Experimental Evolution and Economics

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 env...

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Main Authors: Terence C. Burnham, Aimee Dunlap, David W. Stephens
Format: Article
Language:English
Published: SAGE Publishing 2015-11-01
Series:SAGE Open
Online Access:https://doi.org/10.1177/2158244015612524
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spelling doaj-7962e7fc617444f1b993592bcbb4a9f12020-11-25T03:07:53ZengSAGE PublishingSAGE Open2158-24402015-11-01510.1177/215824401561252410.1177_2158244015612524Experimental Evolution and EconomicsTerence C. Burnham0Aimee Dunlap1David W. Stephens2Chapman University, Orange, CA, USAUniversity of Missouri–St. Louis, USAUniversity of Minnesota, St. Paul, USAThis 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.https://doi.org/10.1177/2158244015612524
collection DOAJ
language English
format Article
sources DOAJ
author Terence C. Burnham
Aimee Dunlap
David W. Stephens
spellingShingle Terence C. Burnham
Aimee Dunlap
David W. Stephens
Experimental Evolution and Economics
SAGE Open
author_facet Terence C. Burnham
Aimee Dunlap
David W. Stephens
author_sort Terence C. Burnham
title Experimental Evolution and Economics
title_short Experimental Evolution and Economics
title_full Experimental Evolution and Economics
title_fullStr Experimental Evolution and Economics
title_full_unstemmed Experimental Evolution and Economics
title_sort experimental evolution and economics
publisher SAGE Publishing
series SAGE Open
issn 2158-2440
publishDate 2015-11-01
description 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.
url https://doi.org/10.1177/2158244015612524
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AT davidwstephens experimentalevolutionandeconomics
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