Evolution of Non-Expected Utility Preferences (Lecture Notes in Economics and Mathematical Systems) (by Sven von Widekind)


Author(s): Sven von Widekind

Publisher: Springer
Publish date: 2008-02-25
ISBN-10: 3540768416
ISBN-13: 9783540768418
Language: English
Description:
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.

Read Source: Evolution of Non-Expected Utility Preferences (Lecture Notes in Economics and Mathematical Systems) (by Sven von Widekind)»

Leave a Reply

Your email address will not be published.