@article{iiasa4263, volume = {5}, number = {2}, month = {June}, title = {Habit formation with threshold adjustment: Addiction may imply complex dynamics}, publisher = {Springer}, year = {1995}, journal = {Journal of Evolutionary Economics}, doi = {10.1007/BF01199855}, pages = {157--172}, keywords = {Local bifurcation analysis; Neimark-Sacker bifurcation; Quasiperiodic dynamics; Addiction; Habit formation}, url = {https://pure.iiasa.ac.at/id/eprint/4263/}, issn = {1432-1386}, abstract = {A time-discrete descriptive model of habit formation is presented. Addictive behaviour is damped by a threshold which adapts itself to the habit. This simple framework is able to explain periodic, quasi-periodic as well as chaotic consumption patterns of addictive consumers. It turns out that both a high adjustment rate and a steep consumption function favour complex (chaotic) patterns.}, author = {Feichtinger, G. and Prskawetz, A. and Herold, W. and Zinner, P.} }