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Frustration, aggression, and anger in leader-follower games

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  • Battigalli, Pierpaolo
  • Dufwenberg, Martin
  • Smith, Alec

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.

Suggested Citation

  • Battigalli, Pierpaolo & Dufwenberg, Martin & Smith, Alec, 2019. "Frustration, aggression, and anger in leader-follower games," Games and Economic Behavior, Elsevier, vol. 117(C), pages 15-39.
  • Handle: RePEc:eee:gamebe:v:117:y:2019:i:c:p:15-39
    DOI: 10.1016/j.geb.2019.06.001
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    More about this item

    Keywords

    Frustration; Anger; Blame; Belief-dependent preferences; Psychological games; Threats;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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