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David Kelsey

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Surajeet Chakravarty & David Kelsey & Joshua C. Teitelbaum, 2022. "Reverse Bayesianism and Act Independence," Discussion Papers 2022-06, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.

    Cited by:

    1. Burkhard C. Schipper, 2024. "Predicting the Unpredictable under Subjective Expected Utility," Working Papers 362, University of California, Davis, Department of Economics.

  2. Han Bleichrodt & Jurgen Eichberger & Simon Grant & David Kelsey & Chen Li, 2020. "Testing Dynamic Consistency and Consequentialism under Ambiguity," Discussion Papers 2020-17, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.

    Cited by:

    1. Kathleen Ngangoué, M., 2021. "Learning under ambiguity: An experiment in gradual information processing," Journal of Economic Theory, Elsevier, vol. 195(C).
    2. Shishkin, Denis & Ortoleva, Pietro, 2023. "Ambiguous information and dilation: An experiment," Journal of Economic Theory, Elsevier, vol. 208(C).

  3. Han Bleichrodt & Jurgen Eichberger & Simon Grant & David Kelsey & Chen Li, 2018. "A Test of Dynamic Consistency and Consequentialism in the Presence of Ambiguity," Discussion Papers 1803, University of Exeter, Department of Economics.

    Cited by:

    1. Denis Shishkin & Pietro Ortoleva, 2021. "Ambiguous Information and Dilation: An Experiment," Working Papers 2020-53, Princeton University. Economics Department..
    2. Kellner, Christian & Thordal-Le Quement, Mark & Riener, Gerhard, 2020. "Reacting to ambiguous messages: An experimental analysis," DICE Discussion Papers 357, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    3. Georgalos, Konstantinos, 2021. "Dynamic decision making under ambiguity: An experimental investigation," Games and Economic Behavior, Elsevier, vol. 127(C), pages 28-46.

  4. Eichberger, Jürgen & Grant, Simon & Kelsey, David, 2017. "Ambiguity and the Centipede Game: Strategic Uncertainty in Multi-Stage Games," Working Papers 0638, University of Heidelberg, Department of Economics.

    Cited by:

    1. Spyros Galanis & Christos A. Ioannou & Stelios Kotronis, 2023. "Information Aggregation Under Ambiguity: Theory and Experimental Evidence," Working Papers 2023_04, Durham University Business School.
    2. Pierpaolo Battigalli & Emiliano Catonini & Giacomo Lanzani & Massimo Marinacci, 2017. "Ambiguity Attitudes and Self-Confirming Equilibrium in Sequential Games," Working Papers 607, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    3. Paolo Crosetto & Marco Mantovani, 2018. "Representation effects in the centipede game," Post-Print hal-01885390, HAL.

  5. Jo Laban Peryman & David Kelsey, 2015. "Cultural Norms and Identity in Coordination Games," Discussion Papers 1505, University of Exeter, Department of Economics.

    Cited by:

    1. Christopher Roby, 2021. "Can loss framing improve coordination in the minimum effort game?," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 16(3), pages 557-588, July.
    2. David Kelsey & Sara le Roux, 2018. "Strategic ambiguity and decision-making: an experimental study," Theory and Decision, Springer, vol. 84(3), pages 387-404, May.

  6. Sara le Roux & David Kelsey, 2015. "Dragon Slaying with Ambiguity: Theory and Experiments," Discussion Papers 1506, University of Exeter, Department of Economics.

    Cited by:

