Nonlinear Dynamics in a Cournot Duopoly with Different Attitudes towards Strategic Uncertainty

Figure 6

Parameter set: 𝑎=3, 𝑏=1, 𝑐=0.5, and 𝛾=0.963. (a) Bifurcation diagram of map 𝑀₂ and the corresponding Lyapunov exponent (Λ) for 𝛼∈[0.2,1.63]. (b) Chaotic attractor for 𝛼=1.61.

(a)

(b)