Objective
A recent psychological and experimental literature on human behavior suggests that standard preferences assumed in economic models are inadequate to explain human choice behaviors in numerous environments. The primary objective of this project is to establish evolutionary foundations for non-standard preferences. Most models in economics take preferences as given and derive the choices induced by these preferences. We intend to do just the opposite. We characterize the choice behavior that would survive evolution and then represent this choice behavior with preferences. That is, we identify the preferences that induce evolutionarily stable choice behavior. We identify each choice behavior with a gene. Hence, the choices an individual makes during her lifetime are determined by her genes, where these are inherited from her parents. A population can be defined as a group of individuals having the same genes. Populations with different genes may grow at different rates. Only those genes that induce the highest possible population growth rate given the physical environment survive evolution. We wish to apply the principle described above to derive implications for time preferences, preference for similarities, preferences for discrimination, preferences for conformity, and other important socio-economic behaviors. The goal of the project is to provide a theoretical guidance for which preferences are admissible and which are not likely to arise.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences economics and business economics
- social sciences sociology social issues social inequalities
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
ERC-2009-StG
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Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Host institution
WC2A 2AE London
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.