Belief-Dependent Motivations and Psychological Game Theory
- (pp. 833-82)
AbstractThe mathematical framework of psychological game theory is useful for describing many forms of motivation where preferences depend directly on one's own or others' beliefs. It allows for incorporating, for example, emotions, reciprocity, image concerns, and self-esteem in economic analysis. We explain how and why, discussing basic theory, experiments, applied work, and methodology.
CitationBattigalli, Pierpaolo, and Martin Dufwenberg. 2022. "Belief-Dependent Motivations and Psychological Game Theory." Journal of Economic Literature, 60 (3): 833-82. DOI: 10.1257/jel.20201378
- C70 Game Theory and Bargaining Theory: General
- D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making