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

  • Andrew M. Colman (a1)

Abstract

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

  • Andrew M. Colman (a1)

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