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dc.contributor.authorApesteguia, Jose
dc.contributor.authorBallester, Miguel Angel
dc.contributor.authorCuhadaroglu, Tugce
dc.date.accessioned2023-01-25T13:30:02Z
dc.date.available2023-01-25T13:30:02Z
dc.date.issued2023-03-01
dc.identifier252057641
dc.identifier93745b96-9ec4-4a43-aabb-6c451bc49b70
dc.identifier000926286600001
dc.identifier85146688433
dc.identifier.citationApesteguia , J , Ballester , M A & Cuhadaroglu , T 2023 , ' A behavioral model of adaptation ' , Journal of Economic Behavior and Organization , vol. 207 , pp. 146-156 . https://doi.org/10.1016/j.jebo.2023.01.008en
dc.identifier.issn0167-2681
dc.identifier.urihttps://hdl.handle.net/10023/26830
dc.descriptionFunding: Financial support by the Spanish Ministry of Science and Innovation (ECO2014-56154-P), Balliol College and Royal Economic Society is gratefully acknowledged.en
dc.description.abstractAdaptation refers to the process of changing behavior in response to a variation in the environment. We propose a model of an adaptive individual that contemplates two forces: on the one hand the individual benefits from adopting the ideal response to the new environment, but on the other hand, behavioral change is costly. We lay down the axiomatic foundations of the model. We then study two applications. The first studies a situation where ideal behavior depends on the response of another adaptive individual. The second analyzes the case where the ideal response is influenced by the strategic interaction in a cheap talk-like game.
dc.format.extent11
dc.format.extent598189
dc.language.isoeng
dc.relation.ispartofJournal of Economic Behavior and Organizationen
dc.subjectAdaptationen
dc.subjectIntertemporal behavioren
dc.subjectChanging tastesen
dc.subjectHB Economic Theoryen
dc.subjectT-DASen
dc.subjectMCCen
dc.subject.lccHBen
dc.titleA behavioral model of adaptationen
dc.typeJournal articleen
dc.contributor.institutionUniversity of St Andrews. School of Economics and Financeen
dc.identifier.doihttps://doi.org/10.1016/j.jebo.2023.01.008
dc.description.statusPeer revieweden


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