We conducted a set of experiments to compare the e¤ect 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 …nd that ambiguity has the opposite e¤ect in games of strategic substitutes and complements. This con…rms a theoretical prediction made by Eichberger and Kelsey (2002). The experiments also test whether subjects’perception of ambiguity di¤ers when faced by a local opponent as opposed to a foreign one. Our results show that there is little evidence of more in‡uence of ambiguity on behaviour when faced by foreign subjects.
Kelsey, DavidLe Roux, Sara
Faculty of Business\Department of Accounting, Finance and Economics
Year of publication: 2017Date of RADAR deposit: 2017-06-05
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