Rent, risk, and replication: Preference adaptation in winner-take-all markets.

DOI10.1016/S0899-8256(02)00503-1zbMath1037.91026OpenAlexW1541621226MaRDI QIDQ1864829

Karl Wärneryd

Publication date: 23 March 2003

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0899-8256(02)00503-1

zbMATH Keywords

ContestsPreference evolutionRisk attitudesWinner-take-all markets

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Individual preferences (91B08)

Related Items (5)

The evolution of preferences for conflict ⋮ Common-value contests with asymmetric information ⋮ On the evolution of prize perceptions in contests ⋮ Gender differences in cooperation with group membership ⋮ Risk taking in selection contests

Cites Work

• The law of large numbers with a continuum of i.i.d. random variables
• Laws of large numbers for dynamical systems with randomly matched individuals
• Risk and evolution
• On the evolution of attitudes towards risk in winner-take-all games
• The evolution of attitudes to risk: Lottery tickets and relative wealth
• A biological basis for expected and non-expected utility
• Evolutionary dynamics on infinite strategy spaces
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