1.

Record Nr.

UNINA9910963468003321

Autore

Widekind Sven von

Titolo

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

Pubbl/distr/stampa

Berlin, : Springer, c2008

ISBN

9786611179670

9781281179678

1281179671

9783540768456

3540768459

Edizione

[1st ed. 2008.]

Descrizione fisica

1 online resource (139 p.)

Collana

Lecture notes in economics and mathematical systems ; ; 606

Disciplina

519.3

Soggetti

Game theory

Preferences (Philosophy)

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

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

Nota di contenuto

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.

Sommario/riassunto

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