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Evolution of Non-Expected Utility Preferences (Paperback, 2008 ed.): Sven Von Widekind Evolution of Non-Expected Utility Preferences (Paperback, 2008 ed.)
Sven Von Widekind
R1,478 Discovery Miles 14 780 Ships in 10 - 15 working days

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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