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altruism 1 attraction 1 binary preference relation 1 compromise 1 egoism 1 fallback bargaining 1 regret 1 set betweenness axiom 1 shame 1 two-period choice model 1 utility function 1
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Zak, F. 1
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Journal of the New Economic Association 1
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Psychological Games in the Theory of Choice. II. Shame, Regret, Egoism and Altruism
Zak, F. - In: Journal of the New Economic Association 22 (2014) 2, pp. 12-40
In this paper we give a survey of recent works on game theory devoted to modeling of decision making process under bounded rationality. An agent's deviation from rational choice understood as maximization of gain can be caused by moral principles (religious beliefs, altruism, patriotism),...
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