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Ambiguity and social interaction

dc.contributor.authorEichberger, Jürgenen_GB
dc.contributor.authorKelsey, Daviden_GB
dc.contributor.authorSchipper, Burkhard C.en_GB
dc.contributor.departmentUniversity of Heidelberg; University of Exeter; University of California, Davisen_GB
dc.date.accessioned2008-06-13T09:11:40Zen_GB
dc.date.accessioned2011-01-25T10:25:30Zen_GB
dc.date.accessioned2013-03-19T15:52:10Z
dc.date.issued2003-03en_GB
dc.description.abstractWe 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.en_GB
dc.identifier.doi10.1093/oep/gpn030en_GB
dc.identifier.urihttp://hdl.handle.net/10036/29993en_GB
dc.language.isoenen_GB
dc.publisherOxford University Pressen_GB
dc.relation.urlhttp://ssrn.com/abstract=464242en_GB
dc.relation.urlhttp://oep.oupjournals.org/en_GB
dc.subjectAmbiguityen_GB
dc.subjectOptimismen_GB
dc.subjectPessimismen_GB
dc.subjectOligopolyen_GB
dc.subjectStrategic delegationen_GB
dc.subjectPeace-makingen_GB
dc.subjectChoquet expected utilityen_GB
dc.titleAmbiguity and social interactionen_GB
dc.typeWorking Paperen_GB
dc.date.available2008-06-13T09:11:40Zen_GB
dc.date.available2011-01-25T10:25:30Zen_GB
dc.date.available2013-03-19T15:52:10Z
dc.identifier.issn15565068en_GB
dc.descriptionWorking paper published in SSRN Electronic journal. Final version published in Oxford Economic Papers © Oxford University Press 2008. Available online at http://oep.oupjournals.org/en_GB
dc.identifier.journalOxford Economic Papersen_GB


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