Abstract
The aim of this paper is to initiate a new concept of nonlinear contraction under the name r-hybrid psi-contraction and establish some fixed point results for such mappings in the setting of complete metric spaces. The presented ideas herein unify and extend a number of well-known results in the corresponding literature. A few of these special cases are pointed out and analysed. From application point of view, we investigate the existence and uniqueness criteria of solutions to certain functional equation arising in dynamic programming and integral equation of Volterra type. Nontrivial illustrative examples are provided to show the generality and validity of our obtained results.