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Love is not enough: Other-regarding preferences cannot explain payoff dominance in game theory

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journal contribution
posted on 2007-07-20, 09:38 authored by Andrew M. Colman
Even if game theory is broadened to encompass other-regarding preferences, it cannot adequately model all aspects of interactive decision making. Payoff dominance is an example of a phenomenon that can be adequately modeled only by departing radically from standard assumptions of decision theory and game theory – either the unit of agency or the nature of rationality.

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Citation

Behavioral and Brain Sciences, 2007, 30, p22-23

Published in

Behavioral and Brain Sciences

Publisher

Cambridge University Press

Available date

2007-07-20

Notes

This is the author's draft of an article published in Behavioral and Brain Sciences http://journals.cambridge.org/action/displayJournal?jid=BBS

Language

en

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