Does altruism and morality lead to socially better outcomes in strategic interactions than selfishness? We shed some … material payoff if others were to act like himself or herself. It turns out that both altruism and morality may improve or … worsen equilibrium outcomes, depending on the nature of the game. Not surprisingly, both altruism and morality improve the …

implications of this idea for economics and game theory. We begin by discussing four classic accounts of the forces that hold human … been introduced into decision and game theory by means of assumptions about non-self-interested preferences specifically …, assumptions about altruism, warm glow, inequality aversion and reciprocity. We identify some of the limitations of these theories …