Piecewise smooth systems are intensively studied today in many application areas, such as economics, finance, engineering, biology, and ecology. In this work, we consider a class of one-dimensional piecewise linear discontinuous maps with a finite number of partitions and functions sharing the same real fixed point. We show that the dynamics of this class of maps can be analyzed using the well-known piecewise linear circle map. We prove that their bounded behavior, when unrelated to the fixed point, may consist of either nonhyperbolic cycles or quasiperiodic orbits densely filling certain segments, with possible coexistence. A corresponding model describing the price dynamics of a financial market serves as an illustrative example. While simulated model dynamics may be mistaken for chaotic behavior, our results demonstrate that they are quasiperiodic.

Gardini, L., Radi, D., Schmitt, N., Sushko, I., Westerhoff, F., Dynamics of 1D discontinuous maps with multiple partitions and linear functions having the same fixed point. An application to financial market modeling, <<PHYSICA D-NONLINEAR PHENOMENA>>, 2025; 482 (November): N/A-N/A. [doi:10.1016/j.physd.2025.134895] [https://hdl.handle.net/10807/324141]

Dynamics of 1D discontinuous maps with multiple partitions and linear functions having the same fixed point. An application to financial market modeling

Radi, Davide
Secondo
Methodology
;
Sushko, Iryna
Penultimo
Methodology
;
2025

Abstract

Piecewise smooth systems are intensively studied today in many application areas, such as economics, finance, engineering, biology, and ecology. In this work, we consider a class of one-dimensional piecewise linear discontinuous maps with a finite number of partitions and functions sharing the same real fixed point. We show that the dynamics of this class of maps can be analyzed using the well-known piecewise linear circle map. We prove that their bounded behavior, when unrelated to the fixed point, may consist of either nonhyperbolic cycles or quasiperiodic orbits densely filling certain segments, with possible coexistence. A corresponding model describing the price dynamics of a financial market serves as an illustrative example. While simulated model dynamics may be mistaken for chaotic behavior, our results demonstrate that they are quasiperiodic.
2025
Inglese
Gardini, L., Radi, D., Schmitt, N., Sushko, I., Westerhoff, F., Dynamics of 1D discontinuous maps with multiple partitions and linear functions having the same fixed point. An application to financial market modeling, <<PHYSICA D-NONLINEAR PHENOMENA>>, 2025; 482 (November): N/A-N/A. [doi:10.1016/j.physd.2025.134895] [https://hdl.handle.net/10807/324141]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/324141
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