    1. Simplice Asongu & Oasis Kodila-Tedika, 2015. "Is Poverty in the African DNA (Gene)?," Working Papers of the African Governance and Development Institute. 15/011, African Governance and Development Institute..
    2. Boateng, Agyenim & Asongu, Simplice & Akamavi, Raphael & Tchamyou, Vanessa, 2016. "Information Asymmetry and Market Power in the African Banking Industry," MPRA Paper 75414, University Library of Munich, Germany.
    3. Asongu, Simplice A. & Ngoungou, Yolande E. & Nnanna, Joseph, 2023. "Mobile money innovations and health performance in sub-Saharan Africa," Technology in Society, Elsevier, vol. 74(C).
    4. Simplice A. Asongu & Nicholas M. Odhiambo, 2022. "The paradox of governance and natural resource rents in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 22/020, African Governance and Development Institute..
    5. Simplice A. Asongu, 2019. "FDI in Selected Developing Countries: Evidence from Bundling and Unbundling Governance," Research Africa Network Working Papers 19/057, Research Africa Network (RAN).
    6. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Insurance Policy Thresholds for Economic Growth in Africa," CEREDEC Working Papers 19/037, Centre de Recherche pour le Développement Economique (CEREDEC).
    7. Uchenna Efobi & Simplice A. Asongu, 2015. "How Terrorism Explains Capital Flight from Africa," Research Africa Network Working Papers 15/034, Research Africa Network (RAN).
    8. Samba Diop & Simplice A. Asongu & Vanessa S. Tchamyou, 2021. "The Macroeconomic Impact of Recent Political Conflicts in Africa: Generalized Synthetic Counterfactual Evidence," Working Papers 21/060, European Xtramile Centre of African Studies (EXCAS).
    9. Simplice A. Asongu & Sara Le Roux & Pritam Singh, 2020. "Fighting terrorism in Africa: complementarity between inclusive development, military expenditure and political stability," Working Papers 20/004, European Xtramile Centre of African Studies (EXCAS).
    10. Simplice A. Asongu & Joseph Nnanna & Paul N. Acha-Anyi, 2020. "The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI," Research Africa Network Working Papers 20/056, Research Africa Network (RAN).
    11. Simplice Asongu & Jacinta C. Nwachukwu, 2017. "Fuel Exports, Aid and Terrorism," Working Papers of the African Governance and Development Institute. 17/016, African Governance and Development Institute..
    12. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Financial Access, Governance and Insurance Sector Development in Sub-Saharan Africa," Research Africa Network Working Papers 19/044, Research Africa Network (RAN).
    13. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Governance, capital flight and industrialisation in Africa," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-22, December.
    14. Simplice A. Asongu & Ivo J. Leke, 2018. "Can foreign aid dampen the threat of terrorism to international trade? Evidence from 78 developing countries," Research Africa Network Working Papers 18/032, Research Africa Network (RAN).
    15. Simplice A. Asongu & Christelle Meniago & Raufhon Salahodjaev, 2021. "The role of value added across economic sectors in modulating the effects of FDI on TFP and economic growth dynamics," Research Africa Network Working Papers 21/088, Research Africa Network (RAN).
    16. Simplice A. Asongu & Jacinta Nwachukwu & Nicholas Biekpe, 2018. "Foreign Aid, Terrorism and Growth: Conditional Evidence from Quantile Regression," Research Africa Network Working Papers 18/045, Research Africa Network (RAN).
    17. Simplice A. Asongu & Mushfiqur Rahman & Mohammad Alghababsheh, 2022. "Information Technology, Business Sustainability and Female Economic Participation in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 22/057, African Governance and Development Institute..
    18. Simplice Asongu & Joseph Amankwah-Amoah, 2017. "Mitigating capital flight through military expenditure: insight from 37 African countries," Working Papers of the African Governance and Development Institute. 17/029, African Governance and Development Institute..
    19. Simplice A. Asongu & Nicholas M. Odhiambo, 2023. "Health performance and economic growth in sub-Saharan Africa: new evidence based on quantile regressions," Working Papers of the African Governance and Development Institute. 23/029, African Governance and Development Institute..
    20. Richard Adu-Gyamfi & John Kuada & Simplice Asongu, 2018. "An Integrative Framework for Entrepreneurship Research in Africa," Working Papers of the African Governance and Development Institute. 18/025, African Governance and Development Institute..
    21. Simplice A. Asongu & Nicholas M. Odhiambo, 2017. "Mobile banking usage, quality of growth, inequality and poverty in developing countries," Research Africa Network Working Papers 17/046, Research Africa Network (RAN).
    22. Simplice A. Asongu & Nicholas M. Odhiambo, 2018. "Human development thresholds for inclusive mobile banking in developing countries," African Journal of Science, Technology, Innovation and Development, Taylor & Francis Journals, vol. 10(6), pages 735-744, September.
    23. Simplice A. Asongu & Joseph Nnanna, 2020. "Governance and the Capital Flight Trap in Africa," Working Papers of the African Governance and Development Institute. 20/024, African Governance and Development Institute..
    24. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Foreign Direct Investment, Information Technology and Economic Growth Dynamics in Sub-Saharan Africa," Research Africa Network Working Papers 19/038, Research Africa Network (RAN).
    25. Simplice Asongu & Ndemaze Asongu, 2018. "The comparative exploration of mobile money services in inclusive development," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 45(1), pages 124-139, January.
    26. Pablo Bra~nas-Garza & Antonio Cabrales & Mar'ia Paz Espinosa & Diego Jorrat, 2022. "The effect of ambiguity in strategic environments: an experiment," Papers 2209.11079, arXiv.org.
    27. Simplice A. Asongu & Jacinta C. Nwachukwu, 2016. "Conditional linkages between iron ore exports, foreign aid and terrorism," Research Africa Network Working Papers 16/035, Research Africa Network (RAN).
    28. Simplice A. Asongu & Joel Hinaunye Eita, 2023. "Promoting renewable energy consumption in Sub-Saharan Africa: how capital flight crowds-out the favorable effect of foreign aid," Working Papers of the African Governance and Development Institute. 23/048, African Governance and Development Institute..
    29. Simplice A. Asongu & Nicholas M. Odhiambo, 2023. "Governance quality and trade performance in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 23/006, African Governance and Development Institute..
    30. Simplice A. Asongu & Nicholas M. Odhiambo, 2022. "The Comparative Economics of Globalisation and Governance in Sub-Saharan Africa," Working Papers 22/050, European Xtramile Centre of African Studies (EXCAS).
    31. Simplice A. Asongu, 2019. "Natural Resource Exports, Foreign Aid and Terrorism," Working Papers of the African Governance and Development Institute. 19/023, African Governance and Development Institute..
    32. Simplice A. Asongu & Jacinta C. Nwachukwu, 2016. "Welfare Spending and Quality of Growth in Developing Countries: A Note on Evidence from Hopefuls, Contenders and Best Performers," Research Africa Network Working Papers 16/028, Research Africa Network (RAN).
    33. Uchenna, Efobi & Asongu, Simplice, 2016. "Terrorism and Capital Flight from Africa," MPRA Paper 74651, University Library of Munich, Germany.
    34. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "The Arab Spring was Predictable in 2007: Empirics of Proof," Africagrowth Agenda, Africagrowth Institute, vol. 14(4), pages 4-7.
    35. Calford, Evan, 2016. "Mixed Strategies in Games with Ambiguity Averse Agents," MPRA Paper 74909, University Library of Munich, Germany.
    36. Asongu, Simplice, 2015. "Welfare Spending and Quality of Growth in Developing Countries: Evidence from Hopefuls, Contenders and Best Performers," MPRA Paper 68312, University Library of Munich, Germany.
    37. Asongu, Simplice & Batuo, Enowbi & Nwachukwu, Jacinta & Tchamyou, Vanessa, 2016. "Is information diffusion a threat to market power for financial access? Insights from the African banking industry," MPRA Paper 76124, University Library of Munich, Germany.
    38. Kishishita, Daiki & Ozaki, Hiroyuki, 2020. "Public goods game with ambiguous threshold," Economics Letters, Elsevier, vol. 191(C).
    39. Simplice A. Asongu & Ibrahim D. Raheem & Vanessa S. Tchamyou, 2016. "Information Asymmetry and Financial Dollarization in Sub-Saharan Africa," Research Africa Network Working Papers 16/048, Research Africa Network (RAN).
    40. Asongu, Simplice & Amankwah-Amoah, Joseph, 2016. "Military expenditure, terrorism and capital flight: Insights from Africa," MPRA Paper 74230, University Library of Munich, Germany.
    41. Asongu, Simplice & Batuo, Enowbi & Tchamyou, Vanessa, 2015. "Bundling Governance: Finance versus Institutions in Private Investment Promotion," MPRA Paper 71170, University Library of Munich, Germany.
    42. Greiner, Ben, 2023. "Strategic uncertainty aversion in bargaining — Experimental evidence," Journal of Economic Psychology, Elsevier, vol. 95(C).
    43. Simplice Asongu & Sara Le Roux, 2016. "Reducing Information Asymmetry with ICT: A critical review of loan price and quantity effects in Africa," Working Papers of the African Governance and Development Institute. 16/024, African Governance and Development Institute..
    44. Simplice A. Asongu & Sara Le Roux & Vanessa S. Tchamyou, 2019. "Essential information sharing thresholds for reducing market power in financial access: a study of the African banking industry," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(1), pages 34-50, March.
    45. Surajeet Chakravarty & Todd R. Kaplan & Navonil Mustafee, 2020. "Altering Wait Time Information to Reduce A&E Overcrowding," Discussion Papers 2003, University of Exeter, Department of Economics.
    46. Asongu, Simplice & Nwachukwu, Jacinta, 2015. "Foreign aid volatility and lifelong learning: demand-side empirics to a textual literature," MPRA Paper 67853, University Library of Munich, Germany.
    47. Asongu, Simplice & Odhiambo, Nicholas, 2018. "Testing the Quiet Life Hypothesis in the African Banking Industry," MPRA Paper 88525, University Library of Munich, Germany.
    48. Bleichrodt, Han & Eichberger, Jürgen & Grant, Simon & Kelsey, David & Li, Chen, 2021. "Testing dynamic consistency and consequentialism under ambiguity," European Economic Review, Elsevier, vol. 134(C).
    49. Evan Calford, 2017. "Uncertainty Aversion in Game Theory: Experimental Evidence," Purdue University Economics Working Papers 1291, Purdue University, Department of Economics.
    50. Simplice Asongu, 2017. "The Effect of Reducing Information Asymmetry on Loan Price and Quantity in the African Banking Industry," Working Papers of the African Governance and Development Institute. 17/012, African Governance and Development Institute..
    51. Péter Bayer & Ani Guerdjikova, 2020. "Optimism leads to optimality: Ambiguity in network formation," Working Papers hal-03005107, HAL.
    52. Simplice A. Asongu & John Ssozi, 2015. "When is Foreign Aid Effective in Fighting Terrorism? Threshold Evidence," Research Africa Network Working Papers 15/031, Research Africa Network (RAN).
    53. Asongu, Simplice & Efobi, Uchenna & Beecroft, Ibukun, 2015. "FDI, Aid, Terrorism: Conditional Threshold Evidence from Developing Countries," EconStor Preprints 114569, ZBW - Leibniz Information Centre for Economics.
    54. Asongu, Simplice & Uduji, Joseph & Okolo-Obasi, Elda, 2019. "Foreign aid volatility and lifelong learning," MPRA Paper 102032, University Library of Munich, Germany.
    55. Simplice A. Asongu & Paul N. Acha-Anyi, 2020. "Enhancing ICT for Productivity in Sub-Saharan Africa: Thresholds for Complementary Policies," Working Papers 20/008, European Xtramile Centre of African Studies (EXCAS).
    56. Asongu, Simplice & Biekpe, Nicholas, 2017. "ICT, Information Asymmetry and Market Power in the African Banking Industry," MPRA Paper 81702, University Library of Munich, Germany.
    57. Chen Li & Uyanga Turmunkh & Peter P. Wakker, 2019. "Trust as a decision under ambiguity," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 51-75, March.
    58. Simplice A. Asongu & Rexon T. Nting & Evans S. Osabuohien, 2019. "One bad turn deserves another: how terrorism sustains the addiction to capital flight in Africa," Working Papers 19/015, European Xtramile Centre of African Studies (EXCAS).
    59. Simplice Asongu & Vanessa Tchamyou & Ndemaze Asongu & Nina Tchamyou, 2019. "Fighting terrorism in Africa: evidence from bundling and unbundling institutions," Empirical Economics, Springer, vol. 56(3), pages 883-933, March.
    60. Simplice Asongu & Oasis Kodila-Tedika, 2017. "Trade, aid and terror," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 16(1), pages 2-24, April.
    61. Asongu, Simplice & Nwachukwu, Jacinta, 2016. "Fighting Capital Flight in Africa: Evidence from Bundling and Unbundling Governance," MPRA Paper 77309, University Library of Munich, Germany.
    62. Asongu, Simplice & Uduji, Joseph & Okolo-Obasi, Elda, 2019. "Fighting African Capital Flight: Trajectories, Dynamics and Tendencies," MPRA Paper 102034, University Library of Munich, Germany.
    63. Montoya-Villalobos, Maria J., 2023. "Green consumption: The role of confidence and pessimism," Ecological Economics, Elsevier, vol. 205(C).
    64. Simplice A. Asongu & Thales P. Yapatake Kossele & Joseph Nnanna, 2021. "Not all that glitters is gold: political stability and trade in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 21/005, African Governance and Development Institute..
    65. Simplice A. Asongu & Joel Hinaunye Eita, 2023. "The conditional influence of poverty, inequality and severity of poverty on economic growth in Sub-Saharan Africa," Working Papers 23/022, European Xtramile Centre of African Studies (EXCAS).
    66. Fabian Bopp & Sara le Roux, 2023. "Social learning under ambiguity - an experimental study," Working Papers Dissertations 110, Paderborn University, Faculty of Business Administration and Economics.
    67. le Roux, Sara, 2020. "Climate change catastrophes and insuring decisions: A study in the presence of ambiguity," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 992-1002.
    68. Matteo M. Marini & Aurora García-Gallego & Luca Corazzini, 2018. "Communication in a threshold public goods game with ambiguity: Anomalies and regularities," Working Papers 2018/03, Economics Department, Universitat Jaume I, Castellón (Spain).
    69. David Kelsey & Sara le Roux, 2018. "Strategic ambiguity and decision-making: an experimental study," Theory and Decision, Springer, vol. 84(3), pages 387-404, May.
    70. Evan M. Calford & Gregory DeAngelo, 2023. "Ambiguity and enforcement," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 304-338, April.
    71. Guha, Brishti, 2022. "Ambiguity aversion, group size, and deliberation: Costly information and decision accuracy," Journal of Economic Behavior & Organization, Elsevier, vol. 201(C), pages 115-133.
    72. Han Bleichrodt & Jurgen Eichberger & Simon Grant & David Kelsey & Chen Li, 2018. "A Test of Dynamic Consistency and Consequentialism in the Presence of Ambiguity," Discussion Papers 1803, University of Exeter, Department of Economics.

  7. David Kelsey & Sara le Roux, 2014. "An Experimental Study on the Effect of Ambiguity in a Coordination Game," Discussion Papers 1410, University of Exeter, Department of Economics.

    Cited by:

    1. König-Kersting, Christian & Kops, Christopher & Trautmann, Stefan T., 2023. "A test of (weak) certainty independence," Journal of Economic Theory, Elsevier, vol. 209(C).
    2. Lisa Bruttel & Muhammed Bulutay & Camille Cornand & Frank Heinemann & Adam Zylbersztejn, 2022. "Measuring strategic-uncertainty attitudes," CEPA Discussion Papers 54, Center for Economic Policy Analysis.
    3. Pablo Bra~nas-Garza & Antonio Cabrales & Mar'ia Paz Espinosa & Diego Jorrat, 2022. "The effect of ambiguity in strategic environments: an experiment," Papers 2209.11079, arXiv.org.
    4. Sara le Roux & David Kelsey, 2015. "Dragon Slaying with Ambiguity: Theory and Experiments," Discussion Papers 1506, University of Exeter, Department of Economics.
    5. Calford, Evan, 2016. "Mixed Strategies in Games with Ambiguity Averse Agents," MPRA Paper 74909, University Library of Munich, Germany.
    6. Greiner, Ben, 2023. "Strategic uncertainty aversion in bargaining — Experimental evidence," Journal of Economic Psychology, Elsevier, vol. 95(C).
    7. Alex Possajennikov, 2012. "Belief Formation in a Signalling Game without Common Prior: An Experiment," Discussion Papers 2012-06, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    8. Evan Calford, 2017. "Uncertainty Aversion in Game Theory: Experimental Evidence," Purdue University Economics Working Papers 1291, Purdue University, Department of Economics.
    9. Péter Bayer & Ani Guerdjikova, 2020. "Optimism leads to optimality: Ambiguity in network formation," Working Papers hal-03005107, HAL.
    10. Calford, Evan M., 2021. "Mixed strategies and preference for randomization in games with ambiguity averse agents," Journal of Economic Theory, Elsevier, vol. 197(C).
    11. Fabian Bopp & Sara le Roux, 2023. "Social learning under ambiguity - an experimental study," Working Papers Dissertations 110, Paderborn University, Faculty of Business Administration and Economics.
    12. Li, Chen & Turmunkh, Uyanga & Wakker, Peter P., 2020. "Social and strategic ambiguity versus betrayal aversion," Games and Economic Behavior, Elsevier, vol. 123(C), pages 272-287.
    13. Eddai, Nahed & Guerdjikova, Ani, 2023. "To mitigate or to adapt: How to deal with optimism, pessimism and strategic ambiguity?," Journal of Economic Behavior & Organization, Elsevier, vol. 211(C), pages 1-30.
    14. Marco Rojas & Damián Vergara, 2021. "Ambiguity and long-run cooperation in strategic games," Oxford Economic Papers, Oxford University Press, vol. 73(3), pages 1077-1098.
    15. David Kelsey & Sara le Roux, 2018. "Strategic ambiguity and decision-making: an experimental study," Theory and Decision, Springer, vol. 84(3), pages 387-404, May.
    16. Evan M. Calford & Gregory DeAngelo, 2023. "Ambiguity and enforcement," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 304-338, April.

  8. Jürgen Eichberger & Simon Grant & David Kelsey, 2014. "Randomization and Dynamic Consistency," Discussion Papers 1409, University of Exeter, Department of Economics.

