Evolution of Non-Expected Utility Preferences
Sven von Widekind
Jan 2008 · Lecture Notes in Economics and Mathematical Systems Book 606 · Springer Science & Business Media
Ebook
130
Pages
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About this ebook
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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