Frustration and Anger in Games

53 Pages Posted: 9 Apr 2015

See all articles by Pierpaolo Battigalli

Pierpaolo Battigalli

University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) - Department of Economics (DEP); Università degli Studi di Milano-Bicocca - Center for Interdisciplinary Studies in Economics, Psychology & Social Sciences (CISEPS)

Martin Dufwenberg

University of Arizona - Department of Economics

Alec Smith

California Institute of Technology

Date Written: March 30, 2015

Abstract

Frustration, anger, and aggression have important consequences for economic and social behavior, concerning for example monopoly pricing, contracting, bargaining, traffic safety, violence, and politics. Drawing on insights from psychology, we develop a formal approach to exploring how frustration and anger, via blame and aggression, shape interaction and outcomes in economic settings.

Keywords: frustration, anger, blame, belief-dependent preferences, psychological games

JEL Classification: C720, D030

Suggested Citation

Battigalli, Pierpaolo and Dufwenberg, Martin and Smith, Alec, Frustration and Anger in Games (March 30, 2015). CESifo Working Paper Series No. 5258. Available at SSRN: https://ssrn.com/abstract=2591839

Pierpaolo Battigalli

University of Bocconi - Innocenzo Gasparini Institute for Economic Research (IGIER) - Department of Economics (DEP) ( email )

Via Gobbi 5
Milan, 20136
Italy

Università degli Studi di Milano-Bicocca - Center for Interdisciplinary Studies in Economics, Psychology & Social Sciences (CISEPS) ( email )

Piazza dell'Ateneo Nuovo, 1
Milano, 20126
Italy

Martin Dufwenberg (Contact Author)

University of Arizona - Department of Economics ( email )

McClelland Hall
Tucson, AZ 85721-0108
United States

Alec Smith

California Institute of Technology ( email )

Pasadena, CA 91125
United States

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