eprintid: 4263
rev_number: 6
eprint_status: archive
userid: 351
dir: disk0/00/00/42/63
datestamp: 2016-01-15 02:05:06
lastmod: 2021-08-27 17:15:03
status_changed: 2016-01-15 02:05:06
type: article
metadata_visibility: show
item_issues_count: 1
creators_name: Feichtinger, G.
creators_name: Prskawetz, A.
creators_name: Herold, W.
creators_name: Zinner, P.
creators_id: 1555
creators_id: 2025
title: Habit formation with threshold adjustment: Addiction may imply complex dynamics
ispublished: pub
internal_subjects: iis_mod
internal_subjects: iis_pop
divisions: prog_pop
keywords: Local bifurcation analysis; Neimark-Sacker bifurcation; Quasiperiodic dynamics; Addiction; Habit formation
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.
date: 1995-06
date_type: published
publisher: Springer
id_number: 10.1007/BF01199855
iiasapubid: XJ-95-070
iiasa_bibref: Journal of Evolutionary Economics; 5(2):157-172 (June 1995)
iiasa_bibnotes: [doi:10.1007/BF01199855]
creators_browse_id: 2589
creators_browse_id: 100
full_text_status: none
publication: Journal of Evolutionary Economics
volume: 5
number: 2
pagerange: 157-172
refereed: TRUE
issn: 1432-1386
coversheets_dirty: FALSE
fp7_type: info:eu-repo/semantics/article
citation:   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>.