    Cited by:

    1. Spyros Galanis, 2021. "Dynamic consistency, valuable information and subjective beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(4), pages 1467-1497, June.
    2. Pierpaolo Battigalli & Simone Cerreia-Vioglio & Fabio Maccheroni & Massimo Marinacci, 2017. "Mixed extensions of decision problems under uncertainty," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(4), pages 827-866, April.
    3. Calford, Evan, 2016. "Mixed Strategies in Games with Ambiguity Averse Agents," MPRA Paper 74909, University Library of Munich, Germany.
    4. Federica Ceron & Vassili Vergopoulos, 2021. "On stochastic independence under ambiguity," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 925-960, April.
    5. Evan Calford, 2017. "Uncertainty Aversion in Game Theory: Experimental Evidence," Purdue University Economics Working Papers 1291, Purdue University, Department of Economics.
    6. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    7. Michel Grabisch & Benjamin Monet & Vassili Vergopoulos, 2023. "Subjective Expected Utility Through Stochastic Independence," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03901731, HAL.
    8. Kauffeldt, T. Florian, 2016. "Strategic behavior of non-expected utility players in games with payoff uncertainty," Working Papers 0614, University of Heidelberg, Department of Economics.
    9. Erick Delage & Daniel Kuhn & Wolfram Wiesemann, 2019. "“Dice”-sion–Making Under Uncertainty: When Can a Random Decision Reduce Risk?," Management Science, INFORMS, vol. 65(7), pages 3282-3301, July.
    10. Roxane Bricet, 2018. "Precise versus imprecise datasets: revisiting ambiguity attitudes in the Ellsberg paradox," THEMA Working Papers 2018-08, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    11. Michael Greinecker & Christoph Kuzmics, 2019. "Limit Orders under Knightian Uncertainty," Graz Economics Papers 2019-03, University of Graz, Department of Economics.
    12. Oechssler, Jörg & Roomets, Alex, 2019. "Savage vs. Anscombe-Aumann: An experimental investigation of ambiguity frameworks," Working Papers 0672, University of Heidelberg, Department of Economics.
    13. Kuzmics, Christoph, 2017. "Abraham Wald's complete class theorem and Knightian uncertainty," Games and Economic Behavior, Elsevier, vol. 104(C), pages 666-673.

  9. David Kelsey & Tigran Melkonyan, 2014. "Contests with Ambiguity," Discussion Papers 1411, University of Exeter, Department of Economics.

    Cited by:

    1. Christoph March & Marco Sahm, 2021. "Parochial altruism and the absence of the group size paradox in inter-group conflicts," Economics Bulletin, AccessEcon, vol. 41(2), pages 361-373.
    2. Evren, Özgür, 2019. "Recursive non-expected utility: Connecting ambiguity attitudes to risk preferences and the level of ambiguity," Games and Economic Behavior, Elsevier, vol. 114(C), pages 285-307.
    3. Paan Jindapon & Zhe Yang, 2020. "Free riders and the optimal prize in public‐good funding lotteries," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1289-1312, September.

  10. Jürgen Eichberger & Simon Grant & David Kelsey, 2012. "When is Ambiguity-Attitude Constant?," CESifo Working Paper Series 3768, CESifo.

    Cited by:

    1. Groneck, Max & Ludwig, Alexander & Zimper, Alexander, 2016. "A life-cycle model with ambiguous survival beliefs," Journal of Economic Theory, Elsevier, vol. 162(C), pages 137-180.
    2. Frick, Mira & Iijima, Ryota & Le Yaouanq, Yves, 2020. "Objective Rationality Foundations for (Dynamic) α-MEU," Rationality and Competition Discussion Paper Series 252, CRC TRR 190 Rationality and Competition.
    3. Emmanuel Kwasi Mensah & Lawrence Adu Asamoah & Vahid Jafari-Sadeghi, 2021. "Entrepreneurial opportunity decisions under uncertainty: Recognizing the complementing role of personality traits and cognitive skills," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 17(1), pages 25-55.
    4. Aurélien Baillon & Han Bleichrodt & Umut Keskin & Olivier L'Haridon & Author-Name: Chen Li, 2013. "Learning under ambiguity: An experiment using initial public offerings on a stock market," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201331, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.

  11. Jurgen Eichberger & Simon Grant & David Kelsey & Gleb A. Koshevoy, 2009. "The a-MEU Model: A Comment," Discussion Papers 0903, University of Exeter, Department of Economics.

    Cited by:

    1. Jürgen Eichberger & Simon Grant & David Kelsey, 2012. "When is Ambiguity-Attitude Constant?," CESifo Working Paper Series 3768, CESifo.
    2. Moti Michaeli, 2014. "Riskiness for sets of gambles," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 56(3), pages 515-547, August.
    3. Paulo Casaca & Alain Chateauneuf & José Heleno Faro, 2014. "Ignorance and competence in choices under uncertainty," PSE - Labex "OSE-Ouvrir la Science Economique" hal-01015299, HAL.
    4. Stergios Athanassoglou & Valentina Bosetti & Gauthier de Maere d'Aertryckey, 2012. "Optimal investment and the ambiguous aggregation of expert opinions," Working Papers 468, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    5. Eichberger, Jürgen & Guerdjikova, Ani, 2013. "Ambiguity, data and preferences for information – A case-based approach," Journal of Economic Theory, Elsevier, vol. 148(4), pages 1433-1462.
    6. Stephen Dimmock & Roy Kouwenberg & Olivia Mitchell & Kim Peijnenburg, 2015. "Estimating ambiguity preferences and perceptions in multiple prior models: Evidence from the field," Journal of Risk and Uncertainty, Springer, vol. 51(3), pages 219-244, December.
    7. Peter Wakker, 2011. "Jaffray’s ideas on ambiguity," Theory and Decision, Springer, vol. 71(1), pages 11-22, July.
    8. Kauffeldt, Florian & Wiesenfarth, Boris, 2014. "Confidence, Pessimism and their Impact on Product Differentiation in a Hotelling Model with Demand Location Uncertainty," Working Papers 0562, University of Heidelberg, Department of Economics.
    9. Adam Dominiak & Jean-Philippe Lefort, 2013. "Agreement theorem for neo-additive beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 1-13, January.
    10. Karni, Edi & Maccheroni, Fabio & Marinacci, Massimo, 2015. "Ambiguity and Nonexpected Utility," Handbook of Game Theory with Economic Applications,, Elsevier.

  12. Eichberger, Jürgen & Kelsey, David, 2008. "Are the Treasures of Game Theory Ambiguous?," Papers 08-08, Sonderforschungsbreich 504.

    Cited by:

    1. Beggs, Alan, 2021. "Games with second-order expected utility," Games and Economic Behavior, Elsevier, vol. 130(C), pages 569-590.
    2. Baillon, Aurélien & Bleichrodt, Han & Li, Chen & Wakker, Peter P., 2021. "Belief hedges: Measuring ambiguity for all events and all models," Journal of Economic Theory, Elsevier, vol. 198(C).
    3. Brishti Guha, 2012. "Gambling on Genes: Ambiguity Aversion Explains Investment in Sisters’ Children," Working Papers 33-2012, Singapore Management University, School of Economics.
    4. Damjanovic, Vladislav, 2017. "Two “little treasure games” driven by unconditional regret," Economics Letters, Elsevier, vol. 150(C), pages 99-103.
    5. Daniel Krähmer & Rebecca Stone, 2013. "Anticipated regret as an explanation of uncertainty aversion," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 709-728, March.
    6. Craig S. Webb, 2015. "Piecewise Additivity for Nonexpected Utility," Economics Discussion Paper Series 1503, Economics, The University of Manchester.
    7. Fujii, Tomoki, 2014. "Dynamic Poverty Decomposition Analysis: An Application to the Philippines," ADBI Working Papers 466, Asian Development Bank Institute.
    8. Greiner, Ben, 2023. "Strategic uncertainty aversion in bargaining — Experimental evidence," Journal of Economic Psychology, Elsevier, vol. 95(C).
    9. Riedel, Frank, 2017. "Uncertain acts in games," Center for Mathematical Economics Working Papers 571, Center for Mathematical Economics, Bielefeld University.
    10. Gaurab Aryal & Ronald Stauber, 2014. "Trembles in extensive games with ambiguity averse players," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(1), pages 1-40, September.
    11. Diamantaras, Dimitrios & Gilles, Robert P., 2011. "Ambiguity, social opinion and the use of common property resources," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 210-222.
    12. Külpmann, Philipp & Kuzmics, Christoph, 2022. "Comparing theories of one-shot play out of treatment," Journal of Economic Theory, Elsevier, vol. 205(C).
    13. Chen Li & Uyanga Turmunkh & Peter P. Wakker, 2019. "Trust as a decision under ambiguity," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 51-75, March.
    14. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    15. Chudjakow, Tatjana & Riedel, Frank, 2010. "The Best Choice Problem under Ambiguity," Center for Mathematical Economics Working Papers 413, Center for Mathematical Economics, Bielefeld University.
    16. Lombardi, Michele & Yoshihara, Naoki & 吉原, 直毅 & ヨシハラ, ナオキ, 2011. "A Full Characterization of Nash Implementation with Strategy Space Reduction," Discussion Paper Series a548, Institute of Economic Research, Hitotsubashi University.
    17. Gonçalo Faria & João Correia-da-Silva, 2012. "The price of risk and ambiguity in an intertemporal general equilibrium model of asset prices," Annals of Finance, Springer, vol. 8(4), pages 507-531, November.
    18. Li, Chen & Turmunkh, Uyanga & Wakker, Peter P., 2020. "Social and strategic ambiguity versus betrayal aversion," Games and Economic Behavior, Elsevier, vol. 123(C), pages 272-287.
    19. le Roux, Sara, 2020. "Climate change catastrophes and insuring decisions: A study in the presence of ambiguity," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 992-1002.
    20. Emy Lécuyer & Jean-Philippe Lefort, 2021. "Put–call parity and generalized neo-additive pricing rules," Theory and Decision, Springer, vol. 90(3), pages 521-542, May.
    21. Thomas Jungbauer & Klaus Ritzberger, 2011. "Strategic games beyond expected utility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 377-398, October.
    22. Robert Nau, 2011. "Risk, ambiguity, and state-preference theory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 437-467, October.
    23. Adam Dominiak & Jean-Philippe Lefort, 2013. "Agreement theorem for neo-additive beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 1-13, January.
    24. Dominiak, Adam & Eichberger, Jürgen, 2021. "Games in context: Equilibrium under ambiguity for belief functions," Games and Economic Behavior, Elsevier, vol. 128(C), pages 125-159.
    25. Craig S. Webb, 2017. "Piecewise linear rank-dependent utility," Theory and Decision, Springer, vol. 82(3), pages 403-414, March.
    26. Takao Asano & Hiroyuki Kojima & Kaname Miyagishima, 2022. "A Simple Axiomatization of Neo-Additive Choquet Expected Utility Theory on a Finite State Space," KIER Working Papers 1080, Kyoto University, Institute of Economic Research.
    27. Carmela Di Mauro & Massimo Finocchiaro Castro, 2011. "Kindness, confusion, or … ambiguity?," Experimental Economics, Springer;Economic Science Association, vol. 14(4), pages 611-633, November.
    28. Yi-Chun Chen & Xiao Luo & Chen Qu, 2016. "Rationalizability in general situations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(1), pages 147-167, January.

