relation: https://pure.iiasa.ac.at/id/eprint/4263/
title: Habit formation with threshold adjustment: Addiction may imply complex dynamics
creator: Feichtinger, G.
creator: Prskawetz, A.
creator: Herold, W.
creator: Zinner, P.
description: 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.
publisher: Springer
date: 1995-06
type: Article
type: PeerReviewed
identifier:   Feichtinger, G. <https://pure.iiasa.ac.at/view/iiasa/2589.html>, Prskawetz, A. <https://pure.iiasa.ac.at/view/iiasa/100.html>, Herold, W., & Zinner, P.  (1995).  Habit formation with threshold adjustment: Addiction may imply complex dynamics.   Journal of Evolutionary Economics 5 (2) 157-172. 10.1007/BF01199855 <https://doi.org/10.1007/BF01199855>.       
relation: 10.1007/BF01199855
identifier: 10.1007/BF01199855
doi: 10.1007/BF01199855