Resource title

Granny versus Game Theorst: Ambiguity in Experimental Games

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Resource description

We report on an experiment in which subjects choose actions in strategic games with either strategic complements or substitutes against a granny, a game theorist or other subjects. The games are selected in order to test predictions on the comparative statics of equilibrium with respect to changes in strategic ambiguity. We find that subjects face higher ambiguity while playing against the granny than playing against the game theorist if we assume that subjects are ambiguity averse. Moreover, under the same assumption, subjects choose more secure actions in games more prone to ambiguity which is in line with the predictions.

Resource author

J├╝rgen Eichberger, David H. Kelsey, Burkhard C. Schipper

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/22962

Resource license

Adapt according to the presented license agreement and reference the original author.