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Ambiguity and social interaction

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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 Courn...

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Main Authors: Eichberger, Jürgen (Author) , Kelsey, David (Author) , Schipper, Burkhard (Author)
Format: Book/Monograph Working Paper
Language:English
Published: Heidelberg University of Heidelberg, Department of Economics May 2007
Series:Discussion paper series / Universität Heidelberg, Department of Economics no. 443
In: Discussion paper series (no. 443)

Subjects:
Arbeitspapier
Graue Literatur
Online Access:Resolving-System, Volltext: http://hdl.handle.net/10419/127265
Verlag, Volltext: http://www.awi.uni-heidelberg.de/with2/Discussion%20papers/papers/dp443.pdf
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Author Notes:Jürgen Eichberger, David Kelsey and Burkhard C. Schipper
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