We propose a solution concept for a class of extensive form games with ambiguity. Specifically we consider multi … is ambiguity in the centipede game it is possible to sustain `cooperation' for many periods as part of a consistent …-planning equilibrium under ambiguity. In a non-cooperative bargaining game we show that ambiguity may be a cause of delay in bargaining …

This chapter is a very compressed review of the neoclassical orthodoxy on the nature of rationality on economic theory … function of a definition of rationality. …

Models and Experiments in Risk and Rationality presents original contributions to the areas of individual choice …

We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … evidence raises doubts about the choice of language that equates consistency with rationality in economics. …