Definition of a Contraction. Let $(X, d)$ be a metric space. Then a map $T : X → X$ is called a contraction on $X$ if there exists $q ∈ [0, 1)$ such that $d(T(x),T(y)) \le q d(x,y)$ for all $x, y$ in $X$.
My question: Does a contraction remain a contraction under an equivalent metric $d'$?
I know that Lipschitz continuity is not preserved in general under equivalent metrics, and since the two definitions are quite similar we may believe contractions are not preserved.
However, contractions have the additional requirement that they map a metric space to itself, so changing the scale of the metric will not create issues.
The answer is still negative. For example, the map $Tx=x/2$ is a contraction on $\mathbb{R}$ with the standard metric. However, it is not a contraction under the spherical metric $$d(x, y) = |\tan^{-1}x - \tan^{-1}y|$$ (Note that for strictly monotone continuous function $f:\mathbb{R}\to\mathbb{R}$ the formula $d(x, y)=|f(x)-f(y)|$ defines an equivalent metric.) Indeed, $d(2, 1)>d(4, 2)$ because $$ \tan^{-1}2 - \tan^{-1} 1 > \tan^{-1}4 - \tan^{-1} 2 $$ as verified by a numerical computation.