Keeping up the Joneses. Chaotic patterns in a status game

DOI10.1016/0165-1765(92)90006-KzbMath0772.90099MaRDI QIDQ2366943

Michael Rauscher

Publication date: 23 August 1993

Published in: Economics Letters (Search for Journal in Brave)

zbMATH Keywords

Nash equilibriumchaotic adjustment pathstwo-players status game

Mathematics Subject Classification ID

Discrete-time games (91A50) Economic growth models (91B62) Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Consumer behavior, demand theory (91B42)

Related Items (5)

Nonlinear dynamics from discrete time two-player status-seeking games ⋮ Dynamics of a minimal consumer network with \textit{bi}-directional influence ⋮ For whom does social comparison induce risk-taking? ⋮ A positional game for an overlapping generation economy ⋮ Equilibria in ordinal status games

Cites Work

• A non-linear model of interdependent consumer behaviour
• Dynamic complexity in duopoly games
• Exotic phenomena in games and duopoly models
• Nonlinear dynamical economics and chaotic motion
• Rational Choice and Erratic Behaviour

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