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Evolution of Non-Expected Utility Preferences
Paperback
Series: Lecture Notes in Economic and Mathematical Systems, Book 606
ISBN13: 9783540768418
Publisher: Springer Nature
Published: Jan 11 2008
Pages: 130
Weight: 0.50
Height: 0.34 Width: 6.21 Depth: 9.16
Language: English
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.
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