Alger, Ingela and Weibull, Jörgen W.
(2017)
Strategic Behavior of Moralists and Altruists,.
TSE Working Paper, n. 17-833, Toulouse
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Abstract
Does altruism and morality lead to socially better outcomes in strategic interactions than selfishness? We shed some light on this complex and non-trivial issue by examining a few canonical strategic interactions played by egoists, altruists and moralists. By altruists we mean people who do not only care about their own material payoffs but also about those to others, and by a moralist we mean someone who cares about own material payoff and also about what would be his or her material payoff if others were to act like himself or herself. It turns out that both altruism and morality may improve or worsen equilibrium outcomes, depending on the nature of the game. Not surprisingly, both altruism and morality improve the outcomes in standard public goods games. In infinitely repeated games, however, both altruism and morality may diminish the prospects of cooperation, and to different degrees. In coordination games, morality can eliminate socially inefficient equilibria while altruism cannot.
Item Type: | Monograph (Working Paper) |
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Language: | English |
Date: | August 2017 |
Place of Publication: | Toulouse |
Uncontrolled Keywords: | altruism, morality, Homo moralis, repeated games, coordination games |
JEL Classification: | C73 - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games D01 - Microeconomic Behavior - Underlying Principles D03 - Behavioral Economics; Underlying Principles |
Subjects: | B- ECONOMIE ET FINANCE |
Divisions: | TSE-R (Toulouse) |
Institution: | Université Toulouse 1 Capitole |
Site: | UT1 |
Date Deposited: | 16 Apr 2018 15:23 |
Last Modified: | 18 Jul 2023 08:46 |
OAI Identifier: | oai:tse-fr.eu:31951 |
URI: | https://publications.ut-capitole.fr/id/eprint/25667 |
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