  13. Jurgen Eichberger & David Kelsey, 2006. "Optimism and Pessimism in Games," Discussion Papers 0605, University of Exeter, Department of Economics.

    Cited by:

    1. Eichberger, Jürgen & Spanjers, Willy, 2007. "Liquidity and ambiguity : banks or asset markets?," Papers 07-18, Sonderforschungsbreich 504.
    2. Beggs, Alan, 2021. "Games with second-order expected utility," Games and Economic Behavior, Elsevier, vol. 130(C), pages 569-590.
    3. Calford, Evan, 2016. "Mixed Strategies in Games with Ambiguity Averse Agents," MPRA Paper 74909, University Library of Munich, Germany.
    4. Craig S. Webb, 2015. "Piecewise Additivity for Nonexpected Utility," Economics Discussion Paper Series 1503, Economics, The University of Manchester.
    5. Edwards, Robert A. & Routledge, Robert R., 2022. "Information, Bertrand–Edgeworth competition and the law of one price," Journal of Mathematical Economics, Elsevier, vol. 101(C).
    6. Nahed Eddai & Ani Guerdjikova, 2021. "To mitigate or to adapt: how to deal with optimism, pessimism and strategic ambiguity?," Working Papers hal-03590990, HAL.
    7. Eichberger, Jürgen & Kelsey, David, 2008. "Are the Treasures of Game Theory Ambiguous?," Sonderforschungsbereich 504 Publications 08-08, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    8. Péter Bayer & Ani Guerdjikova, 2020. "Optimism leads to optimality: Ambiguity in network formation," Working Papers hal-03005107, HAL.
    9. Diamantaras, Dimitrios & Gilles, Robert P., 2011. "Ambiguity, social opinion and the use of common property resources," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 210-222.
    10. Montoya-Villalobos, Maria J., 2023. "Green consumption: The role of confidence and pessimism," Ecological Economics, Elsevier, vol. 205(C).
    11. Eichberger, Jürgen & Kelsey, David H. & Schipper, Burkhard C., 2006. "Granny versus Game Theorst: Ambiguity in Experimental Games," Bonn Econ Discussion Papers 17/2006, University of Bonn, Bonn Graduate School of Economics (BGSE).
    12. Thomas Jungbauer & Klaus Ritzberger, 2011. "Strategic games beyond expected utility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 377-398, October.
    13. Eddai, Nahed & Guerdjikova, Ani, 2023. "To mitigate or to adapt: How to deal with optimism, pessimism and strategic ambiguity?," Journal of Economic Behavior & Organization, Elsevier, vol. 211(C), pages 1-30.
    14. Daniel Laskar, 2013. "Ambiguity, Pessimism, Optimism and Financial Crises in a Simple Global Game Model," Working Papers hal-00811923, HAL.
    15. Evan M. Calford & Gregory DeAngelo, 2023. "Ambiguity and enforcement," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 304-338, April.
    16. Daniel Laskar, 2013. "Ambiguity, Pessimism, Optimism and Financial Crises in a Simple Global Game Model," PSE Working Papers hal-00811923, HAL.
    17. Riedel, Frank & Sass, Linda, 2016. "The strategic use of ambiguity," Center for Mathematical Economics Working Papers 452, Center for Mathematical Economics, Bielefeld University.
    18. Dominiak, Adam & Eichberger, Jürgen, 2021. "Games in context: Equilibrium under ambiguity for belief functions," Games and Economic Behavior, Elsevier, vol. 128(C), pages 125-159.
    19. Azrieli, Yaron & Teper, Roee, 2011. "Uncertainty aversion and equilibrium existence in games with incomplete information," Games and Economic Behavior, Elsevier, vol. 73(2), pages 310-317.
    20. Guarino, Pierfrancesco & Ziegler, Gabriel, 2022. "Optimism and pessimism in strategic interactions under ignorance," Games and Economic Behavior, Elsevier, vol. 136(C), pages 559-585.
    21. Takao Asano & Hiroyuki Kojima & Kaname Miyagishima, 2022. "A Simple Axiomatization of Neo-Additive Choquet Expected Utility Theory on a Finite State Space," KIER Working Papers 1080, Kyoto University, Institute of Economic Research.

  14. Burkhard C. Schipper & David Kelsey & Juergen Eichberger, 2006. "Granny versus Game Theorist: Ambiguity in Experimental Games," Working Papers 82, University of California, Davis, Department of Economics.

    Cited by:

    1. David Kelsey & Tigran Melkonyan, 2018. "Contests with ambiguity," Oxford Economic Papers, Oxford University Press, vol. 70(4), pages 1148-1169.
    2. Doruk Iris & Jungmin Lee & Alessandro Tavoni, 2016. "Delegation and Public Pressure in a Threshold Public Goods Game: Theory and Experimental Evidence," Working Papers 1601, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
    3. Jurgen Eichberger & David Kelsey & Burkhard C. Schipper, 2005. "Ambiguity and Social Interaction," Discussion Papers 0504, University of Exeter, Department of Economics.
    4. Schipper, Burkhard C. & Raab, Philippe, 2004. "Cournot Competition between Teams: An Experimental Study," Bonn Econ Discussion Papers 13/2004, University of Bonn, Bonn Graduate School of Economics (BGSE).
    5. Astrid Dannenberg & Andreas L�schel & Gabriele Paolacci & Christiane Reif & Alessandro Tavoni, 2011. "Coordination under threshold uncertainty in a public goods game," Working Papers 2011_20, Department of Economics, University of Venice "Ca' Foscari", revised Nov 2011.
    6. Pablo Bra~nas-Garza & Antonio Cabrales & Mar'ia Paz Espinosa & Diego Jorrat, 2022. "The effect of ambiguity in strategic environments: an experiment," Papers 2209.11079, arXiv.org.
    7. Burkhard C. Schipper, 2019. "The Evolutionary Stability of Optimism, Pessimism, and Complete Ignorance," Working Papers 334, University of California, Davis, Department of Economics.
    8. Calford, Evan, 2016. "Mixed Strategies in Games with Ambiguity Averse Agents," MPRA Paper 74909, University Library of Munich, Germany.
    9. Greiner, Ben, 2023. "Strategic uncertainty aversion in bargaining — Experimental evidence," Journal of Economic Psychology, Elsevier, vol. 95(C).
    10. Takao Asano & Hiroko Okudaira & Masaru Sasaki, 2015. "An experimental test of a search model under ambiguity," Theory and Decision, Springer, vol. 79(4), pages 627-637, December.
    11. Alex Possajennikov, 2012. "Belief Formation in a Signalling Game without Common Prior: An Experiment," Discussion Papers 2012-06, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    12. Jurgen Eichberger & David Kelsey, 2006. "Optimism and Pessimism in Games," Discussion Papers 0605, University of Exeter, Department of Economics.
    13. Evan Calford, 2017. "Uncertainty Aversion in Game Theory: Experimental Evidence," Purdue University Economics Working Papers 1291, Purdue University, Department of Economics.
    14. Nahed Eddai & Ani Guerdjikova, 2021. "To mitigate or to adapt: how to deal with optimism, pessimism and strategic ambiguity?," Working Papers hal-03590990, HAL.
    15. Proto, Eugenio & Lambrecht, Marco & Rustichini, Aldo & Sofianos, Andis, 2021. "Intelligence Disclosure and Cooperation in Repeated Interactions," CEPR Discussion Papers 16656, C.E.P.R. Discussion Papers.
    16. Eichberger, Jürgen & Kelsey, David, 2008. "Are the Treasures of Game Theory Ambiguous?," Sonderforschungsbereich 504 Publications 08-08, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    17. David Kelsey & Sara Roux, 2015. "An experimental study on the effect of ambiguity in a coordination game," Theory and Decision, Springer, vol. 79(4), pages 667-688, December.
    18. Péter Bayer & Ani Guerdjikova, 2020. "Optimism leads to optimality: Ambiguity in network formation," Working Papers hal-03005107, HAL.
    19. Diamantaras, Dimitrios & Gilles, Robert P., 2011. "Ambiguity, social opinion and the use of common property resources," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 210-222.
    20. Chen Li & Uyanga Turmunkh & Peter P. Wakker, 2019. "Trust as a decision under ambiguity," Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 51-75, March.
    21. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    22. Andreas Nicklisch, 2011. "Learning strategic environments: an experimental study of strategy formation and transfer," Theory and Decision, Springer, vol. 71(4), pages 539-558, October.
    23. Takao Asano & Hiroko Okudaira & Masaru Sasaki, 2015. "An Experimental Test of a Search Model under Ambiguity," KIER Working Papers 913, Kyoto University, Institute of Economic Research.
    24. Persson, Lars & Seiler, Thomas, 2022. "Entrepreneurial optimism and creative destruction," The North American Journal of Economics and Finance, Elsevier, vol. 62(C).
    25. Eichberger, Jürgen & Kelsey, David, 2007. "Ambiguity," Sonderforschungsbereich 504 Publications 07-50, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
      • Eichberger, Jürgen & Kelsey, David, 2007. "Ambiguity," Papers 07-50, Sonderforschungsbreich 504.
    26. Jo Laban Peryman & David Kelsey, 2015. "Cultural Norms and Identity in Coordination Games," Discussion Papers 1505, University of Exeter, Department of Economics.
    27. Eddai, Nahed & Guerdjikova, Ani, 2023. "To mitigate or to adapt: How to deal with optimism, pessimism and strategic ambiguity?," Journal of Economic Behavior & Organization, Elsevier, vol. 211(C), pages 1-30.
    28. David Kelsey & Sara le Roux, 2018. "Strategic ambiguity and decision-making: an experimental study," Theory and Decision, Springer, vol. 84(3), pages 387-404, May.
    29. Evan M. Calford & Gregory DeAngelo, 2023. "Ambiguity and enforcement," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 304-338, April.
    30. Ivanov, Asen, 2011. "Attitudes to ambiguity in one-shot normal-form games: An experimental study," Games and Economic Behavior, Elsevier, vol. 71(2), pages 366-394, March.
    31. Dominiak, Adam & Eichberger, Jürgen, 2021. "Games in context: Equilibrium under ambiguity for belief functions," Games and Economic Behavior, Elsevier, vol. 128(C), pages 125-159.
    32. Joanne Peryman & David Kelsey, 2021. "Ambiguity when playing coordination games across cultures," Theory and Decision, Springer, vol. 90(3), pages 485-505, May.
    33. Carmela Di Mauro & Massimo Finocchiaro Castro, 2011. "Kindness, confusion, or … ambiguity?," Experimental Economics, Springer;Economic Science Association, vol. 14(4), pages 611-633, November.

