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Neubauer, Michael - 2021

We show that under suitable assumption on the number of states and the distribution of the population numbers of the states, bias of various methods of apportionment can be quantified. We also discuss the frequency of quota violations and occurrences of the Alabama Paradox. The results provide...

Persistent link: https://www.econbiz.de/10013216713

Ambiguous act equilibria

Bade, Sophie - 2010

A game-theoretic framework that allows for explicitly randomized strategies is used to study the effect of ambiguity aversion on equilibrium outcomes. The notions of "independent strategies" as well as of "common priors" are amended to render them applicable to games in which players lack...

Persistent link: https://www.econbiz.de/10003947388

Taxing the residual profit of multinational enterprises : a critique of formulaic apportionment and a proposal

Richter, Wolfram F. - 2021

unilateral profit splitting and is suggested by the application of Shapley value theory to the fair and equitable division of …

Persistent link: https://www.econbiz.de/10012595108

Eliciting Ambiguous Beliefs Under Alpha-Maxmin Preference

Bose, Subir - 2017

We study the problem of elicitation of subjective beliefs of an agent when the beliefs are ambiguous (the set of beliefs is a non-singleton set) and the agent's preference exhibits ambiguity aversion; in particular, as represented by alpha-maxmin preferences. We construct a direct revelation...

Persistent link: https://www.econbiz.de/10012969749

Coalition-proof Ambiguous Mechanism

Guo, Huiyi - 2021

The paper studies when efficient allocations are implementable via coalition-proof mechanisms. When ambiguous mechanisms are allowed and agents are maxmin expected utility maximizers, we prove that all efficient allocations are implementable via interim coalition incentive compatible mechanisms...

Persistent link: https://www.econbiz.de/10013242607

Chapter 17. Ambiguity and Nonexpected Utility

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

This chapter reviews developments in the theory of decision making under risk and uncertainty, focusing on models that … “linearity in the probabilities” aspect of expected utility theory to game theory. The chapter consists of two main parts: The …-dependent utility models and cumulative prospect theory. The second part reviews theories of decision making under uncertainty that …

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

Trembles in Extensive Games with Ambiguity Averse Players

Aryal, Gaurab - 2014

We introduce and analyze three definitions of equilibrium for finite extensive games with imperfect information and ambiguity averse players. In a setting where players' preferences are represented by maxmin expected utility, as characterized in Gilboa and Schmeidler (1989), our definitions...

Persistent link: https://www.econbiz.de/10013064382

Repetition and cooperation : a model of finitely repeated games with objective ambiguity

Demeze-Jouatsa, Ghislain H. - 2018

In this paper, we present a model of finitely repeated games in which players can strategically make use of objective ambiguity. In each round of a finite rep- etition of a finite stage-game, in addition to the classic pure and mixed actions, players can employ objectively ambiguous actions by...

Persistent link: https://www.econbiz.de/10011891363

Granny Versus Game Theorist : Ambiguity in Experimental Games

Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard - 2006

We report on an experiment in which subjects choose actions in strategic games with either strategic complements or substitutes against a granny, a game theorist or other subjects. The games are selected in order to test predictions on the comparative statics of equilibrium with respect to...

Persistent link: https://www.econbiz.de/10014055594

Reacting to ambiguous messages: an experimental analysis

Kellner, Christian; Thordal-Le Quement, Mark; Riener, … - 2020

Ambiguous language is ubiquitous and often deliberate. Recent theoretical work (Beauchêne et al., 2019; Bose and Renou, 2014; Kellner and Le Quement, 2018) has shown how language ambiguation can improve outcomes by mitigating conflict of interest. Our experiment finds a significant effect of language...

Persistent link: https://www.econbiz.de/10012387552