When More Selection Is Worse
Abstract
We demonstrate a paradox of selection: the average level of skill among the survivors of selection may initially increase but eventually decrease. This result occurs in a simple model in which performance is not frequency dependent, there are no delayed effects, and skill is unrelated to risk-taking. The performance of an agent in any given period equals a skill component plus a noise term. We show that the average skill of survivors eventually...
Paper Details
Title
When More Selection Is Worse
Published Date
Mar 1, 2017
Journal
Volume
2
Issue
1
Pages
39 - 63
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Notes
History