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978-3-540-76845-6

Evolution of Non-Expected Utility Preferences

Publication Date: 2008

ISBN: 978-3-540-76845-6

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The theory on the evolution of preferences deals with the endogenous formation of preference relations in strategic situations. In particular, we demonstrate that preferences which diverge from von Neumann-Morgenstern expected utility may potentially prove to be successful under evolutionary pressures.


Subject: Business and Economics, Efficient Strategy, Evolution of Preferences, Indirect Evolutionary Approach, Non-Expected Utility Theory, Stable Population, game theory