Chaotic consumption patterns in a simple 2-D addiction model

DOI10.1007/S001990050151zbMATH0881.90034OpenAlexW2050813238MaRDI QIDQ1361099FDOQ1361099

Authors Cars Hommes, Alexandra Milik, Gustav Feichtinger

Publication date 23 July 1997

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s001990050151

zbMATH Keywords

consumption fluctuationsunpredictable consumption patterns

Mathematics Subject Classification ID

Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Consumer behavior, demand theory (91B42) Economic growth models (91B62) Applications of dynamical systems (37N99)

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(8)

• Productive public expenditures, expectation formations and nonlinear dynamics
• Habit formation and chaotic dynamics in an \(n\)-dimensional cash-in-advance economy
• A fast-slow dynamical system model of addiction: predicting relapse frequency
• Gustav Feichtinger celebrates his 70th birthday
• Transitions in consumption behaviors in a peer-driven stochastic consumer network
• Rational addictive cycles (‘binges’) under a budget constraint
• Chaotic dynamics in a two-dimensional overlapping generations model.
• Uncovering the behavioral implications of the rational addiction assertion

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