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Tsakas, Elias - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 3, pp. 955-987

Is it possible to guarantee that the mere exposure of a subject to a belief elicitation task will not affect the very same beliefs that we are trying to elicit? In this paper, we introduce mechanisms that make it simultaneously strictly dominant for the subject (a) not to acquire any information...

Persistent link: https://www.econbiz.de/10012308719

Strategies under strategic uncertainty

Mass, Helene - 2018

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/10011946016

Social anchor effects in decision-making under ambiguity

Lahno, Amrei M. - 2014

facing the same task a second time, and whether prospects are defined over gains or losses. My key findings are that the …

Persistent link: https://www.econbiz.de/10010364762

The evolutionary stability of optimism, pessimism and complete ignorance

Schipper, Burkhard - 2005

attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian … uncertainty about opponents' actions and maximize individually their Choquet expected utility. Our Choquet expected utility model … allows for both an optimistic or pessimistic attitude towards uncertainty as well as ignorance to strategic dependencies. An …

Persistent link: https://www.econbiz.de/10010366542

The evolutionary stability of optimism, pessimism, and complete ignorance

Schipper, Burkhard - 2019

pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face … Knightian uncertainty about opponents' actions and maximize individually their Choquet expected utility with respect to neo …-additive capacities (Chateauneuf, Eichberger, and Grant, 2007) allowing for both an optimistic or pessimistic attitude towards uncertainty …

Persistent link: https://www.econbiz.de/10012101422

Strategic cautiousness as an expression of robustness to ambiguity

Ziegler, Gabriel; Zuazo-Garin, Peio - In: Games and economic behavior 119 (2020), pp. 197-215

Persistent link: https://www.econbiz.de/10012239281

Whose Money is it? : An Economic Game on the Concept of Moral Hazard

Kennedy, Michael H.; Unruh, Lynn; Kerr, Bernard J. - 2005

The concept of moral hazard originates in the insurance industry, where it generally indicates that the presence of an insurance contract increases the likelihood of a claim and the size of a claim. The concept is an important one for all economics students to learn, especially students of...

Persistent link: https://www.econbiz.de/10014061392

Behavior in the Centipede Game : A Decision-Theoretical Perspective

Blavatskyy, Pavlo R. - 2014

uncertainty in a probabilistic manner as captured by embedding a core deterministic decision theory in a model of probabilistic …

Persistent link: https://www.econbiz.de/10014142460

Cognitive Hierarchies and the Centipede Game

Bottero, Margherita - 2010

In this work, I extend the normal form cognitive hierarchy model (Camerer et al. (2004)) to a class of finite two-person extensive form games. I study two versions of such a model: the first is as faithful as possible to the normal form assumptions, while the second modifies them slightly. In...

Persistent link: https://www.econbiz.de/10013148058

Can Regret be Rational?

Liu, Sh. L. - 2023

Under uncertainty, regret is a function depending on both the realized outcome and forgone outcome on a state. This …

Persistent link: https://www.econbiz.de/10014350753