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The Riccati differential equation is a well-known nonlinear differential equation and has different applications in engineering and science domains, such as robust stabilization, stochastic realization theory, network synthesis, and optimal control, and in financial mathematics. In this study, we aim to approximate the solution of a fractional Riccati equation of order 0β1 with Atangana–Baleanu derivative (ABC). Our numerical scheme is based on Laplace transform (LT) and quadrature rule. We apply LT to the given fractional differential equation, which reduces it to an algebraic equation. The reduced equation is solved for the unknown in LT space. The solution of the original problem is retrieved by representing it as a Bromwich integral in the complex plane along a smooth curve. The Bromwich integral is approximated using the trapezoidal rule. Some numerical experiments are performed to validate our numerical scheme.
Liu et al. (Mon,) studied this question.