ICPS

2023 International Convention of Psychological Science · 2023

Economic Harmony: A Theory of Fairness and Cooperation between Egoists

Brussels, Belgium · March 2023

poster · Behavioral Economics

  • Ramzi Suleiman
    University of Haifa

Abstract

We propose a rational theory of behavior in strategic games, in which we replace the game-theoretic equilibrium concept, by a Harmony concept, defined as the intersection of strategies at which all players are equally satisfied. We present the theory and its experimental tests, and propose its application to real-life interactions.

Cooperation