https://pure.iiasa.ac.at/id/eprint/4263 2021-08-27T17:15:03Z info:eu-repo/semantics/descriptiveMetadata https://pure.iiasa.ac.at/id/eprint/4263/ Habit formation with threshold adjustment: Addiction may imply complex dynamics Feichtinger, G. Prskawetz, A. Herold, W. Zinner, P. 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. Springer 1995-06 Article PeerReviewed 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>. 10.1007/BF01199855 10.1007/BF01199855 10.1007/BF01199855 info:eu-repo/semantics/humanStartPage