  15. David Kelsey & Frank Milne, 2006. "Externalities, Monopoly and the Objective Function of the Firm," Discussion Papers 0604, University of Exeter, Department of Economics.

    Cited by:

    1. David Kelsey & Frank Milne, 2006. "Imperfect Competition And Corporate Governance," Working Paper 1079, Economics Department, Queen's University.
    2. Camelia Bejan & Florin Bidian, 2012. "Ownership structure and efficiency in large economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(3), pages 571-602, August.
    3. Steven Baker & Burton Hollifield & Emilio Osambela, 2019. "Asset Prices and Portfolios with Externalities," 2019 Meeting Papers 1255, Society for Economic Dynamics.
    4. David Kelsey & Frank Milne, 2010. "Takeovers and cooperatives: governance and stability in non-corporate firms," Journal of Economics, Springer, vol. 99(3), pages 193-209, April.
    5. Tikoudis, Ioannis, 2023. "Revisiting the Pigouvian tax in urban roads: Housing supply restrictions, leaking profits and spatial inequality," Economics of Transportation, Elsevier, vol. 35(C).
    6. L. Marsiliani & X. Liu & Л. Марсилиани & К. Лю, 2017. "Структура Акционерного Капитала И Степень Эксплуатации Нефтяных Месторождений // Share-Ownership Distribution And Extraction Rate Of Petroleum In Oil Fields," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 5(1), pages 42-53.
    7. David Kelsey & Frank Milne, 2006. "Takeovers And Cooperatives," Working Paper 1113, Economics Department, Queen's University.

  16. David Kelsey & Frank Milne, 2006. "Imperfect Competition And Corporate Governance," Working Paper 1079, Economics Department, Queen's University.

    Cited by:

    1. Marco, Marini & Alberto, Zevi, 2010. "'Just one of us': Consumers playing oligopoly in mixed markets," MPRA Paper 31213, University Library of Munich, Germany, revised 30 May 2011.
    2. David Kelsey & Frank Milne, 2006. "Externalities, monopoly and the objective function of the firm," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 565-589, November.
    3. Kopel, Michael & Lamantia, Fabio & Szidarovszky, Ferenc, 2014. "Evolutionary competition in a mixed market with socially concerned firms," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 394-409.
    4. David Kelsey & Frank Milne, 2010. "Takeovers and cooperatives: governance and stability in non-corporate firms," Journal of Economics, Springer, vol. 99(3), pages 193-209, April.
    5. Marco Marini & Paolo Polidori & Desiree Teobaldelli & Alberto Zevi, 2014. "Welfare enhancing coordination in consumer cooperatives under mixed oligopoly," DIAG Technical Reports 2014-10, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".
    6. Michael Kopel & Marco A. Marini, 2012. "Optimal Compensation Structure in Consumer Cooperatives under Mixed Oligopoly," DIS Technical Reports 2012-06, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".
    7. Stefano Demichelis & Klaus Ritzberger, 2011. "A general equilibrium analysis of corporate control and the stock market," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 46(2), pages 221-254, February.
    8. Stefano Demichelis & Klaus Ritzberger, 2007. "Corporate Control and the Stock Market," Carlo Alberto Notebooks 60, Collegio Carlo Alberto.
    9. Michael Kopel & Marco Marini, 2013. "Strategic Delegation In Consumer Cooperatives Under Mixed Oligopoly," Working Papers 1306, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2013.
    10. Kopel, Michael & Brand, Björn, 2012. "Socially responsible firms and endogenous choice of strategic incentives," Economic Modelling, Elsevier, vol. 29(3), pages 982-989.

  17. David Kelsey & Frank Milne, 2006. "Takeovers And Cooperatives," Working Paper 1113, Economics Department, Queen's University.

    Cited by:

    1. Marco, Marini & Alberto, Zevi, 2010. "'Just one of us': Consumers playing oligopoly in mixed markets," MPRA Paper 31213, University Library of Munich, Germany, revised 30 May 2011.

  18. Jurgen Eichberger & Simon Grant & David Kelsey, 2006. "Differentiating Ambiguity: A Comment," Discussion Papers 0606, University of Exeter, Department of Economics.

    Cited by:

    1. Alain Chateauneuf & Jürgen Eichberger & Simon Grant, 2007. "Choice under uncertainty with the best and worst in mind: neo-additive capacities," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00271279, HAL.
    2. Eichberger, Jürgen & Guerdjikova, Ani, 2013. "Ambiguity, data and preferences for information – A case-based approach," Journal of Economic Theory, Elsevier, vol. 148(4), pages 1433-1462.
    3. Jürgen Eichberger & Simon Grant & David Kelsey, 2008. "Differentiating ambiguity: an expository note," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(2), pages 327-336, August.
    4. Nehring, Klaus, 2009. "Imprecise probabilistic beliefs as a context for decision-making under ambiguity," Journal of Economic Theory, Elsevier, vol. 144(3), pages 1054-1091, May.

  19. Jurgen Eichberger & Simon Grant & David Kelsey, 2006. "Updating Choquet Beliefs," Discussion Papers 0607, University of Exeter, Department of Economics.

    Cited by:

    1. Jürgen Eichberger & Simon Grant & David Kelsey, 2012. "When is Ambiguity-Attitude Constant?," CESifo Working Paper Series 3768, CESifo.
    2. André Lapied & Pascal Toquebeuf, 2011. "Dynamically consistent CEU preferences," Working Papers halshs-00856193, HAL.
    3. Pascal Toquebeuf, 2013. "The value of information with neo-additive beliefs," Post-Print hal-01123000, HAL.
    4. Alexander Zimper, 2012. "The emergence of “fifty-fifty” probability judgements in a conditional Savage world," Working Papers 291, Economic Research Southern Africa.
    5. Dominiak, Adam & Lefort, Jean-Philippe, 2009. "Unambiguous Events and Dynamic Choquet Preferences," Working Papers 0489, University of Heidelberg, Department of Economics.
    6. Konstantinos Georgalos, 2019. "An experimental test of the predictive power of dynamic ambiguity models," Journal of Risk and Uncertainty, Springer, vol. 59(1), pages 51-83, August.
    7. Takao Asano & Hiroyuki Kojima, 2019. "Consequentialism and dynamic consistency in updating ambiguous beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(1), pages 223-250, July.
    8. Eichberger, Jürgen & Grant, Simon & Lefort, Jean-Philippe, 2008. "Neo-additive capacities and updating," Papers 08-31, Sonderforschungsbreich 504.
    9. Simon Grant & John Quiggin, 2005. "Learning and Discovery," Risk & Uncertainty Working Papers WP7R05, Risk and Sustainable Management Group, University of Queensland.
    10. Robert Kast & André Lapied & Pascal Toquebeuf, 2012. "Updating Choquet capacities: a general framework," Economics Bulletin, AccessEcon, vol. 32(2), pages 1495-1503.
    11. Jürgen Eichberger & Simon Grant & David Kelsey, 2017. "Ambiguity and the Centipede Game: Strategic Uncertainty in Multi-Stage Games," Discussion Papers 1705, University of Exeter, Department of Economics.
    12. André Lapied & Pascal Toquebeuf, 2009. "Consistent dynamic choice and non-expected utility preferences," Working Papers hal-00416214, HAL.
    13. Gérard Mondello, 2023. "Information Source's Reliability," GREDEG Working Papers 2023-18, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    14. Groneck, Max & Ludwig, Alexander & Zimper, Alexander, 2013. "Ambiguous Survival Beliefs and Hyperbolic Discounting in a Life-Cycle Model," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79878, Verein für Socialpolitik / German Economic Association.
    15. Groneck, Max & Ludwig, Alexander & Zimper, Alexander, 2016. "A life-cycle model with ambiguous survival beliefs," Journal of Economic Theory, Elsevier, vol. 162(C), pages 137-180.
    16. Dominiak, Adam & Duersch, Peter & Lefort, Jean-Philippe, 2012. "A dynamic Ellsberg urn experiment," Games and Economic Behavior, Elsevier, vol. 75(2), pages 625-638.
    17. Mira Frick & Ryota Iijima & Yves Le Yaouanq, 2020. "Objective rationality foundations for (dynamic) alpha-MEU," Cowles Foundation Discussion Papers 2244, Cowles Foundation for Research in Economics, Yale University.
    18. Zimper, Alexander, 2012. "Asset pricing in a Lucas fruit-tree economy with the best and worst in mind," Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 610-628.
    19. Alexander Zimper, 2011. "Re-examining the law of iterated expectations for Choquet decision makers," Theory and Decision, Springer, vol. 71(4), pages 669-677, October.
    20. Alexander Ludwig & Alexander Zimper, 2012. "A decision-theoretic model of asset-price underreaction and overreaction to dividend news," Working Papers 201223, University of Pretoria, Department of Economics.
    21. Horie, Mayumi, 2013. "Reexamination on updating Choquet beliefs," Journal of Mathematical Economics, Elsevier, vol. 49(6), pages 467-470.
    22. Vadym Lepetyuk & Christian A. Stoltenberg, 2013. "Reconciling Consumption Inequality with Income Inequality," Tinbergen Institute Discussion Papers 13-124/VI, Tinbergen Institute.
    23. Frick, Mira & Iijima, Ryota & Le Yaouanq, Yves, 2020. "Objective Rationality Foundations for (Dynamic) α-MEU," Rationality and Competition Discussion Paper Series 252, CRC TRR 190 Rationality and Competition.
    24. Eichberger, Jürgen & Oechssler, Jörg & Schnedler, Wendelin, 2012. "How do people cope with an ambiguous situation when it becomes even more ambiguous?," Working Papers 0528, University of Heidelberg, Department of Economics.
    25. Mayumi Horie, 2007. "Reexamination on Updating Choquet Beliefs," KIER Working Papers 643, Kyoto University, Institute of Economic Research.
    26. Ludwig, Alexander & Zimper, Alexander, 2007. "A parsimonious model of subjective life expectancy," Papers 07-65, Sonderforschungsbreich 504.
    27. Nobuo Koida, 2012. "Nest-monotonic two-stage acts and exponential probability capacities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(1), pages 99-124, May.
    28. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    29. Gérard Mondello, 2021. "Uncertainty And Information Sources' Reliability," Working Papers halshs-03502603, HAL.
    30. Basili, Marcello & Zappia, Carlo, 2009. "Keynes's "non-numerical" probabilities and non-additive measures," Journal of Economic Psychology, Elsevier, vol. 30(3), pages 419-430, June.
    31. Heyen, Daniel, 2018. "Ambiguity aversion under maximum-likelihood updating," LSE Research Online Documents on Economics 80342, London School of Economics and Political Science, LSE Library.
    32. Alain Chateauneuf & Thibault Gajdos & Jean-Yves Jaffray, 2011. "Regular updating," Theory and Decision, Springer, vol. 71(1), pages 111-128, July.
    33. Christopher Boortz, 2016. "Irrational Exuberance and Herding in Financial Markets," SFB 649 Discussion Papers SFB649DP2016-016, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    34. Alexander Zimper & Alexander Ludwig, 2009. "On attitude polarization under Bayesian learning with non-additive beliefs," Journal of Risk and Uncertainty, Springer, vol. 39(2), pages 181-212, October.
    35. Alexander Zimper, 2011. "Do Bayesians learn their way out of ambiguity?," Working Papers 240, Economic Research Southern Africa.
    36. Anna Gumena & Andrei Savochkin, 2012. "Dynamically Stable Preferences," Carlo Alberto Notebooks 263, Collegio Carlo Alberto.
    37. Alexander Ludwig & Alexander Zimper, 2013. "Biased Bayesian learning with an application to the risk-free rate puzzle," Working Papers 201366, University of Pretoria, Department of Economics.
    38. Dmitri Vinogradov & Yousef Makhlouf, 2021. "Signaling probabilities in ambiguity: who reacts to vague news?," Theory and Decision, Springer, vol. 90(3), pages 371-404, May.
    39. Giulianella Coletti & Davide Petturiti & Barbara Vantaggi, 2019. "Dutch book rationality conditions for conditional preferences under ambiguity," Annals of Operations Research, Springer, vol. 279(1), pages 115-150, August.
    40. Alexander Zimper, 2007. "Half empty, half full and why we can agree to disagree forever," Working Papers 058, Economic Research Southern Africa.
    41. Lorenzo Bastianello & José Heleno Faro, 2023. "Choquet expected discounted utility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(4), pages 1071-1098, May.
    42. Lapied, André & Toquebeuf, Pascal, 2012. "Dynamically consistent CEU preferences on f-convex events," Mathematical Social Sciences, Elsevier, vol. 63(3), pages 252-256.
    43. Dominiak, Adam & Eichberger, Jürgen & Lefort, Jean-Philippe, 2012. "Agreeable trade with optimism and pessimism," Mathematical Social Sciences, Elsevier, vol. 64(2), pages 119-126.
    44. Matthew Ryan, 2021. "Feddersen and Pesendorfer meet Ellsberg," Theory and Decision, Springer, vol. 90(3), pages 543-577, May.
    45. Jean-Philippe Lefort, 2006. "Comparison of experts in the non-additive case," Post-Print halshs-00130451, HAL.
    46. Georgalos, Konstantinos, 2021. "Dynamic decision making under ambiguity: An experimental investigation," Games and Economic Behavior, Elsevier, vol. 127(C), pages 28-46.
    47. Xiaoyu Cheng, 2021. "Extended Relative Maximum Likelihood Updating of Choquet Beliefs," Papers 2109.02597, arXiv.org.
    48. Aurélien Baillon & Han Bleichrodt & Umut Keskin & Olivier l’Haridon & Chen Li, 2018. "The Effect of Learning on Ambiguity Attitudes," Management Science, INFORMS, vol. 64(5), pages 2181-2198, May.
    49. Nihad Aliyev & Xue-Zhong He, 2017. "Ambiguous Market Making," Research Paper Series 383, Quantitative Finance Research Centre, University of Technology, Sydney.
    50. Jean-Philippe Lefort, 2006. "Comparison of experts in the non-additive case," Cahiers de la Maison des Sciences Economiques b06088, Université Panthéon-Sorbonne (Paris 1).
    51. Adam Dominiak & Jean-Philippe Lefort, 2013. "Agreement theorem for neo-additive beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 1-13, January.
    52. Mayumi Horie, 2007. "A General Update Rule for Convex Capacities," KIER Working Papers 644, Kyoto University, Institute of Economic Research.
    53. Daniel Heyen, 2018. "Ambiguity aversion under maximum-likelihood updating," Theory and Decision, Springer, vol. 84(3), pages 373-386, May.
    54. Xiaoyu Cheng, 2019. "Relative Maximum Likelihood Updating of Ambiguous Beliefs," Papers 1911.02678, arXiv.org, revised Oct 2021.
    55. Grant, S. & Kline, J. & Meneghel, I. & Quiggin, J. & Tourky, R., 2016. "A theory of robust experiments for choice under uncertainty," Journal of Economic Theory, Elsevier, vol. 165(C), pages 124-151.
    56. Aurélien Baillon & Han Bleichrodt & Umut Keskin & Olivier L'Haridon & Author-Name: Chen Li, 2013. "Learning under ambiguity: An experiment using initial public offerings on a stock market," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201331, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    57. J. Ford & D. Kelsey & W. Pang, 2013. "Information and ambiguity: herd and contrarian behaviour in financial markets," Theory and Decision, Springer, vol. 75(1), pages 1-15, July.
    58. Eichberger, Jürgen & Grant, Simon & Kelsey, David, 2010. "Comparing three ways to update Choquet beliefs," Economics Letters, Elsevier, vol. 107(2), pages 91-94, May.
    59. Han Bleichrodt & Jurgen Eichberger & Simon Grant & David Kelsey & Chen Li, 2018. "A Test of Dynamic Consistency and Consequentialism in the Presence of Ambiguity," Discussion Papers 1803, University of Exeter, Department of Economics.

