Economic Harmony: An Epistemic Theory of Economic Interactions
We propose an epistemic theory of micro-economic interactions, termed Economic Harmony. In the theory, we modify the standard utility, by changing its argument from the player’s actual payoff, to the ratio between the player’s actual payoff and his or her aspired payoff. We show that the aforementio...
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| Format: | Article |
| Language: | English |
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MDPI AG
2017-01-01
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| Series: | Games |
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| Online Access: | http://www.mdpi.com/2073-4336/8/1/2 |