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Research Details
Information, Evolution and Utility, Theoretical Economics
Abstract
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.
Type
Article
Author(s)
Jeroen Swinkels, Larry Samuelson
Date Published
2006
Citations
Swinkels, Jeroen, and Larry Samuelson. 2006. Information, Evolution and Utility. Theoretical Economics. 1(1): 47-92.
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