(Choquet expected utility and maxmin expected utility) in competitive market settings. We start with the portfolio inertia …

under ambiguity. Furthermore, we investigate the influence of ambiguity and ambiguity attitude on equilibrium product … ambiguity is particularly significant when it comes to delivering accurate explanations for a wide range of phenomena related to …

We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and … social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the … ambiguity on peace-making are examined. It is shown that ambiguity may select equilibria in coordination games with multiple …

investigate how informational ambiguity in conjunction with waves of optimism and pessimism affect investor behavior, social … learning and price dynamics. Without ambiguity, neither herding nor contrarianism is possible. If there is ambiguity and agents … have invariant ambiguity preferences, only contrarianism is possible. If on the other hand ambiguity is high and traders …

We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and … social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the … ambiguity on peace-making are examined. It is shown that ambiguity may select equilibria in coordination games with multiple …

We study the impact of ambiguity on two alternative institutions of financial intermediation in an economy where … consumers face uncertain liquidity needs. The ambiguity the consumers experience is modeled by the degree of confidence in their … with high liquidity needs. With increasing ambiguity this preference will be reversed: the asset market is preferred, since …