Title: Interactive preferences
Authors : Nax, Heinrich H.
Murphy, Ryan O.
Ackermann, Kurt Alexander
et. al : No
Published in : Economics Letters
Volume(Issue) : 135
Pages : 133
Pages to: 136
Publisher / Ed. Institution : Elsevier
Issue Date: 2015
License (according to publishing contract) : Licence according to publishing contract
Type of review: Peer review (publication)
Language : English
Subjects : Game theory; Preference evolution; Social preference
Subject (DDC) : 302: Social interaction
Abstract: Game theory presumes that agents have unique preference orderings over outcomes that prescribe unique preference orderings over actions in response to other players’ actions, independent of other players’ preferences. This independence assumption is necessary to permit game-theoretic best response reasoning, but at odds with introspection, because preferences toward one another often dynamically depend on each other. In this note, we propose a model of interactive preferences. The model is validated with data from a laboratory experiment. The main finding of our study is that pro-sociality diminishes over the course of the interactions.
Departement: School of Management and Law
Organisational Unit: Institute of Marketing Management (IMM)
Publication type: Article in scientific journal
DOI : 10.1016/j.econlet.2015.08.008
ISSN: 0165-1765
URI: https://digitalcollection.zhaw.ch/handle/11475/17818
Appears in Collections:Publikationen School of Management and Law

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