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The evolutionary stability of optimism, pessimism and complete ignorance

Schipper, Burkhard - 2005

We provide an evolutionary foundation to evidence that in some situations humans maintain optimistic or 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...

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

The evolutionary stability of optimism, pessimism, and complete ignorance

Schipper, Burkhard - 2019

We provide an evolutionary foundation to evidence that in some situations humans maintain either optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents' actions and...

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

Chapter 17. Ambiguity and Nonexpected Utility

Karni, Edi; Maccheroni, Fabio; Marinacci, Massimo - In: Handbook of game theory with economic applications : …, (pp. 901-947). 2015

depart from the sure thing principle and model the phenomenon of ambiguity and ambiguity aversion. …

Persistent link: https://www.econbiz.de/10014025442

Ambiguity and social interaction

Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard - 2005

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 …

Persistent link: https://www.econbiz.de/10010371082

Cautious belief formation

Bleile, Jörg - 2014

We provide an axiomatic approach to a belief formation process in an informational environment characterized by limited, heterogenous and differently precise information. For a list of previously observed cases an agent needs to express her belief by assigning probabilities to possible outcomes....

Persistent link: https://www.econbiz.de/10010356678

Dynamic consistency in incomplete information games with multiple priors

Pahlke, Marieke - 2018

to dynamically consistent behavior. Furthermore, we give an example which shows that ambiguity can introduce new …

Persistent link: https://www.econbiz.de/10011892219

Preference Aggregation Theory Without Acyclicity : The Core Without Majority Dissatisfaction

Kumabe, Masahiro; Mihara, H. Reiju - 2011

Acyclicity of individual preferences is a minimal assumption in social choice theory. We replace that assumption by the direct assumption that preferences have maximal elements on a fixed agenda. We show that the core of a simple game is nonempty for all profiles of such preferences if and only...

Persistent link: https://www.econbiz.de/10014180111

The evolutionary stability of optimism, pessimism, and complete ignorance

Schipper, Burkhard - In: Theory and decision : an international journal for … 90 (2021) 3/4, pp. 417-454

Persistent link: https://www.econbiz.de/10012583623

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

Optimal Market Making Under Partial Information and Numerical Methods for Impulse Control Games with Applications

Zabaljauregui, Diego - 2020

Persistent link: https://www.econbiz.de/10012842492