We provide a preference framework for situations in which "intentions matter." A behavioral type describes the individual's observable characteristics and the individual's personality. We define a canonical behavioral type space and provide a condition that identifies collections of behavioral types that are equivalent to components of the canonical type space. We also develop a reciprocity model within our framework and show how it enables us to distinguish between strategic (or instrumental) generosity and true generosity.
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Interdependent preferences