Dynamical neural networks are being increasingly employed in a variety
of contexts, including as simple model nervous systems for autonomous
agents. For this reason, there is a growing need for a comprehensive
understanding of their dynamical properties. Using a combination of el
ementary analysis and numerical studies, this article begins a systema
tic examination of the dynamics of continuous-time recurrent neural ne
tworks. Specifically, a fairly complete description of the possible dy
namical behavior and bifurcations of one- and two-neuron circuits is g
iven, along with a few specific results for larger networks. This anal
ysis provides both qualitative insight and, in many cases, quantitativ
e formulas for predicting the dynamical behavior of particular circuit
s and how that behavior changes as network parameters are varied. Thes
e results demonstrate that even small circuits are capable of a rich v
ariety of dynamical behavior (including chaotic dynamics). An approach
to understanding the dynamics of circuits with time-varying inputs is
also presented Finally based on this analysis, several strategies for
focusing evolutionary searches into fruitful regions of network param
eter space are suggested.