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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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coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In … coordination between group members, both leading to lower payoffs. However, these results depend strongly on the group's gender …
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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