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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: Mannheim [u.a.] Sonderforschungsbereich/Transregio 15 2005
Series:SFB/TR 15 Discussion Paper 59
In: Discussion papers (59)

Subjects:
Graue Literatur
Online Access:Resolving-System, Volltext: http://hdl.handle.net/10419/94022
Resolving-System, Volltext: http://nbn-resolving.de/urn:nbn:de:bvb:19-epub-13491-0
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Author Notes:Jürgen Eichberger; David Kelsey; Burkhard C. Schipper
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