Frustration, aggression, and anger in leader-follower games

Pierpaolo Battigalli, Martin Dufwenberg, Alec Smith

Research output: Contribution to journalArticle

4 Scopus citations

Abstract

Frustration, anger, and blame have important consequences for economic and social behavior, concerning for example monopoly pricing, contracting, bargaining, 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 a class of two-stage games.

Original languageEnglish (US)
Pages (from-to)15-39
Number of pages25
JournalGames and Economic Behavior
Volume117
DOIs
StatePublished - Sep 1 2019

Keywords

  • Anger
  • Belief-dependent preferences
  • Blame
  • Frustration
  • Psychological games
  • Threats

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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