Psychological game theory

Pierpaolo Battigalli; Martin Dufwenberg

doi:10.4337/9781802207736.000105

Psychological game theory

Pierpaolo Battigalli
, Martin Dufwenberg

Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

Psychological game theory is a formal framework that allows players’ utilities to depend on their first- or higher-order beliefs about how a game is played. This is useful for modelling many forms of human motivations, including emotions, reciprocity, and image concerns. We explain this while giving a particular perspective. Namely, we stress how different forms of motivation can be classified according to the timing and player ownership of the beliefs that affect a player's utility.

Original language	English (US)
Title of host publication	Elgar Encyclopedia of Behavioural and Experimental Economics
Publisher	Edward Elgar Publishing Ltd.
Pages	339-340
Number of pages	2
ISBN (Electronic)	9781802207736
ISBN (Print)	9781802207729
DOIs	https://doi.org/10.4337/9781802207736.000105
State	Published - Jan 1 2025

Keywords

Beliefs
Emotions
Image
Psychological Game Theory
Reciprocity
Utility

ASJC Scopus subject areas

General Economics, Econometrics and Finance
General Business, Management and Accounting

Access to Document

10.4337/9781802207736.000105

Cite this

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AB - Psychological game theory is a formal framework that allows players’ utilities to depend on their first- or higher-order beliefs about how a game is played. This is useful for modelling many forms of human motivations, including emotions, reciprocity, and image concerns. We explain this while giving a particular perspective. Namely, we stress how different forms of motivation can be classified according to the timing and player ownership of the beliefs that affect a player's utility.

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KW - Image

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KW - Reciprocity

KW - Utility

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PB - Edward Elgar Publishing Ltd.

ER -

Psychological game theory

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

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