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Evolution of Individual Preferences and Persistence of Family Rules

Cigno, Alessandro; Gioffré, Alessandro; Luporini, Annalisa - 2020

preference evolution? We show that it is in a couple's common interest to obey a rule requiring them to give speciﬁed amounts of …

Persistent link: https://www.econbiz.de/10012314863

Gravity at Sixty: The Workhorse Model of Trade

Yotov, Yoto V. - 2022

usefulness for counterfactual projections. The objective of this paper is to offer a historical overview of its evolution from an …

Persistent link: https://www.econbiz.de/10013177618

Norms and the Evolution of Leaders' Followership

Cabrales, Antonio; Hauk, Esther - 2022

leads to clustering, is crucial for the survival of the Pareto dominant actions. The evolution of leader and crowd …

Persistent link: https://www.econbiz.de/10013353457

Rules, Preferences and Evolution from the Family Angle

Cigno, Alessandro - 2021

This paper reviews the literature concerning the evolution of cultural traits in general and preferences in particular … effectively the clone of an existing one (either a parent or anyone else), there may be evolution only in the demographic sense … that the share of the population who hold a certain trait increases or decreases. Evolution in the strict sense of new …

Persistent link: https://www.econbiz.de/10012657932

The Agricultural Origins of Time Preference

Galor, Oded; Özak, Ömer - 2015

This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically that geographical variations in the natural return to agricultural investment have had a persistent effect on the distribution of time preference...

Persistent link: https://www.econbiz.de/10010480902

Physiological Constraints and Comparative Economic Development

Dalgaard, Carl-Johan; Strulik, Holger - 2017

It is a well known fact that economic development and distance to the equator are positively correlated variables in the world today. It is perhaps less well known that as recently as 1500 C.E. it was the other way around. The present paper provides a theory of why the “latitude gradient”...

Persistent link: https://www.econbiz.de/10011794133

Weber's Law and the Biological Evolution of Risk Preferences: The Selective Dominance of the Logarithmic Utility Function

Sinn, Hans-Werner - 2002

The paper offers a proof that expected utility maximisation with logarithmic utility is a dominant preference in the biological selection process in the sense that a population following any other preference for decision-making under risk will, with a probability that approaches certainty,...

Persistent link: https://www.econbiz.de/10010315289

Some Evolutionary Foundations for Price Level Rigidity

Saint-Paul, Gilles - 2002

This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...

Persistent link: https://www.econbiz.de/10010315352

Long-run selection and the work ethic

Josephson, Jens; Waerneryd, Karl - 2004

That individuals contribute in social dilemma interactions even when contributing is costly is a well-established observation in the experimental literature. Since a contributor is always strictly worse off than a non-contributor the question is raised if an intrinsic motivation to contribute...

Persistent link: https://www.econbiz.de/10010261072

International trade and cultural diversity : a model of preference selection

Bala, Vankatesh; Long, Ngo Van - 2004

We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much …

Persistent link: https://www.econbiz.de/10010261231