Schipper, Burkhard C.; Eichberger, Juergen; Kelsey, David - Economics Department, University of California-Davis - 2006
comparative statics of equilibrium with respect to changes in strategic ambiguity. We find that subjects face higher ambiguity … while playing against the granny than playing against the game theorist if we assume that subjects are ambiguity averse …. Moreover, under the same assumption, subjects choose more secure actions in games more prone to ambiguity which is in line with …