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Abstract This paper concerns the interpretation of equilibrium in non-additive beliefs in two-player normal form games. We argue that such equilibria involve beliefs and actions which are consistent with a lack of common knowledge of the game. Our argument rests on representation results which...
Persistent link: https://www.econbiz.de/10014588981
Abstract By analogy with the classical case of a probability measure, we extend the notion of increasing convex (concave) stochastic dominance relation to the case of a normalized monotone (but not necessarily additive) set function also called a capacity. We give different characterizations...
Persistent link: https://www.econbiz.de/10014621219
Abstract In our previous work, we have extended the classical notion of increasing convex stochastic dominance relation with respect to a probability to the more general case of a normalized monotone (but not necessarily additive) set function, also called a capacity. In the present paper, we...
Persistent link: https://www.econbiz.de/10014621227
more detailed understanding of the role of ambiguity in professional work, and its relationship to the division of labour … more nuanced view on the role and origins of ambiguity is needed; particularly the role ambiguity plays in the division of … labour. While inherent in professional work, ambiguity is also an effect of the way work processes are organised in order to …
Persistent link: https://www.econbiz.de/10014685905
/numbers in MA and other cognitive frames, three forms of ambiguity may occur. Definitional ambiguities occur as actors' extant MA … different forms of ambiguity constitute important sources of critical and collective reflection of, and subsequent change in …
Persistent link: https://www.econbiz.de/10014641418
. Design/methodology/approach – Based on reviewing the literature on the ambiguity effect, the certainty effect and small …. However, the difference is shortened for low value purchases. Furthermore, as the promotion budget increases, the ambiguity … probabilities,” and also significantly enriches the existing theories on decision making under ambiguity.  …
Persistent link: https://www.econbiz.de/10014722923
-adoption process, the authors examine how two factors – product newness (incremental vs radical) and rumor ambiguity (ambiguous vs …
Persistent link: https://www.econbiz.de/10014721434
industry sector, such ambiguity may follow from different sets of rules to adapt to, changes to these rules, and how various … are highly affected by the ambiguous environment. Ambiguity leads to transactional exchanges on the domestic level, while …
Persistent link: https://www.econbiz.de/10014906869
of architectural programs focusing on the conception of future, choices stressing values, dualities coping with ambiguity …
Persistent link: https://www.econbiz.de/10014964831
Purpose The purpose of this paper is to examine how companies can achieve business excellence in a highly volatile, uncertain, complex and ambiguous (VUCA) environment. Within the literature about business excellence, there is a lack of understanding of the impact of today’s high VUCA on...
Persistent link: https://www.econbiz.de/10015032810