Information, evolution and utility

Human utility embodies a number of seemingly irrational aspects. The leading example in this paper is that utilities often depend on the presence of salient unchosen alternatives. Our focus is to understand <i>why</i> an evolutionary process might optimally lead to such seemingly dysfunctional features in our motivations and to derive implications for the nature of our utility functions.

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Year of publication:	2006-03-02
Authors:	Swinkels, Jeroen M. ; Samuelson, Larry
Published in:	Theoretical Economics. - Econometric Society, ISSN 1555-7561. - Vol. 1.2006, 1, p. 119-142
Publisher:	Econometric Society
Subject:	Evolution \| information \| internal conflict \| self control \| temptation \| time consistency \| utility

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C70 - Game Theory and Bargaining Theory. General ; C72 - Noncooperative Games ; D80 - Information and Uncertainty. General ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005212485