RETRACTED: Analysis of nonlinear duopoly game with heterogeneous players

The paper considers a nonlinear duopoly game with heterogeneous players, boundely rational and naive expectations.A duopolygameismodelled bytwononlineardifferenceequations. Theexistenceandstabilityof the equilibria of this system are studied. The complex dynamics, bifurcations and chaos are displayed by computing numerically the largest Lyapunov exponents, sensitive dependence on initial conditions and fractal dimension of the chaotic attractor.

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