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Mass, Helene - 2018

rationality and eliminate all strategies which are not rationalizable. Second, I apply the maximin expected utility criterion …

Persistent link: https://www.econbiz.de/10011946016

Rationality, Strategic Uncertainty and Belief Diversity in Non-Cooperative Games

Zambrano, Eduardo - 2015

I investigate the existence of epistemic models for complete information games that satisfy the following properties: (R) players do not rule out their opponents use rational ex ante strategies for deriving their choices, (K) they do not rule out, ex ante, that they can come to know the action...

Persistent link: https://www.econbiz.de/10012707988

The design of ambiguous mechanisms

Di Tillio, Alfredo; Kos, Nenad; Messner, Matthias - 2014

This paper explores the sale of an object to an ambiguity averse buyer. We show that the seller can increase his profit by using an ambiguous mechanism. That is, the seller can benefit from hiding certain features of the mechanism that he has committed to from the agent. We then characterize the...

Persistent link: https://www.econbiz.de/10010399062

Coalition-proof Ambiguous Mechanism

Guo, Huiyi - 2021

designed to satisfy additional conditions of interim coalition rationality, interim ambiguity insurance, and ex-post budget …

Persistent link: https://www.econbiz.de/10013242607

Trembles in Extensive Games with Ambiguity Averse Players

Aryal, Gaurab - 2014

We introduce and analyze three definitions of equilibrium for finite extensive games with imperfect information and ambiguity averse players. In a setting where players' preferences are represented by maxmin expected utility, as characterized in Gilboa and Schmeidler (1989), our definitions...

Persistent link: https://www.econbiz.de/10013064382

Robust multiplicity with a grain of naiveté

Heifetz, Aviad; Kets, Willemien - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 415-465

Rationalizability is a central concept in game theory. Since there may be many rationalizable strategies, applications …

Persistent link: https://www.econbiz.de/10011855899

Does payoff equity facilitate coordination? : a test of Schelling's conjecture

López-Pérez, Raúl; Pintér, Ágnes; Kiss, Hubert J. - 2013

theories of bounded rationality and several other equilibrium selection principles. Further, a classification analysis suggests … group of players who either go for the risk dominant equilibrium or act in a boundedly rational manner. This heterogeneity …

Persistent link: https://www.econbiz.de/10010224794

Optimal risk taking in an uneven tournament game with risk averse players

Kräkel, Matthias - 2007

We analyze the optimal choice of risk in a two-stage tournament game between two players that have different concave … utility functions. At the first stage, both players simultaneously choose risk. At the second stage, both observe overall risk … and simultaneously decide on effort or investment. The results show that those two effects which mainly determine risk …

Persistent link: https://www.econbiz.de/10010343932

The evolutionary stability of optimism, pessimism and complete ignorance

Schipper, Burkhard - 2005

We provide an evolutionary foundation to evidence that in some situations humans maintain optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents' actions and maximize...

Persistent link: https://www.econbiz.de/10010366542

Friends or strangers? : strategic uncertainty and coordination across experimental games of strategic complements and substitutes

Chierchia, Gabriele; Tufano, Fabio; Coricelli, Giorgio - 2018

It is commonly assumed that friendship should generally benefit agents' ability to tacitly coordinate with others. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and substitutes. We present an experimental study in which...

Persistent link: https://www.econbiz.de/10011817934