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The Dynamic Evolution of Preferences Author info | Abstract | Publisher info | Download info | Related research | Statistics Aviad Heifetz
Chris Shannon
Yossi Spiegel
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This paper develops a general methodology for characterizing the dynamic evolution of preferences in a wide class of strategic interactions. We give simple conditions characterizing the limiting distribution of preferences in general games, and apply our results to study the evolutionary emergence of overconfidence and interdependent preferences. We also show that this methodology can be adapted to cases where preferences are only imperfectly observed.
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Paper provided by Northwestern University, Center for Mathematical Studies in Economics and Management Science in its series Discussion Papers with number
1415.
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Date of creation: Oct 2005Date of revision:
Handle: RePEc:nwu:cmsems:1415Contact details of provider: Postal: Center for Mathematical Studies in Economics and Management Science, Northwestern University, 580 Jacobs Center, 2001 Sheridan Road, Evanston, IL 60208-2014 Phone: 847/491-3527 Fax: 847/491-2530 Email: Web page: http://www.kellogg.northwestern.edu/research/math/ More information through EDIRC
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Keywords: dispositions evolution of preferences selection dynamics perception biases interdependent preferences imperfect observability Other versions of this item:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Burkhard C. Schipper, 2005.
"The Evolutionary Stability of Optimism, Pessimism and Complete Ignorance ,"
Bonn Econ Discussion Papers
bgse35_2005, University of Bonn, Germany.
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666156000000000496, UCLA Department of Economics.
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