We consider the one dimensional 4th order, or bi-harmonic, nonlinear Schrödinger (NLS) equation, namely,
$iu_t - \Delta^2 u - 2a \Delta u + |u|^{\alpha} u = 0, ~ x,a \in \mathbb R$,
$\alpha \gt 0$, and investigate the dynamics of its solutions for various powers of
$\alpha$, including the ground state solutions and their perturbations, leading to scattering or blow-up dichotomy when
$a \leq 0$, or to a trichotomy when
$a \gt 0$. Ground state solutions are numerically constructed, and their stability is studied, finding that the ground state solutions may form two branches, stable and unstable, which dictates the long-term behaviour of solutions. Perturbations of the ground states on the unstable branch either lead to dispersion or the jump to a stable ground state. In the critical and supercritical cases, blow-up in finite time is also investigated, and it is conjectured that the blow-up happens with a scale-invariant profile (when
$a=0$) regardless of the value of
$a$ of the lower dispersion. The blow-up rate is also explored.