Granny versus game theorist: an experimental test of ambiguity in games

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Granny versus game theorist: an experimental test of ambiguity in games

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dc.contributor.author Eichberger, Jürgen en_GB
dc.contributor.author Kelsey, David en_GB
dc.contributor.author Schipper, Burkhard C. en_GB
dc.contributor.department University of Heidelberg; University of Exeter; University of California, Davis en_GB
dc.date.accessioned 2008-06-10T15:53:23Z en_GB
dc.date.accessioned 2011-01-25T10:25:12Z en_US
dc.date.accessioned 2013-03-19T15:51:08Z
dc.date.issued 2008-03 en_GB
dc.description.abstract We report on an experiment in which subjects choose actions in strategic games with either strategic complements or substitutes against a granny, a game theorist or other subjects. The games are selected in order to test predictions on the comparative statics of equilibrium with respect to changes in strategic ambiguity. We find that subjects face higher ambiguity while playing against the granny than playing against the game theorist if we assume that subjects are ambiguity averse. Moreover, under the same assumption, subjects choose more secure actions in games more prone to ambiguity which is in line with the predictions. en_GB
dc.identifier.citation Theory and Decision, 64, 2-3, March 2008, 333-362 en_GB
dc.identifier.doi 10.1007/s11238-007-9053-3 en_GB
dc.identifier.uri http://hdl.handle.net/10036/29815 en_GB
dc.language.iso en en_GB
dc.publisher Springer en_GB
dc.relation.url http://www.springerlink.com en_GB
dc.subject Choquet expected utility en_GB
dc.subject equilibrium under ambiguity en_GB
dc.subject experiments en_GB
dc.subject Knightian uncertainty en_GB
dc.subject strategic uncertainty en_GB
dc.title Granny versus game theorist: an experimental test of ambiguity in games en_GB
dc.type Article en_GB
dc.date.available 2008-06-10T15:53:23Z en_GB
dc.date.available 2011-01-25T10:25:12Z en_US
dc.date.available 2013-03-19T15:51:08Z
dc.identifier.issn 00405833 en_GB
dc.identifier.issn 15737187 en_GB
dc.description The original publication is available at www.springerlink.com en_GB
dc.identifier.journal Theory and Decision en_GB


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