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A game-theoretic framework that allows for explicitly randomized strategies is used to study the e ect of ambiguity … predictions of two player games with ambiguity averse and with ambiguity neutral players are observationally equivalent. This … beliefs to the context of ambiguity aversion yields substantially di erent predictions even for the case with just two players. …
Persistent link: https://www.econbiz.de/10010270432
uncertainty about fraud detection can be an effective strategy to deter ambiguity-averse agents from reporting false insurance … committing to a fraud detection strategy eliminates the ambiguity. Thus strategic ambiguity can be an equilibrium outcome in the … auditing settings and complements the literature on games with ambiguity-averse players. …
Persistent link: https://www.econbiz.de/10010278819
uncertainty about fraud detection can be an effective strategy to deter ambiguity-averse agents from reporting false insurance … committing to a fraud-detection strategy eliminates the ambiguity. Thus, strategic ambiguity can be an equilibrium outcome in the …
Persistent link: https://www.econbiz.de/10010286019
ambiguity may induce such behaviour.[...] …
Persistent link: https://www.econbiz.de/10009262201
We provide an axiomatic approach to a belief formation process in an informational environment characterized by limited, heterogenous and differently precise information. For a list of previously observed cases an agent needs to express her belief by assigning probabilities to possible outcomes....
Persistent link: https://www.econbiz.de/10010356678
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We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being...
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