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Natural selection and rational decision: two concepts of optimization

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  • Elias Khalil, 2009. "Natural selection and rational decision: two concepts of optimization," Journal of Evolutionary Economics, Springer, vol. 19(3), pages 417-435, June.
    • Handle: RePEc:spr:joevec:v:19:y:2009:i:3:p:417-435
    DOI: 10.1007/s00191-008-0120-x
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    1. R.J. Aumann & S. Hart (ed.), 2002. "Handbook of Game Theory with Economic Applications," Handbook of Game Theory with Economic Applications, Elsevier, edition 1, volume 3, number 3.
    2. Kagel,John H. & Battalio,Raymond C. & Green,Leonard, 2007. "Economic Choice Theory," Cambridge Books, Cambridge University Press, number 9780521035927, September.
    3. Elias L. Khalil, 2001. "Adam Smith and Three Theories of Altruism," Recherches économiques de Louvain, De Boeck Université, vol. 67(4), pages 421-435.
    4. repec:bla:econom:v:48:y:1981:i:189:p:1-15 is not listed on IDEAS
    5. Thorbj, rn Knudsen, 2002. "Economic selection theory," Journal of Evolutionary Economics, Springer, vol. 12(4), pages 443-470.
    6. Hirshleifer, Jack, 1977. "Economics from a Biological Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 20(1), pages 1-52, April.
    7. Janet Landa, 1986. "The political economy of swarming in honeybees: Voting-with-the-wings, decision-making costs, and the unanimity rule," Public Choice, Springer, vol. 51(1), pages 25-38, January.
    8. H. Peyton Young, 1996. "The Economics of Convention," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 105-122, Spring.
    9. Ulrich Witt, 2003. "The Evolving Economy," Books, Edward Elgar Publishing, number 2477.
    10. Geoffrey M. Hodgson, 2002. "Darwinism in economics: from analogy to ontology," Journal of Evolutionary Economics, Springer, vol. 12(3), pages 259-281.
    11. Richard R. Nelson, 1995. "Recent Evolutionary Theorizing about Economic Change," Journal of Economic Literature, American Economic Association, vol. 33(1), pages 48-90, March.
    12. C. R. Raby & D. M. Alexis & A. Dickinson & N. S. Clayton, 2007. "Planning for the future by western scrub-jays," Nature, Nature, vol. 445(7130), pages 919-921, February.
    13. Hammerstein, Peter & Selten, Reinhard, 1994. "Game theory and evolutionary biology," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 2, chapter 28, pages 929-993, Elsevier.
    14. Raymond Battalio & Leonard Green & John Kagel, 1995. "Economic choice theory. an experimental analysis of animal behavior," Framed Field Experiments 00166, The Field Experiments Website.
    15. Giovanni Dosi & Christopher Freeman & Richard Nelson & Gerarld Silverberg & Luc Soete (ed.), 1988. "Technical Change and Economic Theory," LEM Book Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number dosietal-1988, November.
    16. Friedel Bolle, 1991. "On Love and Altruism," Rationality and Society, , vol. 3(2), pages 197-214, April.
    17. Joel Mokyr, 2006. "Economics and the Biologists: A Review of Geerat J. Vermeij's Nature: An Economic History," Journal of Economic Literature, American Economic Association, vol. 44(4), pages 1005-1013, December.
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    Cited by:

    1. Schliesser, Eric, 2011. "Reading Adam Smith after Darwin: On the evolution of propensities, institutions, and sentiments," Journal of Economic Behavior & Organization, Elsevier, vol. 77(1), pages 14-22, January.
    2. Daniel Arce & Douglas Cook & Robert Kieschnick, 2015. "On the evolution of corporate capital structures," Journal of Evolutionary Economics, Springer, vol. 25(3), pages 561-583, July.
    3. Elias Khalil, 2013. "Practical beliefs vs. scientific beliefs: two kinds of maximization," Theory and Decision, Springer, vol. 74(1), pages 107-126, January.
    4. Khalil, Elias L., 2020. "The isomorphism hypothesis: The prisoner's dilemma as intertemporal allocation, and vice versa," Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 735-746.
    5. Elias L. Khalil, 2012. "Are Instincts Hardened Routines? A Radical Proposal," Monash Economics Working Papers 25-12, Monash University, Department of Economics.
    6. Marciano, Alain & Khalil, Elias L., 2012. "Optimization, path dependence and the law: Can judges promote efficiency?," International Review of Law and Economics, Elsevier, vol. 32(1), pages 72-82.
    7. Eric Schliesser, 2010. "Reading Adam Smith after Darwin: On the Evolution of Propensities, Institutions, and Sentiments," Post-Print hal-00921187, HAL.

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    More about this item

    Keywords

    Selection optimization; Rationality optimization; Redundancy thesis; B0;
    All these keywords.

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General

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