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The influence of psychological game theory

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  • Azar, Ofer H.

Abstract

The article analyzes the impact of three important areas in psychological game theory (PGT), namely the basic framework, reciprocity, and guilt aversion. Using a set of 12 highly-influential articles in these areas, their citing articles in the Web of Science are analyzed in terms of research areas (Web of Science categories), citing journals, citing authors, and publication years. The results show that the discipline most influenced by PGT is economics, but also that PGT has impact on other disciplines such as psychology, management, business, law, operations research and many others. In terms of the journals citing PGT the most, and probably also contributing to PGT the most articles, the Journal of Economic Behavior and Organization is clearly the most important journal. Finally, analysis of citing articles by year shows a consistent and steady increase in the number of articles citing PGT over the years, suggesting that PGT has gained significant attention in recent years.

Suggested Citation

  • Azar, Ofer H., 2019. "The influence of psychological game theory," Journal of Economic Behavior & Organization, Elsevier, vol. 167(C), pages 445-453.
  • Handle: RePEc:eee:jeborg:v:167:y:2019:i:c:p:445-453
    DOI: 10.1016/j.jebo.2018.09.009
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    References listed on IDEAS

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    1. Charness, Gary & Dufwenberg, Martin, 2003. "Promises & Partnership," Research Papers in Economics 2003:3, Stockholm University, Department of Economics.
    2. Dufwenberg, Martin & Gächter, Simon & Hennig-Schmidt, Heike, 2011. "The framing of games and the psychology of play," Games and Economic Behavior, Elsevier, vol. 73(2), pages 459-478.
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    4. Falk, Armin & Fischbacher, Urs, 2006. "A theory of reciprocity," Games and Economic Behavior, Elsevier, vol. 54(2), pages 293-315, February.
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    15. van Damme, Eric & Binmore, Kenneth G. & Roth, Alvin E. & Samuelson, Larry & Winter, Eyal & Bolton, Gary E. & Ockenfels, Axel & Dufwenberg, Martin & Kirchsteiger, Georg & Gneezy, Uri & Kocher, Martin G, 2014. "How Werner Güth's ultimatum game shaped our understanding of social behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 108(C), pages 292-318.
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    17. Azar, Ofer H., 2007. "Behavioral economics and socio-economics journals: A citation-based ranking," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(3), pages 451-462, June.
    18. Matthias Aistleitner & Jakob Kapeller & Stefan Steinerberger, 2018. "The Power of Scientometrics and the Development of Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 52(3), pages 816-834, July.
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    22. Azar, Ofer H., 2008. "The impact of economics on management," Journal of Economic Behavior & Organization, Elsevier, vol. 68(3-4), pages 667-675, December.
    23. van Damme, Eric & Binmore, Kenneth G. & Roth, Alvin E. & Samuelson, Larry & Winter, Eyal & Bolton, Gary E. & Ockenfels, Axel & Dufwenberg, Martin & Kirchsteiger, Georg & Gneezy, Uri & Kocher, Martin G, 2014. "How Werner Güth's ultimatum game shaped our understanding of social behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 108(C), pages 292-318.
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    Cited by:

    1. Pierpaolo Battigalli & Martin Dufwenberg, 2020. "Belief-Dependent Motivations and Psychological Game Theory," CESifo Working Paper Series 8285, CESifo.
    2. Pierpaolo Battigalli & Martin Dufwenberg, 2019. "Psychological Game Theory," Working Papers 646, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.

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    More about this item

    Keywords

    Psychological game theory; Behavioral game theory; Academic impact; Citations; Reciprocity; Guilt aversion;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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