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Evolutionarily stable preferences

Ingela Alger

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Abstract: The 50-year old concept of an evolutionarily stable strategy (ESS) provided a key tool for theorists to model ultimate drivers of behavior in social interactions. For decades economists ignored ultimate drivers and used models in which individuals choose strategies based on their preferences-a proximate mechanism for behavior-and the distribution of preferences in the population was taken to be fixed and given. This article summarizes some key findings in the literature on evolutionarily stable preferences, which in the past three decades has proposed models that combine the two approaches: individuals inherit their preferences, the preferences determine their strategy choices, which in turn determines evolutionary success. One objective is to highlight complementarities and potential avenues for future collaboration between biologists and economists.

Date: 2023-01-08
New Economics Papers: this item is included in nep-evo
Note: View the original document on HAL open archive server: https://hal.science/hal-03929518v1
References: View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Working Paper: Evolutionarily stable preferences (2023) Downloads
Working Paper: Evolutionarily stable preferences (2022) Downloads
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