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    3. Evolution of Non-Expected Utility Preferences

    Evolution of Non-Expected Utility Preferences

    Posted By: step778
    Date: 30 Mar 2015 06:53:03
    Evolution of Non-Expected Utility Preferences

    Sven von Widekind, "Evolution of Non-Expected Utility Preferences"
    2008 | pages: 138 | ISBN: 3540768416 | PDF | 1,4 mb

    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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