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dc.contributor.author Apesteguía, José
dc.contributor.author Ballester, Miguel A.
dc.contributor.author Cuhadaroglu, Tugce
dc.date.accessioned 2023-03-14T07:10:54Z
dc.date.available 2023-03-14T07:10:54Z
dc.date.issued 2023
dc.identifier.citation Apesteguia J, Ballester MA, Cuhadaroglu T. A behavioral model of adaptation. Journal of Economic Behavior & Organization. 2023 Mar;207:146-56. DOI: 10.1016/j.jebo.2023.01.008
dc.identifier.issn 0167-2681
dc.identifier.uri http://hdl.handle.net/10230/56203
dc.description.abstract Adaptation 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.description.sponsorship We thank Larbi Alaoui, Luc Bridet, Vince Crawford, Faruk Gul, Margherita Negri, Pedro Rey-Biel and Andy Zapechelnyuk for very helpful comments. We are also grateful to two anonymous referees for their careful work and insightful suggestions. Financial support by FEDER/Ministerio de Ciencia de Innovacion (Agencia Estatal de Investigacion) through Grant PGC2018-098949-B-I00 and through the Severo Ochoa Programme for Centres of Excellence in R&D (Barcelona School of Economics CEX2019- 000915-S), Balliol College and Royal Economic Society is gratefully acknowledged.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Elsevier
dc.relation.ispartof Journal of Economic Behavior & Organization. 2023 Mar;207:146-56
dc.rights © 2023 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.title A behavioral model of adaptation
dc.type info:eu-repo/semantics/article
dc.identifier.doi http://dx.doi.org/10.1016/j.jebo.2023.01.008
dc.subject.keyword Adaptation
dc.subject.keyword Intertemporal behavior
dc.subject.keyword Changing tastes
dc.relation.projectID info:eu-repo/grant/Agreement/ES/2PE/PGC2018-098949-B-I00
dc.relation.projectID info:eu-repo/grantAgreement/ES/2PE/CEX2019-000915-S
dc.rights.accessRights info:eu-repo/semantics/openAccess
dc.type.version info:eu-repo/semantics/publishedVersion

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