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We argue for attention to the evolutionary origins of economic behaviour. Going beyond this, we argue that the economy of hunting and gathering was the context in which evolution shaped human characteristics that underlie modern economic behaviour. We first reconsider the basic biological...
Persistent link: https://www.econbiz.de/10005111350
Adoption of agriculture at the expense of hunting and gathering was the dramatic precondition for all modern civilization. Recent data suggest that, because of this transition, humans initially were more disease prone, smaller, less nourished, and shorter-lived. To explain why individuals chose...
Persistent link: https://www.econbiz.de/10008625996
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This paper is a selective survey of recent work on evolutionary models of games. It is shown how evolution, in a literal biological sense, may have generated the attitudes to risk that are the basis of strategic behavior. Such attitudes to risk may or may not conform to the expected utility...
Persistent link: https://www.econbiz.de/10005609125
This paper investigates conditions ensuring uniqueness of the pattern of endogenous strategic timing. A given normal form game, G, is embedded in an extensive form game, H, possessing two explicit periods. Choice of the earlier time is costlier than is choice of the later. With two players, the...
Persistent link: https://www.econbiz.de/10005466905
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