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Trembles in extensive games with ambiguity averse players
Aryal, Gaurab; Stauber, Ronald - In: Economic theory : official journal of the Society for … 57 (2014) 1, pp. 1-40
Persistent link: https://www.econbiz.de/10010416760
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A note on Kuhn's Theorem with ambiguity averse players
Aryal, Gaurab; Stauber, Ronald - In: Economics letters 125 (2014) 1, pp. 110-114
Persistent link: https://www.econbiz.de/10010504743
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Ambiguity and time-varying risk aversion in sovereign debt markets
Große Steffen, Christoph; Podstawski, Maximilian - 2016
This paper introduces changes in the level of ambiguity as a complementary source of time-varying risk aversion. We … ambiguity raises investors' risk aversion. The effect is quantified in an application to European sovereign debt markets using a … structural VAR to achieve identification in the data. We proxy for ambiguity using a measure of macroeconomic uncertainty and …
Persistent link: https://www.econbiz.de/10011518808
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Zero-sum games with ambiguity
Rosenberg, Dinah; Vieille, Nicolas - In: Games and economic behavior 117 (2019), pp. 238-249
Persistent link: https://www.econbiz.de/10012226627
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Dissolving an ambiguous partnership
Oechssler, Joerg; Roomets, Alex - 2023
Two partners try to dissolve a partnership that owns an asset of ambiguous value, where the value is determined ex post by a draw from an Ellsberg urn. In a within-subject experiment, subjects make decisions in three different bargaining mechanisms: unstructured bargaining, the Texas shoot-out,...
Persistent link: https://www.econbiz.de/10014380287
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Tournaments as a response to ambiguity aversion in incentive contracts
Kellner, Christian - In: Journal of economic theory 159 (2015), pp. 627-655
Persistent link: https://www.econbiz.de/10011549191
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Gambling in risk-taking contests : experimental evidence
Embrey, Matthew; Seel, Christian; Reiß, J. Philipp - In: Journal of economic behavior & organization 221 (2024), pp. 570-585
Persistent link: https://www.econbiz.de/10014553211
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Inequity Aversion in Tournaments
Demougin, Dominique; Fluet, Claude - 2003
We consider the cost of providing incentives using tournaments when workers are inequity averse and performance evaluation is costly. The principal never benefits from empathy to align incentives in a moral hazard framework between the workers, but he may benefit from their propensity for envy...
Persistent link: https://www.econbiz.de/10014084767
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Liquidity and asset prices in rational expectations equilibrium with ambiguous information
Ozsoylev, Han N.; Werner, Jan - In: Economic theory : official journal of the Society for … 48 (2011) 2/3, pp. 469-491
Persistent link: https://www.econbiz.de/10009314923
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International environmental agreements with uncertainty, learning and risk aversion
Finus, Michael; Pintassilgo, Pedro; Ulph, Alistair - 2014
This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success of IEA formation when countries are risk neutral and...
Persistent link: https://www.econbiz.de/10010234539