Integrating Affective Responses into Game Theory: A Dual Selves Model

Matthias Greiff

MAGKS Papers on Economics from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)

Abstract: This paper develops a method to integrate affective reponses into game theoretical models. We illustrate our method in a team production framework. The model analyzes how concave and convex status preferences for esteem solve the problem of team production under complete and incomplete information about workers’ abilities. Using a dual selves model, we model the choice of effort as a deliberative decision and the expression of esteem as an affective response. Modeling an individual’s affective system as a seperate player allows us to apply standard game-theoretic solution concepts to analyze affective responses.

JEL-codes: D03 D21 D8 M5 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2015
New Economics Papers: this item is included in nep-cbe, nep-gth and nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:mar:magkse:201517

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