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Investment under Uncertainty and Correlated Privately Known Costs

Dehghani, Mohammad Hossein - 2019

are technology adoption or market entry. Firms either invest immediately or wait until market uncertainty is resolved. Two …

Persistent link: https://www.econbiz.de/10012905574

Strategies under Strategic Uncertainty

Mass, Helene - 2019

I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the … uncertainty. A bidder following this decision criterion in a first-price auction expects all other bidders to bid their highest …

Persistent link: https://www.econbiz.de/10012895797

Rational Delay of Effort in Projects with Uncertain Requirements

Külpmann, Philipp - 2018

players put into the project depending on the type of uncertainty faced. Furthermore, the delay of effort explains the …

Persistent link: https://www.econbiz.de/10012937113

Learning in Contests with Payoff Risk and Foregone Payoff Information

Masiliūnas, Aidas - 2019

We test whether deviations from Nash equilibrium in rent-seeking contests can be explained by the slow convergence of payoff-based learning. We identify and eliminate two sources of noise that slow down learning. The first source of noise is present because each action is evaluated against a...

Persistent link: https://www.econbiz.de/10012869714

Biased Learning under Ambiguous Information

Chen, Jaden Yang - 2021

This paper proposes a model of how biased individuals update beliefs in the presence of informational ambiguity. Individuals are ambiguous about the actual signal-generating process and interpret signals according to the model that can best support their biases. This paper provides a complete...

Persistent link: https://www.econbiz.de/10013234442

Deliberate Randomization under Risk

Loseto, Marco; Lucia, Aldo - 2021

Random choice as the outcome of deliberate randomization has been extensively documented in the recent experimental economics literature.Motivated by this evidence, we consider a decision-maker (DM) who faces a set of risky actions and can delegate his choice to a randomization device. We assume...

Persistent link: https://www.econbiz.de/10013237123

Ordinal Dominance and Risk Aversion

Gafarov, Bulat - 2015

We find that, for sufficiently risk-averse agents, strict dominance by pure or mixed actions coincides with dominance by pure actions in the sense of Börgers (1993), which, in turn, coincides with the classical notion of strict dominance by pure actions when preferences are asymmetric. Since...

Persistent link: https://www.econbiz.de/10013033724

Economic rewards versus economic sanctions in international relations

Brekhov, Boryslav - 2019

I use game-theoretical models to compare a sender's expected payoff under two methods of wielding influence under incomplete information: offering rewards or threatening punishments. Attempts to influence another's behaviour can have the perverse effect of actually encouraging the behaviour that...

Persistent link: https://www.econbiz.de/10012307876

Strategies under strategic uncertainty

Mass, Helene - 2018

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

Uncertain contest success function

Grossmann, Martin - In: European Journal of Political Economy 33 (2014) C, pp. 134-148

Contest B. This situation is called contest uncertainty. In both contests, effort is additively distorted by a contest noise … added to (subtracted from) effort. We analyze the interaction of contest uncertainty and contest noise on contestant … contest uncertainty can imply greater effort. Furthermore, an introduction of an infinitesimal degree of contest uncertainty …

Persistent link: https://www.econbiz.de/10010931432