On the evolution of attitudes towards risk in winner-take-all games

被引:64
作者
Dekel, E [1 ]
Scotchmer, S
机构
[1] Northwestern Univ, Dept Econ, Evanston, IL 60201 USA
[2] Tel Aviv Univ, IL-69978 Tel Aviv, Israel
[3] Univ Calif Berkeley, GSPP, Berkeley, CA 94720 USA
[4] Univ Calif Berkeley, Dept Econ, Berkeley, CA 94720 USA
基金
美国国家科学基金会;
关键词
D O I
10.1006/jeth.1999.2537
中图分类号
F [经济];
学科分类号
02 ;
摘要
A long-standing conjecture is that winner-take-all games such as patent races lead to the survival of risk-takers and the extinction of risk-averters. In many species a winner-lake-ail game determines the males' right to reproduce, and the same argument suggests that males will evolve to he risk-takers. Psychological and sociological evidence buttresses the argument that males are more risk-taking than females. Using an evolutionary model of preference-formation, we investigate to what extent evolution leads to risk-taking in winner-take-ail environments. Journal of Economic Literature Classification Numbers: C7, D8. (C) 1999 Academic Press.
引用
收藏
页码:125 / 143
页数:19
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