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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26388
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| Title: | | Evolutionarily stable preferences in contests  |
| Authors: | | Leininger, Wolfgang |
| Issue Date: | | 2008 |
| Series/Report no.: | | CESifo working paper 2343 |
| Abstract: | | We define an indirect evolutionary approach formally and apply it to (Tullock) contests. While it is known (Leininger, 2003) that the direct evolutionary approach in the form of finite population ESS (Schaffer, 1988) yields more aggressive behavior than in Nash equilibrium, it is now shown that the indirect evolutionary approach yields the same more aggressive behavior, too. This holds for any population size N, if evolution of preferences is determined by behavior in two-player contests. The evolutionarily stable preferences (ESP) of the indirect approach turn out to be negatively interdependent, thereby rationalizing the more aggressive behavior. |
| Subjects: | | Contests preference evolution evolutionary stability |
| JEL: | | C79 D72 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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