E-Book, Englisch, Band 606, 135 Seiten, eBook
Widekind Evolution of Non-Expected Utility Preferences
2008
ISBN: 978-3-540-76845-6
Verlag: Springer
Format: PDF
Kopierschutz: 1 - PDF Watermark
E-Book, Englisch, Band 606, 135 Seiten, eBook
Reihe: Lecture Notes in Economics and Mathematical Systems
ISBN: 978-3-540-76845-6
Verlag: Springer
Format: PDF
Kopierschutz: 1 - PDF Watermark
The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic situations. It is related to the field of evolutionary game theory. In this book we analyze the role and the influence of general, possibly non-expected utility preferences in such an evolutionary setup. In particular, we demonstrate that preferences which diverge from von Neumann-Morgenstern expected utility may potentially prove to be successful under evolutionary pressures.
Zielgruppe
Research
Autoren/Hrsg.
Weitere Infos & Material
The Model and a General Existence Result.- Examples: Properties of the Model.- Evolutionary Extinction of Expected Utility Preferences.- Evolution with More Sophisticated Types.- A Model with Two Populations.- Conclusions.