0000000000113653

AUTHOR

Felipe Zurita

showing 2 related works from this author

Evolving to the Impatience Trap: The Example of the Farmer-Sheriff Game

2011

The literature on the evolution of impatience, focusing on one-person decision problems, finds that evolutionary forces favor the more patient individuals. This paper shows that in the context of a game, this is not necessarily the case. In particular, it offers a two-population example where evolutionary forces favor impatience in one group while favoring patience in the other. Moreover, not only evolution but also efficiency may prefer impatient individuals. In our example, it is efficient for one population to evolve impatience and for the other to develop patience. Yet, evolutionary forces move the wrong populations.

MicroeconomicsTrap (computing)education.field_of_studymedia_common.quotation_subjectPopulationEconomicsContext (language use)PatienceDecision problemeducationMathematical economicsmedia_commonSSRN Electronic Journal
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Evolution of impatience: The example of the Farmer-Sheriff game

2015

The literature on the evolution of impatience, focusing on one-person decision problems, often finds that evolutionary forces favor the more patient individuals. This paper shows that in games where equilibrium involves threat of punishment there are forces generating an evolutionary advantage to the impatient. In particular, it offers a two-population example where evolutionary forces favor impatience in one group while favoring patience in the other. Moreover, efficiency may also favor impatient individuals. In our example, it is efficient for one population to evolve impatience and for the other to develop patience. Yet, evolutionary forces move the opposite direction. Fil: Levine, David…

education.field_of_studyPunishmentEvolutionmedia_common.quotation_subjectPopulationjel:C73Impatiencejel:C78PatienceDecision problemEconomía y NegociosMicroeconomicsCIENCIAS SOCIALESEconomics Econometrics and Finance (all)2001 Economics Econometrics and Finance (miscellaneous)Otras Economía y NegociosEconomicsEvolutionary Game TheoryeducationReplicator DynamicsGeneral Economics Econometrics and FinanceMathematical economicsmedia_common
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