Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/94022 
Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
SFB/TR 15 Discussion Paper No. 59
Verlag: 
Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY), München
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
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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