Experimental Evolution and Economics

Terence C. Burnham, Aimee Dunlap and David W. Stephens

SAGE Open, 2015, vol. 5, issue 4, 2158244015612524

Abstract: This is a theory paper that advocates experimental evolution as a novel approach to study economic preferences. Economics could benefit because preferences are exogenous, axiomatic, and contentious. Experimental evolution allows the empirical study of preferences by placing organisms in designed environments and studying their genotype and phenotype over multiple generations. We describe a number of empirical studies on different aspects of preferences. We argue that experimental evolution has the potential to improve economics.

Keywords: preferences; natural selection; evolution; microeconomics (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:sagope:v:5:y:2015:i:4:p:2158244015612524

DOI: 10.1177/2158244015612524

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