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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
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/10012658200
The nature of learning processes as well as evolutionary considerations suggest that aesthetic judgement is of central importance in the formation of custom. Learning and extrapolation rely on evaluations of non-instrumental features like simplicity, analogy, straightforwardness, and clarity....
Persistent link: https://www.econbiz.de/10012695510
for biological fitness. The process is predominately envisaged as a process of what I am going to term 'blind evolution …': a combination of random variation and selection. The idea of randomness is put into question. If evolution is is to be …
Persistent link: https://www.econbiz.de/10012695511
Recognizing that individualism, or weak family ties, may be favorable to economic development, we ask how family ties interact with climate to determine individual behavior and whether there is reason to believe that the strength of family ties evolves differently in different climates. For this...
Persistent link: https://www.econbiz.de/10010281418
This paper reviews the literature concerning the evolution of cultural traits in general and preferences in particular … 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 traits …
Persistent link: https://www.econbiz.de/10012590199
We demonstrate how altruism can flourish in a population of nonaltruists. We assume that each individual plays a one-shot prisoner's dilemma game with his or her sibling and that the probability than an individual survives to reproduce is proportional to his or her payoff in this game. We model...
Persistent link: https://www.econbiz.de/10010291763
In his work on market signaling, Spence proposed a dynamic model of a signaling market in which a buyer revises prices …
Persistent link: https://www.econbiz.de/10010291072
Nishimura, Nakajima, and Kiyota (2005) analyze the entry/exit behavior patterns of Japanese firms during the 1990s and find that relatively efficient (high total factor productivity (TFP)) firms exited while relatively inefficient (low TFP) firms survived during the banking-crisis period of...
Persistent link: https://www.econbiz.de/10010332355
This paper characterizes long-run outcomes for broad classes of symmetric games, when players select actions on the basis of average historical performance. Received wisdom is that when agent's interests are partially opposed, behavior is excessively competitive: ``keeping up with the Jones' ''...
Persistent link: https://www.econbiz.de/10011940661