Risk attitudes and risk dominance in the long run
研究了长期中风险态度如何影响惯例的演化,发现风险厌恶与最大最小惯例相关,风险寻求与收益占优惯例相关。
This paper investigates the role that risk attitudes play in the evolution of conventions in the long run. Risk aversion is shown to be associated with the evolution of maximin conventions, and risk seeking with the evolution of payoff dominant conventions.