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Fair is foul, and foul is fair: experimental evolutionary studies of mismatch

Author

Listed:
  • Terence C. Burnham

    (Chapman University)

  • John P. Phelan

    (UCLA)

Abstract

We describe two types of experimental evolution studies of “mismatch” that are relevant to economics. “Evolutionary mismatch” is the concept that an organism can be importantly “out of sync” with its environment. In such cases, an organism may choose an option that is inferior to a feasible alternative. Mainstream and behavioral economics do not address the notion of evolutionary mismatch. We argue for an empirical program on mismatch utilizing the methodology of experimental evolution.

Suggested Citation

  • Terence C. Burnham & John P. Phelan, 2018. "Fair is foul, and foul is fair: experimental evolutionary studies of mismatch," Journal of Bioeconomics, Springer, vol. 20(1), pages 153-157, April.
    • Handle: RePEc:kap:jbioec:v:20:y:2018:i:1:d:10.1007_s10818-017-9266-7
    DOI: 10.1007/s10818-017-9266-7
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    References listed on IDEAS

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    1. Terence C. Burnham & Aimee Dunlap & David W. Stephens, 2015. "Experimental Evolution and Economics," SAGE Open, , vol. 5(4), pages 21582440156, November.
    2. Hansson, Ingemar & Stuart, Charles, 1990. "Malthusian Selection of Preferences," American Economic Review, American Economic Association, vol. 80(3), pages 529-544, June.
    3. Terence C. Burnham, 2016. "Economics and evolutionary mismatch: humans in novel settings do not maximize," Journal of Bioeconomics, Springer, vol. 18(3), pages 195-209, October.
    4. Becker, Gary S, 1976. "Altruism, Egoism, and Genetic Fitness: Economics and Sociobiology," Journal of Economic Literature, American Economic Association, vol. 14(3), pages 817-826, September.
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    Cited by:

    1. Terence C. Burnham & Jay Phelan, 2020. "Ordinaries," Journal of Bioeconomics, Springer, vol. 22(1), pages 1-14, April.

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