Journal Article


Strategic ambiguity and decision-making: An experimental study

Abstract

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.

Attached files

Authors

Kelsey, David
Le Roux, Sara

Oxford Brookes departments

Faculty of Business\Department of Accounting, Finance and Economics

Dates

Year of publication: 2017
Date of RADAR deposit: 2017-06-05


Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License


Related resources

This RADAR resource is the Accepted Manuscript of Strategic ambiguity and decision-making: An experimental study

Details

  • Owner: Unknown user
  • Collection: Outputs
  • Version: 1 (show all)
  • Status: Live