Search Results - subject:"Evolution of Preferences"

Persistent ideologies in an evolutionary setting

Koch, Lars P. - Institut für Mathematische Wirtschaftsforschung, … - 2008

We analyse finite two player games in which agents maximize given arbitrary private payoffs which we call ideologies. We define an equilibrium concept and prove existence. Based on this setup, a monotone evolutionary dynamic governs the distribution of ideologies within the population. For any...

Persistent link: https://www.econbiz.de/10005002288

Evolution of non-expected utility preferences

von Widekind, Sven - 2005

We investigate an extension of Dekel, Ely and Yilankaya's (2004) treatment of the evolution of preference to more general, possibly non-expected utility preferences. Along the lines of their analysis we consider a population of types that is repeatedly and randomly matched to play the mixed...

Persistent link: https://www.econbiz.de/10009452485

Evolution of non-expected utility preferences

von Widekind, Sven - 2005

Persistent link: https://www.econbiz.de/10010272582

The Evolutionary Stability of Optimism, Pessimism and Complete Ignorance

Schipper, Burkhard C. - 2005

We provide an evolutionary foundation to evidence that in some situations humans maintain optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents' actions and maximize...

Persistent link: https://www.econbiz.de/10010333763

The Evolutionary Stability of Optimism, Pessimism and Complete Ignorance

Schipper, Burkhard C. - University of Bonn, Germany - 2005

Persistent link: https://www.econbiz.de/10004989630

The Dynamic Evolution of Preferences

Heifetz, Aviad; Shannon, Chris; Spiegel, Yossi - Center for Mathematical Studies in Economics and … - 2005

This paper develops a general methodology for characterizing the dynamic evolution of preferences in a wide class of … studying the evolution of preferences. This work shows that in strategic interactions, a wide array of distortions of actual … loss stemming from departures from actual payo¤ maximization. Thus the literature on the evolution of preferences …

Persistent link: https://www.econbiz.de/10005588515

Evolution of non-expected utility preferences

Widekind, Sven von - Institut für Mathematische Wirtschaftsforschung, … - 2005

We investigate an extension of Dekel, Ely and Yilankaya's (2004) treatment of the evolution of preference to more general, possibly nonexpected utility preferences. Along the lines of their analysis we consider a population of types that is repeatedly and randomly matched to play the mixed...

Persistent link: https://www.econbiz.de/10005687751

The Evolutionary Stability of Optimism, Pessimism and Complete Ignorance

Schipper, Burkhard C. - Volkswirtschaftliche Fakultät, … - 2005

Persistent link: https://www.econbiz.de/10005785794

The evolutionary stability of optimism, pessimism and complete ignorance

Schipper, Burkhard - 2005

Persistent link: https://www.econbiz.de/10010366542

How exposure to markets can favor inequity-averse preferences

Zubrickas, Robertas - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 174-181

This paper shows how market exposure can support the evolution of non-individualistic preferences. In a group, one agent is randomly selected to divide an exogenous endowment. Endowment shares are used for either consumption or market exchange with external merchants. As a more equal endowment...

Persistent link: https://www.econbiz.de/10010594610