Chaos Theory and the Science of Fractals in Finance

The latest financial crisis show that the neoclassical theory has proven obsolete in its task of explaining the behavior of markets, which is why we propose the application of new theories in particle chaos theory and science of fractals to modeling financial. In this paper we present a review of th...

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Autores:
Velázquez, Tania
Tipo de recurso:
Article of journal
Fecha de publicación:
2010
Institución:
Universidad Externado de Colombia
Repositorio:
Biblioteca Digital Universidad Externado de Colombia
Idioma:
spa
OAI Identifier:
oai:bdigital.uexternado.edu.co:001/7308
Acceso en línea:
https://bdigital.uexternado.edu.co/handle/001/7308
https://revistas.uexternado.edu.co/index.php/odeon/article/view/2871
Palabra clave:
fractal
chaos theory
fractal behavior
Rights
openAccess
License
http://purl.org/coar/access_right/c_abf2
Description
Summary:The latest financial crisis show that the neoclassical theory has proven obsolete in its task of explaining the behavior of markets, which is why we propose the application of new theories in particle chaos theory and science of fractals to modeling financial. In this paper we present a review of the literature on the fractal behavior of markets to serve as reference for the behavior of financial markets.