Alger, Ingela; Weibull, Jörgen W. - In: Games 8 (2017) 3, pp. 1-21
Does altruism and morality lead to socially better outcomes in strategic interactions than selfishness? We shed some … material payoff if others were to act like himself or herself. It turns out that both altruism and morality may improve or … worsen equilibrium outcomes, depending on the nature of the game. Not surprisingly, both altruism and morality improve the …