  20. J L Ford & David Kelsey & W Pang, 2005. "Ambiguity in Financial Markets: Herding and Contrarian Behaviour," Discussion Papers 05-11, Department of Economics, University of Birmingham.

    Cited by:

    1. Craig S. Webb, 2015. "Piecewise Additivity for Nonexpected Utility," Economics Discussion Paper Series 1503, Economics, The University of Manchester.
    2. Pengguang Lu, 2023. "A Simple Model of Herding and Contrarian Behaviour with Biased Informed Traders," Economics Discussion Paper Series 2307, Economics, The University of Manchester, revised Dec 2023.
    3. Craig S. Webb, 2017. "Piecewise linear rank-dependent utility," Theory and Decision, Springer, vol. 82(3), pages 403-414, March.

  21. Burkhard C. Schipper & David Kelsey, 2005. "Ambiguity and Social Interaction," Working Papers 56, University of California, Davis, Department of Economics.

    Cited by:

    1. David Kelsey & Tigran Melkonyan, 2018. "Contests with ambiguity," Oxford Economic Papers, Oxford University Press, vol. 70(4), pages 1148-1169.
    2. Felipe Zurita, 2005. "Beyond Earthquakes: The New Directions of Expected Utility Theory," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 42(126), pages 209-255.
    3. Sandra Ludwig & Julia Nafziger, 2011. "Beliefs about overconfidence," Theory and Decision, Springer, vol. 70(4), pages 475-500, April.
    4. Eichberger, Jürgen & Grant, Simon & Lefort, Jean-Philippe, 2008. "Neo-additive capacities and updating," Papers 08-31, Sonderforschungsbreich 504.
    5. Beggs, Alan, 2021. "Games with second-order expected utility," Games and Economic Behavior, Elsevier, vol. 130(C), pages 569-590.
    6. Schipper, Burkhard C. & Raab, Philippe, 2004. "Cournot Competition between Teams: An Experimental Study," Bonn Econ Discussion Papers 13/2004, University of Bonn, Bonn Graduate School of Economics (BGSE).
    7. Burkhard C. Schipper, 2019. "The Evolutionary Stability of Optimism, Pessimism, and Complete Ignorance," Working Papers 334, University of California, Davis, Department of Economics.
    8. Lucie Bottega & Dorothée Brécard & Philippe Delacote, 2023. "Greening or greenwashing? How consumers’ beliefs influence firms’ advertising strategies on environmental quality," Working Papers 2023.05, FAERE - French Association of Environmental and Resource Economists.
    9. Bell, William Paul, 2009. "Adaptive interactive expectations: dynamically modelling profit expectations," MPRA Paper 38260, University Library of Munich, Germany, revised 09 Feb 2010.
    10. Aldred, Jonathan, 2013. "Justifying precautionary policies: Incommensurability and uncertainty," Ecological Economics, Elsevier, vol. 96(C), pages 132-140.
    11. Nahed Eddai & Ani Guerdjikova, 2021. "To mitigate or to adapt: how to deal with optimism, pessimism and strategic ambiguity?," Working Papers hal-03590990, HAL.
    12. Gérard Mondello, 2012. "Ambiguity, Agency Relationships and Adverse Selection," GREDEG Working Papers 2012-06, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    13. Eichberger, Jürgen & Kelsey, David, 2008. "Are the Treasures of Game Theory Ambiguous?," Sonderforschungsbereich 504 Publications 08-08, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    14. David Kelsey & Sara Roux, 2015. "An experimental study on the effect of ambiguity in a coordination game," Theory and Decision, Springer, vol. 79(4), pages 667-688, December.
    15. Marcello Basili & Fulvio Fontini, 2007. "Constitutional Constraints Under Ambiguity: A Game-Theoretic Approach," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 59-66.
    16. Diamantaras, Dimitrios & Gilles, Robert P., 2011. "Ambiguity, social opinion and the use of common property resources," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 210-222.
    17. Giuseppe De Marco & Maria Romaniello, 2015. "On Games and Equilibria with Coherent Lower Expectations," CSEF Working Papers 397, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    18. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    19. Giuseppe De Marco & Maria Romaniello, 2011. "A Limit Theorem for Equilibria under Ambiguous Beliefs Correspondences," CSEF Working Papers 299, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    20. Jürgen Eichberger & David Kelsey, 2004. "Sequential Two-Player Games With Ambiguity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1229-1261, November.
    21. Eichberger, Jürgen & Kelsey, David H. & Schipper, Burkhard C., 2006. "Granny versus Game Theorst: Ambiguity in Experimental Games," Bonn Econ Discussion Papers 17/2006, University of Bonn, Bonn Graduate School of Economics (BGSE).
    22. De Marco, Giuseppe & Romaniello, Maria, 2010. "Ambiguous games with contingent beliefs," MPRA Paper 27507, University Library of Munich, Germany.
    23. Frank Riedel & Linda Sass, 2014. "Ellsberg games," Theory and Decision, Springer, vol. 76(4), pages 469-509, April.
    24. Bell, William Paul, 2009. "Network Averaging: a technique for determining a proxy for the dynamics of networks," MPRA Paper 38026, University Library of Munich, Germany.
    25. Eddai, Nahed & Guerdjikova, Ani, 2023. "To mitigate or to adapt: How to deal with optimism, pessimism and strategic ambiguity?," Journal of Economic Behavior & Organization, Elsevier, vol. 211(C), pages 1-30.
    26. Marco Rojas & Damián Vergara, 2021. "Ambiguity and long-run cooperation in strategic games," Oxford Economic Papers, Oxford University Press, vol. 73(3), pages 1077-1098.
    27. T. Florian Kauffeldt & Boris R. Wiesenfarth, 2018. "Product Design Competition Under Different Degrees of Demand Ambiguity," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 53(2), pages 397-420, September.
    28. Takanori Adachi & Takao Asano, 2011. "Entrepreneurial Choice and Knightian Uncertainty with Borrowing Constraints," KIER Working Papers 803, Kyoto University, Institute of Economic Research.
    29. Kauffeldt, Florian & Wiesenfarth, Boris, 2014. "Confidence, Pessimism and their Impact on Product Differentiation in a Hotelling Model with Demand Location Uncertainty," Working Papers 0562, University of Heidelberg, Department of Economics.
    30. Adam Dominiak & Jean-Philippe Lefort, 2013. "Agreement theorem for neo-additive beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 1-13, January.
    31. Ludwig, Sandra & Nafziger, Julia, 2007. "Do You Know That I Am Biased? An Experiment," Bonn Econ Discussion Papers 11/2007, University of Bonn, Bonn Graduate School of Economics (BGSE).
    32. Dominiak, Adam & Eichberger, Jürgen, 2021. "Games in context: Equilibrium under ambiguity for belief functions," Games and Economic Behavior, Elsevier, vol. 128(C), pages 125-159.
    33. Pulford, Briony D. & Colman, Andrew M., 2007. "Ambiguous games: Evidence for strategic ambiguity aversion," MPRA Paper 86345, University Library of Munich, Germany.
    34. Carmela Di Mauro & Massimo Finocchiaro Castro, 2011. "Kindness, confusion, or … ambiguity?," Experimental Economics, Springer;Economic Science Association, vol. 14(4), pages 611-633, November.

