The thesis studies the potential of incentive contracts for politicians using game-theoretic methods. Supplementing the … election mechanism with these contracts is a new idea to make politicians more accountable. Two types of incentive contracts … enhance the accountability of politicians and to increase social welfare. …

the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information … ambiguity by describing outcomes and probabilities using either point estimates or ranges of values. Results replicated those of … Study 1, with no effects of ambiguity on information distortion. …

the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information …, we manipulated ambiguity by describing outcomes and probabilities using either point estimates or ranges of values …. Results replicated those of Study 1, with no effects of ambiguity on information distortion. …

unique experiment design to measure ambiguity aversion, which can be modified to also control for risk aversion. A measure of … of success, expected payoffs, the level of ambiguity regarding success, and preferences to compete. I explore the effects … ambiguity aversion has value as individuals in labor markets have ambiguous signals about their probabilities of success in …

with a probability distribution. Consequently, they do not allow for Knightian uncertainty, or ambiguity, with respect to … accident risk and cannot accommodate optimism (ambiguity loving) or pessimism (ambiguity aversion). This paper presents a … unilateral accident model under ambiguity. To incorporate ambiguity, I adopt the Choquet expected utility framework and represent …

presence of ambiguity.Next, we focus on dynamic decision problems. In a dynamic version of the classical 3-color experiment of … subjective expected utility theory in the dynamic experiment. Several subjects who are classified as ambiguity-neutral in the …This thesis deals with decision making under ambiguity. Ambiguity refers to situations in which probabilities for …

Bayesian updating. The essays consider, respectively, ambiguity, and information cascades, in environments in which limitations … explicitly considered.Decision making under ambiguity has been of interest to economists since the 1920's (Knight (1921), Keynes … ambiguity attitudes using a within subject design across individual choice and market environments. The evidence favors …