Artikel

Information, evolution and utility

Human utility embodies a number of seemingly irrational aspects. The leading example in this paper is that utilities often depend on the presence of salient unchosen alternatives. Our focus is to understand why an evolutionary process might optimally lead to such seemingly dysfunctional features in our motivations and to derive implications for the nature of our utility functions.

Language
Englisch

Bibliographic citation
Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 1 ; Year: 2006 ; Issue: 1 ; Pages: 119-142 ; New York, NY: The Econometric Society

Classification
Wirtschaft
Game Theory and Bargaining Theory: General
Noncooperative Games
Information, Knowledge, and Uncertainty: General
Asymmetric and Private Information; Mechanism Design
Subject
Evolution
information
internal conflict
self control
temptation
time consistency
utility

Event
Geistige Schöpfung
(who)
Swinkels, Jeroen M.
Samuelson, Larry
Event
Veröffentlichung
(who)
The Econometric Society
(where)
New York, NY
(when)
2006

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Swinkels, Jeroen M.
  • Samuelson, Larry
  • The Econometric Society

Time of origin

  • 2006

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