecewise financial bubble model classical derivative Atangana–Baleanu operator existence and uniqueness of solution simulation of curves |
| url | https://www.mdpi.com/1099-4300/25/3/459 |
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