  22. David Kelsey & Erkan Yalcin, 2004. "The Arbitrage Pricing Theorem with Incomplete Preferences," GE, Growth, Math methods 0401002, University Library of Munich, Germany.

    Cited by:

    1. Erkan Yalcin, 2002. "Existence of Equilibrium in Incomplete Markets with Non-Ordered Preferences," GE, Growth, Math methods 0204002, University Library of Munich, Germany.
    2. Tian, Dejian & Tian, Weidong, 2014. "Optimal risk-sharing under mutually singular beliefs," Mathematical Social Sciences, Elsevier, vol. 72(C), pages 41-49.
    3. Weixuan Xia, 2023. "Optimal Consumption--Investment Problems under Time-Varying Incomplete Preferences," Papers 2312.00266, arXiv.org.
    4. Bosi, Gianni & Herden, Gerhard, 2012. "Continuous multi-utility representations of preorders," Journal of Mathematical Economics, Elsevier, vol. 48(4), pages 212-218.
    5. Naqvi, Nadeem, 2010. "On Non-binary Personal Preferences in Society, Economic Theory and Racial Discrimination," MPRA Paper 21522, University Library of Munich, Germany.
    6. Vantaggi, Barbara, 2010. "Incomplete preferences on conditional random quantities: Representability by conditional previsions," Mathematical Social Sciences, Elsevier, vol. 60(2), pages 104-112, September.

  23. Grant, Simon & Eichberger, Jürgen & Kelsey, David, 2004. "CEU preferences and dynamic consistency," Papers 04-47, Sonderforschungsbreich 504.

    Cited by:

    1. Jürgen Eichberger & Simon Grant & David Kelsey, 2012. "When is Ambiguity-Attitude Constant?," CESifo Working Paper Series 3768, CESifo.
    2. Dominiak, Adam & Lefort, Jean-Philippe, 2009. "Unambiguous Events and Dynamic Choquet Preferences," Working Papers 0489, University of Heidelberg, Department of Economics.
    3. Eichberger, Jürgen & Grant, Simon & Lefort, Jean-Philippe, 2008. "Neo-additive capacities and updating," Papers 08-31, Sonderforschungsbreich 504.
    4. Spyros Galanis, 2021. "Dynamic consistency, valuable information and subjective beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(4), pages 1467-1497, June.
    5. Jurgen Eichberger & Simon Grant & David Kelsey, 2006. "Updating Choquet Beliefs," Discussion Papers 0607, University of Exeter, Department of Economics.
    6. Jürgen Eichberger & Simon Grant & David Kelsey, 2016. "Randomization and dynamic consistency," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 62(3), pages 547-566, August.
    7. André Lapied & Pascal Toquebeuf, 2009. "Consistent dynamic choice and non-expected utility preferences," Working Papers hal-00416214, HAL.
    8. Dominiak, Adam & Duersch, Peter & Lefort, Jean-Philippe, 2012. "A dynamic Ellsberg urn experiment," Games and Economic Behavior, Elsevier, vol. 75(2), pages 625-638.
    9. Roorda, Berend & Schumacher, J.M., 2007. "Time consistency conditions for acceptability measures, with an application to Tail Value at Risk," Insurance: Mathematics and Economics, Elsevier, vol. 40(2), pages 209-230, March.
    10. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    11. Heyen, Daniel, 2018. "Ambiguity aversion under maximum-likelihood updating," LSE Research Online Documents on Economics 80342, London School of Economics and Political Science, LSE Library.
    12. Christopher Boortz, 2016. "Irrational Exuberance and Herding in Financial Markets," SFB 649 Discussion Papers SFB649DP2016-016, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    13. André Lapied & Robert Kast, 2009. "Updating Choquet valuation and discounting information arrivals," Working Papers halshs-00410532, HAL.
    14. Alexander Ludwig & Alexander Zimper, 2004. "Investment Behavior under Ambiguity: The Case of Pessimistic Decision Makers," MEA discussion paper series 04060, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    15. Aliyev, Nihad & He, Xue-Zhong, 2023. "Ambiguous price formation," Journal of Mathematical Economics, Elsevier, vol. 106(C).
    16. Peter Klibanoff & Massimo Marinacci & Sujoy Mukerji, 2006. "Recursive Smooth Ambiguity Preferences," Carlo Alberto Notebooks 17, Collegio Carlo Alberto, revised 2008.
    17. Lapied, André & Toquebeuf, Pascal, 2012. "Dynamically consistent CEU preferences on f-convex events," Mathematical Social Sciences, Elsevier, vol. 63(3), pages 252-256.
    18. Dominiak, Adam, 2013. "Iterated Choquet expectations: A possibility result," Economics Letters, Elsevier, vol. 120(2), pages 155-159.
    19. Nihad Aliyev & Xue-Zhong He, 2017. "Ambiguous Market Making," Research Paper Series 383, Quantitative Finance Research Centre, University of Technology, Sydney.
    20. Spanjers, Willem, 2005. "Loss of confidence and currency crises," Economics Discussion Papers 2005-2, School of Economics, Kingston University London.
    21. Adam Dominiak & Jean-Philippe Lefort, 2013. "Agreement theorem for neo-additive beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 1-13, January.
    22. Chakravarty, Surajeet & Kelsey, David, 2015. "Sharing ambiguous risks," Journal of Mathematical Economics, Elsevier, vol. 56(C), pages 1-8.
    23. Daniel Heyen, 2018. "Ambiguity aversion under maximum-likelihood updating," Theory and Decision, Springer, vol. 84(3), pages 373-386, May.
    24. J. Ford & D. Kelsey & W. Pang, 2013. "Information and ambiguity: herd and contrarian behaviour in financial markets," Theory and Decision, Springer, vol. 75(1), pages 1-15, July.

  24. Bailey, Ralph W. & Eichberger, Jürgen & Kelsey, David, 2004. "Ambiguity and public good provision in large societies," Papers 04-54, Sonderforschungsbreich 504.

    Cited by:

    1. Simona Fabrizi & Steffen Lippert & Addison Pan & Matthew Ryan, 2022. "A theory of unanimous jury voting with an ambiguous likelihood," Theory and Decision, Springer, vol. 93(3), pages 399-425, October.
    2. Astrid Dannenberg & Andreas L�schel & Gabriele Paolacci & Christiane Reif & Alessandro Tavoni, 2011. "Coordination under threshold uncertainty in a public goods game," Working Papers 2011_20, Department of Economics, University of Venice "Ca' Foscari", revised Nov 2011.
    3. Sara le Roux & David Kelsey, 2015. "Dragon Slaying with Ambiguity: Theory and Experiments," Discussion Papers 1506, University of Exeter, Department of Economics.
    4. Kishishita, Daiki & Ozaki, Hiroyuki, 2020. "Public goods game with ambiguous threshold," Economics Letters, Elsevier, vol. 191(C).
    5. Kocherlakota, Narayana R. & Song, Yangwei, 2019. "Public goods with ambiguity in large economies," Journal of Economic Theory, Elsevier, vol. 182(C), pages 218-246.
    6. le Roux, Sara, 2020. "Climate change catastrophes and insuring decisions: A study in the presence of ambiguity," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 992-1002.
    7. Matteo M. Marini & Aurora García-Gallego & Luca Corazzini, 2018. "Communication in a threshold public goods game with ambiguity: Anomalies and regularities," Working Papers 2018/03, Economics Department, Universitat Jaume I, Castellón (Spain).
    8. Stauber, Ronald, 2019. "A strategic product for belief functions," Games and Economic Behavior, Elsevier, vol. 116(C), pages 38-64.
    9. Ronald Stauber, 2019. "A strategic product for belief functions," ANU Working Papers in Economics and Econometrics 2019-668, Australian National University, College of Business and Economics, School of Economics.
    10. Guha, Brishti, 2022. "Ambiguity aversion, group size, and deliberation: Costly information and decision accuracy," Journal of Economic Behavior & Organization, Elsevier, vol. 201(C), pages 115-133.

  25. Eichberger, Jürgen & Kelsey, David, 2003. "Sequential two-player games with ambiguity," Papers 03-27, Sonderforschungsbreich 504.

    Cited by:

    1. Eichberger, Jürgen & Grant, Simon & Lefort, Jean-Philippe, 2008. "Neo-additive capacities and updating," Papers 08-31, Sonderforschungsbreich 504.
    2. Stauber, Ronald, 2017. "Irrationality and ambiguity in extensive games," Games and Economic Behavior, Elsevier, vol. 102(C), pages 409-432.
    3. Eichberger, Jürgen & Kelsey, David, 2008. "Are the Treasures of Game Theory Ambiguous?," Sonderforschungsbereich 504 Publications 08-08, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    4. Eran Hanany & Peter Klibanoff & Sujoy Mukerji, 2020. "Incomplete Information Games with Ambiguity Averse Players," American Economic Journal: Microeconomics, American Economic Association, vol. 12(2), pages 135-187, May.
    5. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    6. Dominiak, Adam & Lee, Min Suk, 2017. "Coherent Dempster–Shafer equilibrium and ambiguous signals," Journal of Mathematical Economics, Elsevier, vol. 68(C), pages 42-54.
    7. Dominiak, Adam & Eichberger, Jürgen, 2021. "Games in context: Equilibrium under ambiguity for belief functions," Games and Economic Behavior, Elsevier, vol. 128(C), pages 125-159.
    8. Pulford, Briony D. & Colman, Andrew M., 2007. "Ambiguous games: Evidence for strategic ambiguity aversion," MPRA Paper 86345, University Library of Munich, Germany.
    9. Roman Kozhan, 2011. "Non-additive anonymous games," International Journal of Game Theory, Springer;Game Theory Society, vol. 40(2), pages 215-230, May.

