Showing 1 - 10 of 10
strategic ambiguity may induce such behaviour. …
Persistent link: https://www.econbiz.de/10011422175
This paper shows that, for CEU preferences, the axioms consquentialism, state independenceand conditional certainty equivalent consistency under updating characterise a family of capacities,called Genralised Neo-Additive Capacities (GNAC). This family contains as special casesamong others...
Persistent link: https://www.econbiz.de/10005868377
strategic ambiguity may induce such behaviour. …
Persistent link: https://www.econbiz.de/10003747353
strategic ambiguity may induce such behaviour. …
Persistent link: https://www.econbiz.de/10005453737
The concept of a non-extreme-outcome-additive capacity (neo-additive capacity ) is introduced. Neo-additive capacities model optimistic and pessimistic attitudes towards uncertainty as observed in many experimental studies. Moreover, neo-additive capacities can be applied easily in economic...
Persistent link: https://www.econbiz.de/10011422102
We propose a solution concept for a class of extensive form games with ambiguity. Specifically we consider multi … is ambiguity in the centipede game it is possible to sustain 'cooperation' for many periods as part of a consistent …-planning equilibrium under ambiguity. In a non-cooperative bargaining game we show that ambiguity may be a cause of delay in bargaining. …
Persistent link: https://www.econbiz.de/10011853172
In this paper, we propose an interpretation of the Hilbert space method used in quantum theory in the context of decision making under uncertainty. For a clear comparison we will stay as close as possible to the framework of SEU suggested by Savage (1954). We will use the Ellsberg (1961) paradox...
Persistent link: https://www.econbiz.de/10011745366
We propose a solution concept for a class of extensive form games with ambiguity. Specifically we consider multi … is ambiguity in the centipede game it is possible to sustain 'cooperation' for many periods as part of a consistent …-planning equilibrium under ambiguity. In a non-cooperative bargaining game we show that ambiguity may be a cause of delay in bargaining. …
Persistent link: https://www.econbiz.de/10011745370
The concept of a non-extreme-outcome-additive capacity (neo-additive capacity ) is introduced. Neo-additive capacities model optimistic and pessimistic attitudes towards uncertainty as observed in many experimental studies. Moreover, neo-additive capacities can be applied easily in economic...
Persistent link: https://www.econbiz.de/10011620580
Persistent link: https://www.econbiz.de/10010357257