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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 effect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10010371082
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Ambiguity and social interaction
Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard - 2007
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 effect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10003592769
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Ambiguity and Social Interaction
Eichberger, Jurgen; Kelsey, David; Schipper, Burkhard C. - Business School, University of Exeter - 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 e?ect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10008852506
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Objective and subjective rationality and decisions with the best and worst case in mind
Grant, Simon; Rich, Patricia; Stecher, Jack D. - In: Theory and decision : an international journal for … 90 (2021) 3/4, pp. 309-320
Persistent link: https://www.econbiz.de/10012583617
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Ambiguity and Social Interaction
Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - 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 effect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10010333999
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Ambiguity and Social Interaction
Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - 2007
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 effect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10011422157
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Ambiguity and Social Interaction
Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - Volkswirtschaftliche Fakultät, … - 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 effect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10005785837
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Ambiguity and Social Interaction
Eichberger, Jürgen; Kelsey, David; Schipper, Burkhard C. - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 2007
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 effect of increasing (decreasing) equilibrium prices under...
Persistent link: https://www.econbiz.de/10005150940
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Are the treasures of game theory ambiguous?
Eichberger, Jürgen; Kelsey, David - In: Economic Theory 48 (2011) 2, pp. 313-339
Persistent link: https://www.econbiz.de/10009324555
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Information and ambiguity: herd and contrarian behaviour in financial markets
Ford, J.; Kelsey, D.; Pang, W. - In: Theory and Decision 75 (2013) 1, pp. 1-15
The paper studies the impact of informational ambiguity on behalf of informed traders on history-dependent price behaviour in a model of sequential trading in financial markets. Following Chateauneuf et al. (J Econ Theory 137:538–567, <CitationRef CitationID="CR6">2008</CitationRef>), we use neo-additive capacities to model ambiguity....</citationref>
Persistent link: https://www.econbiz.de/10010988761