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Complexity and EvolutionToward a New Synthesis for Economics$
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David S Wilson and Alan Kirman

Print publication date: 2016

Print ISBN-13: 9780262035385

Published to MIT Press Scholarship Online: May 2017

DOI: 10.7551/mitpress/9780262035385.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 24 July 2021

Evolutionary Behavioral Economics

Evolutionary Behavioral Economics

Chapter:
(p.113) 8 Evolutionary Behavioral Economics
Source:
Complexity and Evolution
Author(s):

Terence C. Burnham

Stephen E. G. Lea

Adrian V. Bell

Herbert Gintis

Paul W. Glimcher

Robert Kurzban

Leonhard Lades

Kevin McCabe

Karthik Panchanathan

Miriam Teschl

Ulrich Witt

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262035385.003.0008

This chapter explores how the economic model of individual behavior can be improved by incorporating a number of insights from evolutionary theory and complex systems theory. Insights from psychology, the neurosciences, and the behavioral strand of economics may be better understood from an evolutionary and complexity perspective. It takes an integrated interdisciplinary approach to economic phenomena. Core concepts in economic theory (preference and choice) are clarified and Tinbergen’s “four questions” about the origins of behavior are used to provide a framework. Informed by Tinbergen, areas from behavioral science are presented which may be useful for understanding economic behavior: some are directly evolutionary, while others come from scientific contexts informed by evolutionary theory. Each area has yielded well researched ideas that provide considerable insight into human nature. It concludes with a review of where research stands today and where it could be directed in the future.

Keywords:   Strüngmann Forum Reports, behavioral economics, complex systems theory, evolution, neuroeconomics, preference theory, Tinbergen's four questions

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