The well‐known Zeeman and Stark effects can lead to unusual atomic state dynamics when both magnetic and electric fields are present. In this paper we analyze quantum mechanical and classical models of the time evolution of the angular momentum of an atom in the presence of weak, orthogonal electric and magnetic fields. The anisotropic electric polarizability of the atom plays a crucial role in the dynamics. The classical model leads to nonlinear evolution equations, and we investigate how quantum mechanics ‘‘avoids’’ the nonlinearity. Finally, we note that the classical equations of motion are identical to those used to describe the time evolution of Stokes vectors for polarized light propagating in an optically nonlinear medium. The treatment is appropriate for an undergraduate course in quantum mechanics.