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This paper studies the impact of ambiguity in the best shot and weakest link models of public good provision. The models are first analysed theoretically. Then we conduct experiments to study how ambiguity affects behaviour in these games. We test whether subjects' perception of ambiguity...
Persistent link: https://www.econbiz.de/10013023798
We conduct an experiment in which we elicit subjects’ beliefs over opponents’ behavior multiple times for a given game …
Persistent link: https://www.econbiz.de/10014078590
Paying it forward" is a behavior in which people help someone else because they were helped in the past. Although experimental evidence exists that indicates that real human beings often "pay-it-forward" even in the face of free-rider risks, the theoretical basis for the evolution of this...
Persistent link: https://www.econbiz.de/10014636252
long horizons. We present an experiment comparing decision making under certainty, risk, and ambiguity, over a shorter …
Persistent link: https://www.econbiz.de/10013033292
This paper reports experiments conducted to test whether ambiguity affects individual behaviour in games of strategic complements and strategic substitutes. We study subject behaviour in the presence of ambiguity in order to ascertain whether subjects' perception of ambiguity differs between a...
Persistent link: https://www.econbiz.de/10013076658
former is more flexible, but the latter is often preferred for its simplicity. We conduct an experiment where subjects place …
Persistent link: https://www.econbiz.de/10012112248
We run an experiment that gives subjects the opportunity to hedge away ambiguity in an Ellsberg-style experiment …
Persistent link: https://www.econbiz.de/10011616236
We report some experiments conducted to test whether ambiguity influences behavior in a coordination game. We study the behavior of subjects in the presence of ambiguity and attempt to determine whether they prefer to choose an ambiguity safe option. We find that this strategy, which is not...
Persistent link: https://www.econbiz.de/10014169291
Persistent link: https://www.econbiz.de/10001522340
Elicitation procedures (e.g., choice, valuation, matching, joint/separate evaluation) may generate reversed preferences between alternatives. Yet procedure-dependent preferences can be endogenous. When attribute importance is imperfectly known, people can engage in costly information...
Persistent link: https://www.econbiz.de/10013314068