Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22871 
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dc.contributor.authorEichberger, Jürgenen
dc.contributor.authorKelsey, David H.en
dc.contributor.authorSchipper, Burkhard C.en
dc.date.accessioned2009-01-29T15:10:34Z-
dc.date.available2009-01-29T15:10:34Z-
dc.date.issued2003-
dc.identifier.urihttp://hdl.handle.net/10419/22871-
dc.description.abstractWe examine the impact of ambiguity on economic behaviour. We present a relatively non-technical account of ambiguity and show how it may be applied in economics. 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. We also examine the effects of ambiguity on peace processes. It is shown that ambiguity can act to select equilibria in coordination games with multiple equilibria. Some comparative statics results are derived for the impact of ambiguity in games with strategic complements.en
dc.language.isoengen
dc.publisher|aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonnen
dc.relation.ispartofseries|aBonn Econ Discussion Papers |x23/2003en
dc.subject.jelD81en
dc.subject.jelD43en
dc.subject.jelC72en
dc.subject.jelD62en
dc.subject.ddc330en
dc.subject.keywordAmbiguityen
dc.subject.keywordOptimismen
dc.subject.keywordOligopolyen
dc.subject.keywordPeace processesen
dc.subject.keywordChoquet expected utilityen
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwSoziale Beziehungenen
dc.subject.stwNichtkooperatives Spielen
dc.subject.stwErwartungsnutzenen
dc.subject.stwOligopolen
dc.subject.stwFriedenssicherungen
dc.subject.stwTheorieen
dc.titleAmbiguity and Social Interaction-
dc.typeWorking Paperen
dc.identifier.ppn384647294en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bonedp:232003-

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