Are the Treasures of Game Theory Ambiguous?


Eichberger, Jürgen ; Kelsey, David


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URL: https://ub-madoc.bib.uni-mannheim.de/2027
URN: urn:nbn:de:bsz:180-madoc-20278
Document Type: Working paper
Year of publication: 2008
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject: 330 Economics
Classification: JEL: D81 C72,
Subject headings (SWD): Ambiguität , Experimentelle Spieltheorie , Nash-Gleichgewicht
Keywords (English): Ambiguity , coordination games , experiments , traveller’s dilemma , matching pennies , optimism
Abstract: Goeree & Holt (2001) observe that, for some parameter values, Nash equilibrium provides good predictions for actual behaviour in experiments. For other payoff parameters, however, actual behaviour deviates consistently from that predicted by Nash equilibria. They attribute the robust deviations from Nash equilibrium to actual players’ considering not only marginal gains and losses but also total pay-offs. In this paper, we show that optimistic and pessimistic attitudes towards strategic ambiguity may induce such behaviour.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Eichberger, Jürgen ; Kelsey, David (2008) Are the Treasures of Game Theory Ambiguous? Open Access [Working paper]
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