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This paper studies the impact of ambiguity in the best shot and weakest link models of public good provision. The … models are ?rst analysed theoretically. Then we conduct experiments to study how ambiguity affects behaviour in these games …. We test whether subjects? perception of ambiguity differs between a local opponent and a foreign one. We fi?nd that an …
Persistent link: https://www.econbiz.de/10011269601
Persistent link: https://www.econbiz.de/10011485487
We report some experiments conducted to test whether ambiguity influences behavior in a coordination game. We study the … behavior of subjects in the presence of ambiguity and attempt to determine whether they prefer to choose an ambiguity safe … indeed chosen quite frequently. This provides evidence that ambiguity aversion influences behavior in games. While the …
Persistent link: https://www.econbiz.de/10014169291
This paper provides a systematic analysis of individual attitudes towards ambiguity, based on laboratory experiments …. The design of the analysis allows to capture individual behavior across various levels of ambiguity, ranging from low to … high. Attitudes towards risk and attitudes towards ambiguity are disentangled, providing pure measures of ambiguity …
Persistent link: https://www.econbiz.de/10010489289
confirm the need for new approaches in the analysis of ambiguity for decision making. …
Persistent link: https://www.econbiz.de/10004997496
Persistent link: https://www.econbiz.de/10005001444
In this study, we experimentally analyze the investment behavior of smallholder farmers in Uganda. We consider a problem of optimal stopping, stylizing an option to invest in a project. We ascertain whether, and to what extent, the real options approach and the classical investment theory can...
Persistent link: https://www.econbiz.de/10010235112
Kazakhstan and Germany have different development levels of the agricultural sectors. One of the explanations for this fact might be the different investment behavior of farmers in the two countries. We experimentally analyze whether the investment behavior of farmers is consistent with the...
Persistent link: https://www.econbiz.de/10010235148
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 …
Persistent link: https://www.econbiz.de/10010276585
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 …
Persistent link: https://www.econbiz.de/10008620366