Experimental Evolution and Economics

Terence C. Burnham; Aimee Dunlap; David W. Stephens

doi:10.1177/2158244015612524

Experimental Evolution and Economics

Terence C. Burnham, Aimee Dunlap, David W. Stephens

University of Missouri-St. Louis

Research output: Contribution to journal › Article › peer-review

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.

Original language	American English
Journal	Default journal
DOIs	https://doi.org/10.1177/2158244015612524
State	Published - Jan 1 2015

Disciplines

Economic Theory
Other Economics

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AB - 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.

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DO - 10.1177/2158244015612524

M3 - Article

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Experimental Evolution and Economics

Abstract

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