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.

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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

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

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