The Selection of Preferences Through Imitation

S-Tier
Journal: Review of Economic Studies
Year: 1998
Volume: 65
Issue: 4
Pages: 761-771

Authors (2)

Robin P. Cubitt (not in RePEc) Robert Sugden (University of East Anglia)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The paper presents a model in which a population of agents repeatedly play games against nature; the rules of behaviour followed are revised over time through a process of imitation. For binary decisions, imitation selects rules consistent with a preference relation of the kind proposed by SSB utility theory and regret theory. In general, this preference relation need not satisfy either independence or transitivity; we state conditions on imitation necessary for it to do so. For decisions over three or more options, the long-run tendency is for options that are maximally preferred in terms of SSB preferences to be chosen. If no maximally preferred option exists, the process of imitation may not converge.

Technical Details

RePEc Handle
repec:oup:restud:v:65:y:1998:i:4:p:761-771.
Journal Field
General
Author Count
2
Added to Database
2026-01-25