Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/127059
Authors: 
Horioka, Charles Yuji
Year of Publication: 
2014
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 912
Abstract: 
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded behavioral assumptions and technological innovation and that the goal of the evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction of households to the introduction of new goods and services. The paper concludes with a brief discussion of loss aversion and self-interest vs. altruism.
Subjects: 
altruism
altruistic bequest motive
behavioral assumptions
behavioral economics
bequest motives
bounded rationality
consumption behavior
creative destruction
destructive technologies
dynastic bequest motive
evolution
evolutionary biology
evolutionary economics
group selection
household behavior
kin selection
loss aversion
natural selection
neoclassical economics
observational implications
profit maximization
pure altruism
rationality
reciprocal altruism
satisficing
selfishness
self-interest
strategic bequest motive
survival of the fittest
technology
technological innovation
technological progress
utility maximization
JEL: 
B15
B25
B52
D11
D91
E21
O31
O33
Document Type: 
Working Paper

Files in This Item:
File
Size
151.51 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.