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Psychological game theory in public choice

Author

Listed:
  • Gregory DeAngelo

    (Claremont Graduate University)

  • Bryan C. McCannon

    (West Virginia University)

Abstract

We present the basic framework of psychological game theory (PGT) and linkages to the public choice literature. The distinction between PGT and other game-theoretic frameworks rests on the inclusion of beliefs about strategies directly within the players’ objective functions. Thus, a natural extension of PGT includes the consideration of non-monetary drivers of behavior. We provide examples of applications in public choice.

Suggested Citation

  • Gregory DeAngelo & Bryan C. McCannon, 2020. "Psychological game theory in public choice," Public Choice, Springer, vol. 182(1), pages 159-180, January.
    • Handle: RePEc:kap:pubcho:v:182:y:2020:i:1:d:10.1007_s11127-019-00676-6
    DOI: 10.1007/s11127-019-00676-6
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    Cited by:

    1. Mario A. Maggioni & Domenico Rossignoli, 2021. "If it Looks like a Human and Speaks like a Human..," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis2101, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
    2. Gregory DeAngelo & Bryan C. McCannon, 2022. "Behavioral economics and public choice: introduction to a special issue," Public Choice, Springer, vol. 191(3), pages 285-292, June.
    3. Mario A. Maggioni & Domenico Rossignoli, 2021. "If it Looks like a Human and Speaks like a Human ... Dialogue and cooperation in human-robot interactions," Papers 2104.11652, arXiv.org, revised May 2021.
    4. Maggioni, Mario A. & Rossignoli, Domenico, 2023. "If it looks like a human and speaks like a human ... Communication and cooperation in strategic Human–Robot interactions," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 104(C).

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    More about this item

    Keywords

    Psychological game theory; Public choice; Non-monetary incentives;
    All these keywords.

    JEL classification:

    • H0 - Public Economics - - General
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

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