In this study, we develop a framework to incorporate social preferences such as outcome-based distributional preferences, reciprocity, and image concerns into strategic interactions. We introduce a new equilibrium concept that is an extended version of Nash equilibria and study the one-shot...

In this study, we present a behavioral definition of betrayal aversion with sources of uncertainty and develop a framework for various trust games, including context dependence, communication, and pressure. In our framework, attitudes toward betrayal aversion depend on the perception of...

In this study, we propose a stochastic choice model to identify the motivations of prosocial behavior. We focus on the role of inequity aversion in outcome-based preferences and the shame of acting selfishly in social concerns. We employ an additively perturbed utility model to social...