Research Article

The Emergence of Bull and Bear Dynamics in a Nonlinear Model of Interacting Markets

Figure 15

Bifurcation diagram of the dynamic behavior of as a function of the parameter , in the three-dimensional model, at the other parameter values given in the text (Section 5). Pitchfork bifurcation of the fundamental at Flip bifurcation of at flip bifurcation of at First homoclinic bifurcation of first homoclinic bifurcation of at Global bifurcation causing the disappearance of the chaotic set with at global bifurcation causing the explosion to a wide chaotic set at Final bifurcation at
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310471.fig.0015b
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