Showing 1 - 10 of 11,156
and services. Generating this new technology requires R&D investment. This paper discusses the strategic investment … systematically outlaying several plausible strategic investment outcomes. The game-theoretic real options approach is used to analyze … is used to analyze the valuation of the firms' strategic investment payoffs …
Persistent link: https://www.econbiz.de/10013061529
investigate how reputational motives (i.e., the public announcement of the winners or losers) influence risk-taking in investment …
Persistent link: https://www.econbiz.de/10012001790
investigate how reputational motives (i.e., the public announcement of the winners or losers) influence risk-taking in investment …
Persistent link: https://www.econbiz.de/10012008982
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
-taking appear to reinforce the non-monotonicity in subtly different ways. The experiment uncovers an interesting behavioural nuance …
Persistent link: https://www.econbiz.de/10012826390
, but quantities are distributed asymmetrically. An experiment largely confirms the existence of such sophisticated play …
Persistent link: https://www.econbiz.de/10014077530
We conducted a set of experiments to compare the effect of ambiguity in single person decisions and games. Our results suggest that ambiguity has a bigger impact in games than in ball and urn problems. We find that ambiguity has the opposite effect in games of strategic substitutes and...
Persistent link: https://www.econbiz.de/10012968585
We report the results from a set of experiments conducted to test the effect of ambiguity on individual behaviour in games of strategic complements and strategic substitutes. We test whether subjects' perception of ambiguity differs when faced by a local opponent as opposed to a foreign one....
Persistent link: https://www.econbiz.de/10013031903
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
evaluated empirically using laboratory data borrowed from a previously published experiment. The paper features two main …
Persistent link: https://www.econbiz.de/10003926375