Strange Attractor

Definition:

An attractor in phase space, where the points never repeat themselves, and orbits never intersect, but they stay within the same region of phase space. Unlike limit cycles or point attractors, strange attractors are non-periodic, and generally have a fractal dimension. They are a picture of a non-linear, chaotic system. See: Attractor, Chaos, Limit Cycle, Point Attractor.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Financial meltdown

Refers to events like steep fall in stock markets, decline in asset values, corporate losses etc. that hurt the economy and lead to losses for investors.

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