IDEAS home Printed from https://ideas.repec.org/p/fip/fedbwp/11-15.html
   My bibliography  Save this paper

Games with synergistic preferences

Author

Listed:
  • Julian Jamison

Abstract

In economic situations a player often has preferences regarding not only his or her own outcome but also regarding what happens to fellow players, concerns that are entirely apart from any strategic considerations. While this can be modeled directly by simply writing down a player's final preferences, these are commonly unknown a priori. In many cases it is therefore both helpful and instructive to explicitly model these interactions. This paper, building on a model due to Bergstrom (1989, 1999), presents a simple structure in the context of game theory that incorporates the \"synergies\" between players. It is powerful enough to cover a wide range of such interactions and model many disparate experimental and empirical results, yet it is straightforward enough to be used in many applied situations where altruism, or a baser motive, is implied.

Suggested Citation

  • Julian Jamison, 2011. "Games with synergistic preferences," Working Papers 11-15, Federal Reserve Bank of Boston.
    • Handle: RePEc:fip:fedbwp:11-15
    as

    Download full text from publisher

    File URL: http://www.bostonfed.org/economic/wp/wp2011/wp1115.htm
    Download Restriction: no
    File URL: http://www.bostonfed.org/economic/wp/wp2011/wp1115.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sally, David, 2001. "On sympathy and games," Journal of Economic Behavior & Organization, Elsevier, vol. 44(1), pages 1-30, January.
    2. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    3. Frank, Robert H, 1987. "If Homo Economicus Could Choose His Own Utility Function, Would He Want One with a Conscience?," American Economic Review, American Economic Association, vol. 77(4), pages 593-604, September.
    4. Ken Binmore, 1994. "Game Theory and the Social Contract, Volume 1: Playing Fair," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262023636, April.
    5. Palfrey, Thomas R. & Rosenthal, Howard, 1988. "Private incentives in social dilemmas : The effects of incomplete information and altruism," Journal of Public Economics, Elsevier, vol. 35(3), pages 309-332, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Julian Jamison, 2012. "Games with Synergistic Preferences," Games, MDPI, vol. 3(1), pages 1-15, March.
    2. Ingela Alger & Jörgen W. Weibull, 2013. "Homo Moralis—Preference Evolution Under Incomplete Information and Assortative Matching," Econometrica, Econometric Society, vol. 81(6), pages 2269-2302, November.
    3. Nataliya Kusa, 2018. "Should intra-familial time transfers be compensated financially?," MAGKS Papers on Economics 201802, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    4. Güth, W. & Nitzan, S., 1993. "Are moral objections to free riding evolutionarily stable?," Discussion Paper 1993-2, Tilburg University, Center for Economic Research.
    5. Luis Rayo & Arthur J. Robson, 2013. "Biology and the Arguments of Utility," Levine's Working Paper Archive 786969000000000787, David K. Levine.
    6. Philippe Fontaine, 2000. "Making use of the past: theorists and historians on the economics of altruism," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(3), pages 407-422.
    7. Steen Thomsen, 2001. "Business Ethics as Corporate Governance," European Journal of Law and Economics, Springer, vol. 11(2), pages 153-164, March.
    8. Güth, W. & Nitzan, S., 1993. "Are moral objections to free riding evolutionarily stable?," Other publications TiSEM 2bc0f3ac-fd90-46b5-8b03-d, Tilburg University, School of Economics and Management.
    9. Matthijs van Veelen & Benjamin Allen & Moshe Hoffman & Burton Simon & Carl Veller, 2016. "Inclusive Fitness," Tinbergen Institute Discussion Papers 16-055/I, Tinbergen Institute.
    10. Max Albert & Ronald A. Heiner, 2003. "An Indirect-Evolution Approad to Newcomb's Problem," Homo Oeconomicus, Institute of SocioEconomics, vol. 20, pages 161-194.
    11. Michaeli, Moti, 2015. "Group Formation, In-group Bias and the Cost of Cheating," Economics Working Papers MWP2015/04, European University Institute.
    12. Pfeuffer, Wolfgang, 2006. "Religion as a Seed Crystal for Altruistic Cooperation," Munich Dissertations in Economics 5788, University of Munich, Department of Economics.
    13. Vogt, Carsten, 2000. "The evolution of cooperation in Prisoners' Dilemma with an endogenous learning mutant," Journal of Economic Behavior & Organization, Elsevier, vol. 42(3), pages 347-373, July.
    14. Karl Wärneryd, 2014. "Observable Strategies, Commitments, and Contracts," CESifo Working Paper Series 5089, CESifo.
    15. Alger, Ingela & Weibull, Jörgen W., 2016. "Evolution and Kantian morality," Games and Economic Behavior, Elsevier, vol. 98(C), pages 56-67.
    16. Ishii, Ryosuke, 2012. "Observable Actions," ビジネス創造センターディスカッション・ペーパー (Discussion papers of the Center for Business Creation) 10252/4776, Otaru University of Commerce.
    17. Bergstrom, Ted, 2001. "Evolution of Social Behavior: Individual and Group Selection Models," University of California at Santa Barbara, Economics Working Paper Series qt2bh2x16r, Department of Economics, UC Santa Barbara.
    18. Satoshi Kanazawa, 2004. "The Savanna Principle," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 25(1), pages 41-54.
    19. De Fraja, Gianni, 2009. "The origin of utility: Sexual selection and conspicuous consumption," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 51-69, October.
    20. Reiner Eichenberger & David Stadelmann, 2009. "Consequences of Debt Capitalization: Property Ownership and Debt/Tax Choice," CREMA Working Paper Series 2009-08, Center for Research in Economics, Management and the Arts (CREMA).

    More about this item

    Keywords

    Human behavior; Game theory; Altruism;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedbwp:11-15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Spozio (email available below). General contact details of provider: https://edirc.repec.org/data/frbbous.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.