Finite-time stabilization of a perturbed chaotic finance model.

[Display omitted] • This article proposes a new robust nonlinear controller that stabilizes a chaotic finance system in a finite-time without cancellation of the spacecraft's nonlinear terms, it improves the efficiency of the closed-loop. • It accomplishes an oscillation-free faster convergence of the perturbed state variables to the desired steady-state. • The proposed controller is insensitive to the parameter uncertainties of the nonlinear terms and exogenous disturbances. • The paper performs a comparative study to verify the performance and efficiency of the proposed controller. Robust, stable financial systems significantly improve the growth of an economic system. The stabilization of financial systems poses the following challenges. The state variables' trajectories (i) lie outside the basin of attraction, (ii) have high oscillations, and (iii) converge to the equilibrium state slowly. This paper aims to design a controller that develops a robust, stable financial closed-loop system to address the challenges above by (i) attracting all state variables to the origin, (ii) reducing the oscillations, and (iii) increasing the gradient of the convergence. This paper proposes a detailed mathematical analysis of the steady-state stability, dissipative characteristics, the Lyapunov exponents, bifurcation phenomena, and Poincare maps of chaotic financial dynamic systems. The proposed controller does not cancel the nonlinear terms appearing in the closed-loop. This structure is robust to the smoothly varying system parameters and improves closed-loop efficiency. Further, the controller eradicates the effects of inevitable exogenous disturbances and accomplishes a faster, oscillation-free convergence of the perturbed state variables to the desired steady-state within a finite time. The Lyapunov stability analysis proves the closed-loop global stability. The paper also discusses finite-time stability analysis and describes the controller parameters' effects on the convergence rates. Computer-based simulations endorse the theoretical findings, and the comparative study highlights the benefits. Theoretical analysis proofs and computer simulation results verify that the proposed controller compels the state trajectories, including trajectories outside the basin of attraction, to the origin within finite time without oscillations while being faster than the other controllers discussed in the comparative study section. This article proposes a novel robust, nonlinear finite-time controller for the robust stabilization of the chaotic finance model. It provides an in-depth analysis based on the Lyapunov stability theory and computer simulation results to verify the robust convergence of the state variables to the origin. [ABSTRACT FROM AUTHOR]