Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/127265 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Discussion Paper Series No. 443
Verlag: 
University of Heidelberg, Department of Economics, Heidelberg
Zusammenfassung: 
We 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.
Schlagwörter: 
Ambiguity
Optimism
Pessimism
Strategic Games
Oligopoly
Strategic Delegation
Peace-making
Strategic Complements
Choquet Expected Utility
JEL: 
C72
D43
D62
D81
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
567.94 kB





Publikationen in EconStor sind urheberrechtlich geschützt.