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Combining Rational Choice and Evolutionary Dynamics: The Indirect Evolutionary Approach

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  • Manfred Konigstein
  • Wieland Muller

Abstract

In this study we propose a formal framework for the indirect evolutionary approach as initiated by Güth and Yaari (1992). It allows to endogenize preferences and to study their evolution. We define two-player indirect evolutionary games with observable types and show how to incorporate symmetric as well as asymmetric situations. We show how to apply solution concepts that are well known from game theory and evolutionary game theory to solve these games. For illustration we include two examples.
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Suggested Citation

  • Manfred Konigstein & Wieland Muller, 2000. "Combining Rational Choice and Evolutionary Dynamics: The Indirect Evolutionary Approach," Metroeconomica, Wiley Blackwell, vol. 51(3), pages 235-256, August.
    • Handle: RePEc:bla:metroe:v:51:y:2000:i:3:p:235-256
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    File URL: http://hdl.handle.net/10.1111/1467-999X.00090
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    Cited by:

    1. Müller, W. & Normann, H.T., 2003. "Conjectural Variations and Evolutionary Stability : A New Rationale for Consistency," Other publications TiSEM af576ec2-1637-4390-8b59-1, Tilburg University, School of Economics and Management.
    2. Tarik Tazdaït & Alejandro Caparros & Jean-Chrsitophe Péreau, 2008. "Mutual Aid: An Indirect Evolution Analysis," Working Papers halshs-00275386, HAL.
    3. Kopel, Michael & Lamantia, Fabio & Szidarovszky, Ferenc, 2014. "Evolutionary competition in a mixed market with socially concerned firms," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 394-409.
    4. Alejandro Caparrós & Jean-Christophe Péreau & Tarik Tazdaït, 2010. "Mutual Aid," Rationality and Society, , vol. 22(1), pages 103-128, February.
    5. Ioannis Kordonis & Alexandros C. Charalampidis & George P. Papavassilopoulos, 2018. "Pretending in Dynamic Games, Alternative Outcomes and Application to Electricity Markets," Dynamic Games and Applications, Springer, vol. 8(4), pages 844-873, December.
    6. Konigstein, Manfred & Muller, Wieland, 2001. "Why firms should care for customers," Economics Letters, Elsevier, vol. 72(1), pages 47-52, July.
    7. Poulsen, A., 2001. "Reciprocity, Materialism and Welfare: An Evolutionary Model," Papers 01-3, Aarhus School of Business - Department of Economics.
    8. Schmitt, Rebecca, 2015. "Incorporating Phenotype Plasticity into the Indirect Evolutionary Approach," MPRA Paper 65734, University Library of Munich, Germany.
    9. Anders Poulsen & Odile Poulsen, 2009. "Altruism and welfare when preferences are endogenous," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 09-02, School of Economics, University of East Anglia, Norwich, UK..
    10. Poulsen, Anders & Poulsen, Odile, 2010. "Prisoner's Dilemma payoffs and the evolution of co-operative preferences," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(2), pages 158-162, April.
    11. Gian Italo Bischi & Fabio Lamantia, 2022. "Evolutionary oligopoly games with cooperative and aggressive behaviors," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 17(1), pages 3-27, January.
    12. Wieland Müller & Hans-Theo Normann, 2005. "Conjectural Variations and Evolutionary Stability: A Rationale for Consistency," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 161(3), pages 491-502, September.

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