The Effect of Life Expectancy on Risk Aversion
نویسندگان
چکیده
In this paper we investigate the effect of life expectancy on risk attitude in an artificial multi-agent world, which is a variant of the sugarscape [2]. Our basic approach is evolutionary in that we encode risk attitude as a gene within the agents that undergoes variation and selection and perform simulations to see the evolved (i.e., presumed optimal) values of this gene/attitude under different conditions. We observe that agents that have much to loose (i.e., their “eternal life”) evolve a more risk averse type of behavior than agents with a limited life span.
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