The chaotic dynamics of a quantum Cournot duopoly game with bounded rationality

Abstract

This paper analyzes the chaotic dynamics of a quantum Cournot duopoly game with bounded rational players by applying quantum game theory. We investigate the impact of quantum entanglement on the stability of the quantum Nash equilibrium points and chaotic dynamics behaviors of the system. The result shows that the stability region decreases with the quantum entanglement increasing. The adjustment speeds of bounded rational players can lead to chaotic behaviors, and quantum entanglement accelerates the bifurcation and chaos of the system. Numerical simulations demonstrate the chaotic features via stability region, bifurcation, largest Lyapunov exponent, strange attractors, sensitivity to initial conditions and fractal dimensions.