Strategic ambiguity and decision-making: an experimental study

Theory and Decision 84 (3):387-404 (2018)
  Copy   BIBTEX

Abstract

We conducted a set of experiments to compare the effect of ambiguity in single-person decisions and games. Our results suggest that ambiguity has a bigger impact in games than in ball and urn problems. We find that ambiguity has the opposite effect in games of strategic substitutes and complements. This confirms a theoretical prediction made by Eichberger and Kelsey. In addition, we note that subjects’ ambiguity attitudes appear to be context dependent: ambiguity loving in single-person decisions and ambiguity averse in games. This is consistent with the findings of Kelsey and le Roux.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 90,616

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Responsible Strategic Decision Making.Pratima Bansal - 2005 - Proceedings of the International Association for Business and Society 16:57-62.
Strategy: Rationality, Intuition, and Accountability.Axel Seemann - 2007 - Philosophy of Management 6 (1):123-134.
Judged Knowledge and Ambiguity Aversion.Hans-jÜrgen Keppe - 1995 - Theory and Decision 39 (1):51-77.
Ethical Decision Making: Special or No Different? [REVIEW]Dawn R. Elm & Tara J. Radin - 2012 - Journal of Business Ethics 107 (3):313-329.

Analytics

Added to PP
2018-04-21

Downloads
39 (#356,773)

6 months
2 (#670,035)

Historical graph of downloads
How can I increase my downloads?