Frustration and Anger in Games

Pierpaolo Battigalli (pierpaolo.battigalli@unibocconi.it), Martin Dufwenberg and Alec Smith

No 539, Working Papers from IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University

Abstract: Frustration, anger, and blame have important consequences for economic and social behavior, concerning for example monopoly pricing, contracting, bargaining, violence, and politics. Drawing on insights from psychology, we develop a formal approach to exploring how frustration and anger, via blame and aggression, shape interaction and outcomes in strategic settings. KEYWORDS: frustration, anger, blame, belief-dependent preferences, psychological games. EL codes: C72, D01, D91

Date: 2015
New Economics Papers: this item is included in nep-cta, nep-gth, nep-hpe and nep-mic
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Citations: View citations in EconPapers (15)

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