arXiv subjects

Fang-Fang Tang

Publications and source records attributed to Fang-Fang Tang.

2 recordsLinked to original sources

arXiv2025

Two-Person Cooperative Games with delta-Rationality

A player's payoff is modeled as consisting of two parts: a rational-value part and a distortion-value part. It is argued that the (total) payoff function should be used to explain and predict the behaviors of the players, while the rational value function should be used to conduct welfare analysis of the final outcome. We use the Nash demand game to illustrate our model.

econ.TH↗

arXiv2025

AI Plays? δ-Rationality Games with Nash Equilibrium as Special Case

A distortion function, which captures the payoff gap between a player's actual payoff and her true payoff, is introduced and used to analyze games. In our proposed framework, we argue that players' actual payoff functions should be used to explain and predict their behaviors, while their true payoff functions should be used to conduct welfare analysis of the outcomes.

econ.TH↗