Lyapunov exponents describe how two (infinitesimally) close initial conditions behave (exponentially) in the long run. If a system is chaotic, the largest Lyapunov exponent is positive. However, as far as I understand it, if we have say, three ODEs depending on time, each state variable has one Lyapunov exponent. But how?
If we consider $$ \lambda = \lim_{t \to \infty} \lim_{\delta \mathbf{Z}_0 \to 0} \frac{1}{t} \ln\frac{| \delta\mathbf{Z}(t)|}{|\delta \mathbf{Z}_0|}, $$ in my understanding, this would always tend to zero as $t\to\infty$ if we consider a chaotic attractor?!
What am I getting wrong?
Thank you!