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Experimental Evolution and Economics

Author

Listed:
  • Terence C. Burnham
  • Aimee Dunlap
  • David W. Stephens

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.

Suggested Citation

  • Terence C. Burnham & Aimee Dunlap & David W. Stephens, 2015. "Experimental Evolution and Economics," SAGE Open, , vol. 5(4), pages 21582440156, November.
  • Handle: RePEc:sae:sagope:v:5:y:2015:i:4:p:2158244015612524
    DOI: 10.1177/2158244015612524
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    References listed on IDEAS

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