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We report on an experiment in which subjects choose actions in strategic games with either strategic complements or substitutes against a granny, a game theorist or ther subjects. The games are selected in order to test predictions on the comparative statics of equilibrium with respect to...
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This paper considers the impact of ambiguity in strategic situations. It extends the earlier literature by allowing for optimistic responses to ambiguity. Ambiguity is modelled by CEU preferences. We propose a new solution concept for players who may express ambiguity-preference. Then we study...
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We report on an experiment in which subjects choose actions in strategic games with either strategic complements or substitutes against a granny, a game theorist or other subjects. The games are selected in order to test predictions on the comparative statics of equilibrium with respect to...
Persistent link: https://www.econbiz.de/10003383669
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