Eastern Economic Journal
Department or Program
Genetic algorithm, Learning, Religion
This paper explores the determinants of religiosity in a growth model. Religion reduces the time available for labor and the perceived likelihood of hell. A genetic algorithm selects agents’ discount factors based on their parents’ wealth. A higher discount factor increases savings, encouraging wealth accumulation, but also increases the discounted disutility of eternal damnation, incentivizing religion. The model converges to intermediate levels of the discount factor and religion where wealth is maximized. The genetic process selects agents’ level of patience, and the impact on religion is a side effect. Religion thus exists in equilibrium, even if it reduces genetic fitness.
Shea, P. 2019. "The Macroeconomics of Pascal's Wager." Eastern Economic Journal. 45(4): 481-496. https://doi.org/10.1057/s41302-019-00143-6
This is the author's version of the work. This publication appears in Bates College's institutional repository by permission of the copyright owner for personal use, not for redistribution.
Required Publisher's Statement
The version of record of this article, first published in Eastern Economic Journal, is available online at Publisher’s website: https://doi.org/10.1057/s41302-019-00143-6