Preprintgreen2016

A Comment on "The Ecological Rationality of State-Dependent Valuation".

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Decision-Making and Behavioral Economics Experimental Behavioral Economics Studies Evolutionary Psychology and Human Behavior

Abstract

McNamara, Trimmer, and Houston [2012] claim to provide an explanation of certain systematic deviation from rational behavior using a mechanism that could arise through natural selection. We provide an arguably much simpler explanation. To argue convincingly that the type of mechanism proposed by McNamara et al. is adaptive, and is likely to be selected for by natural selection, one must argue that, in some sense, it is a better approach than the simple strategies that we propose.

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