Using a probabilistic approach, we study the parallel dynamics of the
Q-Ising layered networks for arbitrary Q. By introducing auxiliary the
rmal fields, we express the stochastic dynamics within the pin functio
n formulation of the deterministic dynamics. Evolution equations are d
erived for arbitrary Q at both zero and finite temperatures. An explic
it analysis of the fixed-point equations is carried out for both Q = 3
and Q --> infinity. The retrieval properties are discussed in terms o
f the gain parameter, the storage capacity, and the temperature. Using
the time evolution of the distance between two network configurations
, we investigate the possibility of microscopic chaos. Chaotic behavio
r is always present for arbitrary finite Q. However, in the limit Q --
> infinity the existence of chaos depends on the parameters of the sys
tem.