Evolution of non-expected utility preferences / Sven von Widekind.

Format:

Book

Author/Creator:

Widekind, Sven von.

Series:

Lecture notes in economics and mathematical systems ; 606.

Lecture notes in economics and mathematical systems ; 606

Language:

English

Subjects (All):

Game theory.

Preferences (Philosophy).

Physical Description:

1 online resource (139 p.)

Edition:

1st ed. 2008.

Place of Publication:

Berlin : Springer, c2008.

Language Note:

English

Summary:

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. Models are based on the 'indirect evolutionary approach' according to which preferences determine choice behavior which in turn determines evolutionary success. The latter eventually governs the evolution of preferences. Literature usually considers a class of preferences which admit an expected utility representation. In this book we analyze the role and the influence of general, possibly non-expected utility

Contents:

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.

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [127]-130).

ISBN:

9786611179670

9781281179678

1281179671

9783540768456

3540768459

OCLC:

233973712