Game-theoretic Models of Moral and Other-Regarding Agents

Abstract

We investigate Kantian equilibria in finite normal form games, a class of non-Nashian, morally motivated courses of action that was recently proposed in the economics literature. We highlight a number of problems with such equilibria, including computational intractability, a high price of miscoordination, and expensive/problematic extension to general normal form games. We point out that such a proper generalization will likely involve the concept of program equilibrium. Finally we propose some general, intuitive, computationally tractable, other-regarding equilibria related to Kantian equilibria, as well as a class of courses of action that interpolates between purely self-regarding and Kantian behavior.