Publication | Open Access
Maximal Lyapunov exponent at crises
34
Citations
18
References
1996
Year
EngineeringChaos TheoryLyapunov AnalysisEntropyStabilityLyapunov ExponentsHigh-dimensional ChaosMaximal Lyapunov ExponentBifurcation TheoryMerging CrisisCrisis ManagementAttractorWidening CrisisFinancial Crisis
We study the variation of Lyapunov exponents of simple dynamical systems near attractor-widening and attractor-merging crises. The largest Lyapunov exponent has universal behavior, showing abrupt variation as a function of the control parameter as the system passes through the crisis point, either in the value itself, in the case of an attractor-widening crisis, or in the slope, for an attractor-merging crisis. The distribution of local Lyapunov exponents is very different for the two cases: the fluctuations remain constant through a merging crisis, but there is a dramatic increase in the fluctuations at a widening crisis.
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