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Ambiguity can be used as a strategic device in some situations. To demonstrate this, we propose and study a framework for normal form games where players can use Knightian uncertainty strategically. In such Ellsberg games, players may use Ellsberg urns in addition to the standard objective mixed...
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such equilibrium proposal power is endogenously limited compared to the case of no reconsideration. The general model is …
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Ambiguity can be used as a strategic device in some situations. To demonstrate this, we propose and study a framework for normal form games where players can use Knightian uncertainty strategically. In such Ellsberg games, players may use Ellsberg urns in addition to the standard objective mixed...
Persistent link: https://www.econbiz.de/10013076515
, there exists a subgame perfect equilibrium such that the given proposal is made and unanimously accepted in period zero. Our …
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