Abstract
The main motivation of this paper is the following open problem: Is the hypercontractivity of the \emph{complex} polynomial Bohnenblust--Hille inequality an optimal result? We show that the solution to this problem has a close connection with the searching of the optimal constants for the \emph{real} polynomial Bohnenblust--Hille inequality. So we are lead to a detailed study of the hypercontractivity constants for real scalars. In fact we study two notions of constants of hypercontractivity: absolute () and asymptotic (). Among other results, our estimates combined with recent results from \cite{CMPS} show that
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