Information, Evolution and Utility*

نویسندگان

  • Larry Samuelson
  • Jeroen Swinkels
  • Jeff Ely
  • Faruk Gul
  • John Nachbar
  • Robert Pollak
  • Antonio Rangel
چکیده

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. Journal of Economic Literature classification numbers C70,C72,D80,D82.

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تاریخ انتشار 2005