ISSN:
1432-1270
Keywords:
Key words: Evolutionary psychology
;
rationality
;
beliefs
Source:
Springer Online Journal Archives 1860-2000
Topics:
Mathematics
,
Economics
Notes:
Abstract. I study the evolution of rationality, using an indirect evolutionary approach, in which nature selects a decision-making procedure, and the procedure chooses actions in matching-games. The main result is that in order for (knowledge of) rationality to survive, it is necessary and sufficient that the rational procedure respects the attraction principle. That is, when a rational agent eliminates a strictly dominated action A, he should only increase the choice probability of the actions actually dominating A and not change the choice probability of other undominated actions. The attraction principle sharpens gametheoretic predictions. Attraction effects have been verified in psychological experiments.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/s001820070001
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