What can evolutionary biology tell us about male-female differences in preferences concerning family matters? Might mothers be more solicitous toward offspring than fathers, for example? The economics literature has documented gender differences-children benefit more from money put in the hands of mothers rather than fathers, for example-and these differences are thought to be partly due to pre...

This paper introduces the special issue of the Journal of Mathematical Economics on Evolutionary Finance. © 2004 Elsevier B.V. All rights reserved.

This paper focuses on the uneasy alliance of rational choice and evolutionary explanations in modern economics. While direct evolutionary explanations rule out "purposeful" rational choice by assuming "zero-intelligence" and pure rational choice explanations leave no room for "selective" adaptation the indirect evolutionary approach integrates both perspectives. Subsequently we go stepwise "fro...

Coall & Hertwig (C&H) bring attention to alternative accounts of grandparental investment from economics, evolutionary anthropology, psychology, and sociology, which have yet to be reconciled. We attempt to help integrate some of the disparate perspectives by expanding the scope of the evolutionary perspective, highlighting some gaps, and discussing problems with the authors’ treatment of grand...

Stochastic evolutionary game dynamics in hierarchy are very popular in economics and in management sciences. This study extends the model of stochastic evolutionary game dynamics. This paper highlights hierarchy selection model and we show that the hierarchy selection games are more stable without structures in this paper. Furthermore, an example in industrial organization is given to rationall...

This paper focuses on the uneasy alliance of rational choice and evolutionary explanations in modern economics. While direct evolutionary explanations of “optimality” rule out "purposeful" rational choice by assuming zerointelligence and pure rational choice explanations leave no room for "selective" adaptation the indirect evolutionary approach integrates both perspectives. Subsequently we go ...

This paper investigates whether since the 1980s neoclassical economics has been in the process of being supplanted as the dominant research programme in economics by a collection of competing research approaches which share relatively little in common with each other or with neoclassical economics. A shortlist of the new approaches in recent economics includes game theory, experimental economic...

a r t i c l e i n f o Policy prescriptions for sustainable consumption have been dominated by neoclassical economics, which is built around the notions of market equilibrium, utility maximization, and exogenous preferences. There are concerns that neoclassical economics is inadequate to guide policy prescriptions in the presence of evolving preferences and complex dynamics. Evolutionary economi...

LANDSCAPES IN THE PHYSICAL AND NATURAL SCIENCES The idea of an abstract landscape has been widely used in the physical and natural sciences to characterize the dynamics of systems. It was originally developed to study potential energy in physical systems and had its first rigorous development in the context of Hamiltonian systems.6 Biologists have independently developed landscapes to character...

Schumpeter’s and Hayek’s view of market coordination as being not about efficiency, but about endogenous change and never-ending discovery has been increasingly recognized even by the mainstream of economics. Underlying this view is the notion of creative learning agents who bring about novelty. We argue that apart from the challenges it poses for positive theorizing, novelty (be it technologic...