Work

Experimental Evolution and Economics

Year: 2015

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.

Source: SAGE Open

DOI: 10.1177/2158244015612524

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

Institutions: Chapman University, University of Missouri–St. Louis, University of Minnesota

Language: English

Topic: Economic Theory and Institutions

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $1,600

OpenAlex ID: W2177530416

FWCI: 11.21

Cites: 154

Cited by: 48

Related to: 10