We propose a single evolutionary explanation for the origin of several behaviors that have been observed in organisms ranging from ants to human subjects, including risk-sensitive foraging, risk aversion, loss aversion, probability matching, randomization, and diversification. Given an initial population of individuals, each assigned a purely arbitrary behavior with respect to a binary choice problem, and assuming that offspring behave identically to their parents, only those behaviors linked to reproductive success will survive, and less reproductively successful behaviors will disappear at exponential rates. When the uncertainty in reproductive success is systematic, natural selection yields behaviors that may be individually sub-optimal ...
Animals must often decide between exploiting safe options or risky options with a chance for large g...
SYNOPSIS. Risk-sensitive foraging may occur whenever feeding success has non-linear effects on fitne...
This paper considers a continuous-time biological model in which the growth rate of a population is ...
We propose a single evolutionary explanation for the origin of several behaviors that have been obse...
We propose a single evolutionary explanation for the origin of several behaviors that have been obse...
Risk aversion is one of the most basic assumptions of economic behavior, but few studies have addres...
<div><h3>Background</h3><p>Most economic theories are based on the premise that individuals maximize...
BACKGROUND: Most economic theories are based on the premise that individuals maximize their own self...
Despite many compelling applications in economics, sociobiology, and evolutionary psychology, group ...
A long-standing question in biology and economics is whether individual organisms evolve to behave a...
The 50-year old definition of an evolutionarily stable strategy provided a key tool for theorists to...
Many species are able to learn to associate behaviours with rewards as this gives fitness advantages...
We examine evolutionary basis for risk aversion with respect to aggregate risk. We study populations...
Evolutionary game theory and the adaptive dynamics approach have made invaluable contributions to un...
Risk aversion is a common behavior universal to humans and animals alike. Economists have traditiona...
Animals must often decide between exploiting safe options or risky options with a chance for large g...
SYNOPSIS. Risk-sensitive foraging may occur whenever feeding success has non-linear effects on fitne...
This paper considers a continuous-time biological model in which the growth rate of a population is ...
We propose a single evolutionary explanation for the origin of several behaviors that have been obse...
We propose a single evolutionary explanation for the origin of several behaviors that have been obse...
Risk aversion is one of the most basic assumptions of economic behavior, but few studies have addres...
<div><h3>Background</h3><p>Most economic theories are based on the premise that individuals maximize...
BACKGROUND: Most economic theories are based on the premise that individuals maximize their own self...
Despite many compelling applications in economics, sociobiology, and evolutionary psychology, group ...
A long-standing question in biology and economics is whether individual organisms evolve to behave a...
The 50-year old definition of an evolutionarily stable strategy provided a key tool for theorists to...
Many species are able to learn to associate behaviours with rewards as this gives fitness advantages...
We examine evolutionary basis for risk aversion with respect to aggregate risk. We study populations...
Evolutionary game theory and the adaptive dynamics approach have made invaluable contributions to un...
Risk aversion is a common behavior universal to humans and animals alike. Economists have traditiona...
Animals must often decide between exploiting safe options or risky options with a chance for large g...
SYNOPSIS. Risk-sensitive foraging may occur whenever feeding success has non-linear effects on fitne...
This paper considers a continuous-time biological model in which the growth rate of a population is ...