Frustration and Anger in Games
53 Pages Posted: 9 Apr 2015
Date Written: March 30, 2015
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: Suggested Citation