The paper analyzes under what conditions spiteful preferences are evolutionarily stable applying the indirect evolution approach. With a quadratic material payo¤ function, spiteful preferences are evolutionarily stable for a large set of parameters. It is shown that strategic substitutability or complementarity is endogenous property of the game played with evolutionarily stable preferences. Its relation to properties of the material payoff function is analyzed. Finally, it is shown that with incomplete information only selfish preferences are evolutionarily stable.
|Place of Publication||Tilburg|
|Number of pages||15|
|Publication status||Published - 1999|
|Name||CentER Discussion Paper|
- indirect evolution
- endogenous preferences