Document Type
Article
Abstract
This is a theory paper that advocates experimental evolution as a novel approach to study economic preferences. Economics could benefit because preferences are exogenous, axiomatic, and contentious. Experimental evolution allows the empirical study of preferences by placing organisms in designed environments and studying their genotype and phenotype over multiple generations. We describe a number of empirical studies on different aspects of preferences. We argue that experimental evolution has the potential to improve economics.
Publication Date
11-20-2015
ISSN
2158-2440
Publication Title
SAGE Open
Volume
5
Issue
4
DOI
10.1177/2158244015612524
Recommended Citation
Burnham, Terence C.; Dunlap, Aimee S.; and Stephens, David W., "Experimental Evolution and Economics" (2015). Educator Preparation & Leadership Faculty Works. 112.
DOI: https://doi.org/10.1177/2158244015612524
Available at:
https://irl.umsl.edu/epir/112