Add to ORKGWe present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the effect of increasing (decreasing)equilibrium prices under Cournot (Bertrand) competition. In addition the effects of ambiguity on peace-making are examined. It is shown that ambiguity may select equilibria in coordination games with multiple equilibria. Some comparative statics results are derived for the impact of ambiguity in games with strategic complements
We combine the study of decision under uncertainty and the analysis of economies under uncertainty a...
We combine the study of decision under uncertainty and the analysis of economies under uncertainty a...
This paper considers the impact of ambiguity in strategic situations. It extends the existing litera...
We present a non-technical account of ambiguity in strategic games and show how it may be applied to...
A decision-maker is said to have an ambiguous belief if it is not precise enough to be represented b...
This paper considers the impact of ambiguity in strategic situations. It extends the earlier literat...
Ambiguity arises when a decision maker fails to assign a subjective probability to an event. This fa...
This paper considers the impact of ambiguity in strategic situations. It extends the earlier literat...
A game-theoretic framework that allows for explicitly randomized strategies is used to study the eff...
This paper studies the effects of ambiguity on long-run cooperation in infinitely repeated games wit...
A game-theoretic framework that allows for explicitly randomized strategies is used to study the e e...
In real-life strategic interactions, a player\u27s belief about the possible payoffs of a strategy p...
We combine the study of decision under uncertainty and the analysis of economies under uncertainty a...
We combine the study of decision under uncertainty and the analysis of economies under uncertainty a...
This paper considers the impact of ambiguity in strategic situations. It extends the existing litera...
We present a non-technical account of ambiguity in strategic games and show how it may be applied to...
A decision-maker is said to have an ambiguous belief if it is not precise enough to be represented b...
This paper considers the impact of ambiguity in strategic situations. It extends the earlier literat...
Ambiguity arises when a decision maker fails to assign a subjective probability to an event. This fa...
This paper considers the impact of ambiguity in strategic situations. It extends the earlier literat...
A game-theoretic framework that allows for explicitly randomized strategies is used to study the eff...
This paper studies the effects of ambiguity on long-run cooperation in infinitely repeated games wit...
A game-theoretic framework that allows for explicitly randomized strategies is used to study the e e...
In real-life strategic interactions, a player\u27s belief about the possible payoffs of a strategy p...
We combine the study of decision under uncertainty and the analysis of economies under uncertainty a...
We combine the study of decision under uncertainty and the analysis of economies under uncertainty a...
This paper considers the impact of ambiguity in strategic situations. It extends the existing litera...