Ken Binmore: Behavioral Scientist

Luciano Andreozzi ()
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Luciano Andreozzi: Universitá degli Studi di Trento

Homo Oeconomicus: Journal of Behavioral and Institutional Economics, 2022, vol. 39, issue 2, No 3, 127-144

Abstract: Abstract This paper discusses Ken Binmore’s contribution to the debate on other-regarding preferences with reference to his contributions on equilibrium selection in non-cooperative games. We first assess his claim that the experimental evidence in favor of different types of social preferences has been vastly exaggerated. Then, we compare Binmore’s contribution with some recent developments of the literature. We show that recent experimental evidence lends support to his view that subjects’ behavior is mostly driven by a combination of learning and selfishness. From a theoretical point of view, we show that Binmore’s positions foreshadowed what is today known as the Social Heuristic Hypothesis.

Keywords: Other regarding preferences; Game theory; Social heuristics hypothesis (search for similar items in EconPapers)
JEL-codes: D01 D64 D83 D91 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s41412-021-00117-0

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