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We report on an experiment in which subjects choose actions in strategic games with either strategic complements or …
Persistent link: https://www.econbiz.de/10003383669
We report on an experiment in which subjects choose actions in strategic games with either strategic complements or …
Persistent link: https://www.econbiz.de/10014055594
Persistent link: https://www.econbiz.de/10014562070
In this paper we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty there may be less...
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We propose a solution concept for a class of extensive form games with ambiguity. Specifically we consider multi-stage games. Players have CEU preferences. The associated ambiguous beliefs are revised by Generalized Bayesian Updating. We assume individuals take account of possible changes in...
Persistent link: https://www.econbiz.de/10011745370