Analysis of Price Stackelberg Duopoly Game with Bounded Rationality

Figure 7

Shows sensitive dependence on initial conditions; the two orbits of 𝑝₁-coordinates for (𝑎,𝑏,𝑐₁,𝑐₂,𝑑,𝛼₁,𝛼₂)=(2,0.5,0.2,0.4,0.3,1.01,0.5) with (𝑝₁(0),𝑝₂(0))=(2.5,2.3) for the red curve and (𝑝₁(0),𝑝₂(0))=(2.5001,2.3) for the blue curve.