Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/217036 
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8285
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
The mathematical framework of psychological game theory is useful for describing many forms of motivation where preferences depend directly on own or others' beliefs. It allows for incorporating, e.g., emotions, reciprocity, image concerns, and self-esteem in economic analysis. We explain how and why, discussing basic theory, experiments, applied work, and methodology.
Subjects: 
psychological game theory
belief-dependent motivation
reciprocity
emotions
image concerns
self-esteem
JEL: 
C72
D91
Document Type: 
Working Paper
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