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Granny versus game theorist: ambiguity in experimental games

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We report on an experiment in which subjects choose actions in strategic games with either strategic complements or substitutes against a granny, a game theorist or ther subjects. The games are selected in order to test predictions on the comparative statics of equilibrium with respect to changes in...

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Bibliographische Detailangaben
Weitere Verfasser: Schipper, Burkhard (BerichterstatterIn) , Eichberger, Jürgen (BerichterstatterIn) , Kelsey, David (BerichterstatterIn)
Dokumenttyp: Book/Monograph Arbeitspapier
Sprache:Englisch
Veröffentlicht: Davis, Calif. Dep. of Economics, Univ. of California 26 Sept. 2006
Schriftenreihe:Working papers / University of California, Department of Economics 06,27
In: Working papers (06,27)

Schlagworte:
Arbeitspapier
Graue Literatur
Online-Zugang:Verlag, Volltext: http://www.econ.ucdavis.edu/working_papers/06-27.pdf
Download aus dem Internet, Stand: 15.07.2008, Volltext: http://hdl.handle.net/10419/31332
Volltext
Verfasserangaben:Burkhard Schipper; Juergen Eichberger; David Kelsey

MARC

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520 |a We report on an experiment in which subjects choose actions in strategic games with either strategic complements or substitutes against a granny, a game theorist or ther subjects. The games are selected in order to test predictions on the 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 the predictions. 
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