  26. Eichberger, J. & Kelsey, D., 1995. "Uncertainty Aversion and Preferences for Randomisation," Department of Economics - Working Papers Series 476, The University of Melbourne.

    Cited by:

    1. Uwe Dulleck & Andreas Loffler, 2012. "μ-σ Games," NCER Working Paper Series 78, National Centre for Econometric Research.
      • Uwe Dulleck & Andreas Löffler, 2021. "μ – σ Games," Games, MDPI, vol. 12(1), pages 1-12, January.
    2. Klaus Nehring, "undated". "Capacities And Probabilistic Beliefs: A Precarious Coexistence," Department of Economics 97-08, California Davis - Department of Economics.
    3. Eichberger, Jürgen & Grant, Simon & Lefort, Jean-Philippe, 2008. "Neo-additive capacities and updating," Papers 08-31, Sonderforschungsbreich 504.
    4. Marinacci, Massimo, 2000. "Ambiguous Games," Games and Economic Behavior, Elsevier, vol. 31(2), pages 191-219, May.
    5. Jürgen Eichberger & Simon Grant & David Kelsey, 2016. "Randomization and dynamic consistency," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 62(3), pages 547-566, August.
    6. Casadesus-Masanell, Ramon & Klibanoff, Peter & Ozdenoren, Emre, 2000. "Maxmin Expected Utility over Savage Acts with a Set of Priors," Journal of Economic Theory, Elsevier, vol. 92(1), pages 35-65, May.
    7. Jurgen Eichberger & David Kelsey, 2006. "Optimism and Pessimism in Games," Discussion Papers 0605, University of Exeter, Department of Economics.
    8. Loic Berger & Louis Eeckhoudt, 2021. "Risk, ambiguity, and the value of diversification," Working Papers 2021-iRisk-02, IESEG School of Management.
    9. Evan Calford, 2017. "Uncertainty Aversion in Game Theory: Experimental Evidence," Purdue University Economics Working Papers 1291, Purdue University, Department of Economics.
    10. Christoph Kuzmics & Brian W. Rogers & Xiannong Zhang, 2019. "Is Ellsberg behavior evidence of ambiguity aversion?," Graz Economics Papers 2019-07, University of Graz, Department of Economics.
    11. David Kelsey & Sara Roux, 2015. "An experimental study on the effect of ambiguity in a coordination game," Theory and Decision, Springer, vol. 79(4), pages 667-688, December.
    12. GHIRARDATO, Paolo & LE BRETON, Michel, 2000. "Choquet rationality," LIDAM Reprints CORE 1447, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    13. Calford, Evan M., 2021. "Mixed strategies and preference for randomization in games with ambiguity averse agents," Journal of Economic Theory, Elsevier, vol. 197(C).
    14. Eichberger, Jürgen & Oechssler, Jörg & Schnedler, Wendelin, 2012. "How do people cope with an ambiguous situation when it becomes even more ambiguous?," Working Papers 0528, University of Heidelberg, Department of Economics.
    15. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    16. Schnedler, Wendelin & Dominiak, Adam, 2008. "Uncertainty aversion and preference for randomization," Papers 08-39, Sonderforschungsbreich 504.
    17. Antoine Bommier, 2014. "A Dual Approach to Ambiguity Aversion," CER-ETH Economics working paper series 14/207, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    18. Dominiak, Adam & Schnedler, Wendelin, 2010. "Attitudes towards Uncertainty and Randomization: An Experimental Study," Working Papers 0494, University of Heidelberg, Department of Economics.
    19. Larry Epstein, 1997. "Uncertainty Aversion," Working Papers epstein-97-01, University of Toronto, Department of Economics.
    20. Grant, Simon & Meneghel, Idione & Tourky, Rabee, 2016. "Savage games," Theoretical Economics, Econometric Society, vol. 11(2), May.
    21. Boff, Hugo Pedro & Werlang, Sergio Ribeiro da Costa, 1998. "Cournot Competition Under Knightian Uncertainty," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 18(2), November.
    22. Jürgen Eichberger & David Kelsey, 2004. "Sequential Two-Player Games With Ambiguity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1229-1261, November.
    23. Erick Delage & Daniel Kuhn & Wolfram Wiesemann, 2019. "“Dice”-sion–Making Under Uncertainty: When Can a Random Decision Reduce Risk?," Management Science, INFORMS, vol. 65(7), pages 3282-3301, July.
    24. Anand, Paul, 2001. "Procedural fairness in economic and social choice: Evidence from a survey of voters," Journal of Economic Psychology, Elsevier, vol. 22(2), pages 247-270, April.
    25. Jürgen Eichberger & David Kelsey, 1999. "E-Capacities and the Ellsberg Paradox," Theory and Decision, Springer, vol. 46(2), pages 107-138, April.
    26. Lo, Kin Chung, 1999. "Extensive Form Games with Uncertainty Averse Players," Games and Economic Behavior, Elsevier, vol. 28(2), pages 256-270, August.
    27. Eichberger, Jurgen & Kelsey, David, 2002. "Strategic Complements, Substitutes, and Ambiguity: The Implications for Public Goods," Journal of Economic Theory, Elsevier, vol. 106(2), pages 436-466, October.
    28. King Li, 2011. "Preference towards control in risk taking: Control, no control, or randomize?," Journal of Risk and Uncertainty, Springer, vol. 43(1), pages 39-63, August.
    29. Peter Klibanoff, 1998. "Stochastic Independence and Uncertainty Aversion," Discussion Papers 1212, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    30. Ghirardato, Paolo, 1995. "On Independence For Non-Additive Measures, With a Fubini Theorem," Working Papers 940, California Institute of Technology, Division of the Humanities and Social Sciences.
    31. Michael Magill & Klaus Nehring & Julian R. Betts, 2003. "Capacities And Probabilistic Beliefs: A Precarious Coexistence," Working Papers 263, University of California, Davis, Department of Economics.
    32. Stauber, Ronald, 2019. "A strategic product for belief functions," Games and Economic Behavior, Elsevier, vol. 116(C), pages 38-64.
    33. Oechssler, Jörg & Roomets, Alex, 2019. "Savage vs. Anscombe-Aumann: An experimental investigation of ambiguity frameworks," Working Papers 0672, University of Heidelberg, Department of Economics.
    34. Ghirardato, Paolo & Klibanoff, Peter & Marinacci, Massimo, 1998. "Additivity with multiple priors," Journal of Mathematical Economics, Elsevier, vol. 30(4), pages 405-420, November.
    35. Borie, Dino, 2023. "Maxmin expected utility in Savage's framework," Journal of Economic Theory, Elsevier, vol. 210(C).
    36. Ronald Stauber, 2019. "A strategic product for belief functions," ANU Working Papers in Economics and Econometrics 2019-668, Australian National University, College of Business and Economics, School of Economics.
    37. Chakravarty, Surajeet & Kelsey, David, 2015. "Sharing ambiguous risks," Journal of Mathematical Economics, Elsevier, vol. 56(C), pages 1-8.
    38. Oechssler, Jörg & Rau, Hannes & Roomets, Alex, 2016. "Hedging and Ambiguity," Working Papers 0621, University of Heidelberg, Department of Economics.
    39. Ramon Casadesus-Masanell & Peter Klibanoff & Emre Ozdenoren, 1998. "Maximum Expected Utility over Savage Acts with a Set of Priors," Discussion Papers 1218, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    40. Klaus Nehring, 2006. "Bernoulli Without Bayes: A Theory of Utility-Sophisticated Preferences under Ambiguity," Economics Working Papers 0072, Institute for Advanced Study, School of Social Science.
    41. Paolo Ghirardato & Daniele Pennesi, 2018. "A general theory of subjective mixtures," Carlo Alberto Notebooks 573, Collegio Carlo Alberto, revised 2020.
    42. Eichberger, Jurgen & Kelsey, David, 2000. "Non-Additive Beliefs and Strategic Equilibria," Games and Economic Behavior, Elsevier, vol. 30(2), pages 183-215, February.

  27. Frank Milne & David Kelsey, 1994. "Induced Preferences and Decision-Making Under Risk and Uncertainty," Working Paper 897, Economics Department, Queen's University.

    Cited by:

    1. Stephen Morris, 1997. "Risk, uncertainty and hidden information," Theory and Decision, Springer, vol. 42(3), pages 235-269, May.

  28. Eichberger, J. & Kelsey, D., 1994. "Non-additive beliefs and game theory," Discussion Paper 1994-10, Tilburg University, Center for Economic Research.

    Cited by:

    1. Ebbe Groes & Hans Jørgen Jacobsen & Birgitte Sloth & Torben Tranaes, 1998. "Nash Equilibrium with Lower Probabilities," Theory and Decision, Springer, vol. 44(1), pages 37-66, January.
    2. Werlang, Sérgio Ribeiro da Costa, 2000. "A notion of subgame perfect Nash equilibrium under knightian uncertainty," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 376, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    3. Benner, Dietrich, 2004. "Quality Ambiguity and the Market Mechanism for Credence Goods," Working Papers 98639, Universitaet Hohenheim, Institute of Agricultural Policy and Agricultural Markets.
    4. Bernt P. Stigum, 2000. "Rationality in Econometrics," Econometric Society World Congress 2000 Contributed Papers 0747, Econometric Society.
    5. Lo, Kin Chung, 2000. "Epistemic conditions for agreement and stochastic independence of [epsi]-contaminated beliefs," Mathematical Social Sciences, Elsevier, vol. 39(2), pages 207-234, March.
    6. Jürgen Eichberger & David Kelsey, 1999. "E-Capacities and the Ellsberg Paradox," Theory and Decision, Springer, vol. 46(2), pages 107-138, April.
    7. Lo, Kin Chung, 1999. "Extensive Form Games with Uncertainty Averse Players," Games and Economic Behavior, Elsevier, vol. 28(2), pages 256-270, August.
    8. Peter Klibanoff, 1998. "Stochastic Independence and Uncertainty Aversion," Discussion Papers 1212, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    9. Ghirardato, Paolo, 1995. "On Independence For Non-Additive Measures, With a Fubini Theorem," Working Papers 940, California Institute of Technology, Division of the Humanities and Social Sciences.
    10. Chenghu Ma, 2013. "Uncertainty Aversion and A Theory of Incomplete Contract," Working Papers 2013-10-14, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
    11. Kin Chung Lo, 1998. "Epistemic Conditions for Agreement and Stochastic Independence of epsilon-Contaminated Beliefs," Working Papers 1998_02, York University, Department of Economics.

  29. Kelsey, D. & Milne, F., 1990. "The Arbitrage Pricing Theorem with non Expected Utility Preferences," Papers 217, Australian National University - Department of Economics.

    Cited by:

    1. Erkan Yalcin, 2002. "Existence of Equilibrium in Incomplete Markets with Non-Ordered Preferences," GE, Growth, Math methods 0204002, University Library of Munich, Germany.
    2. Mukerji, S. & Tallon, J.-M., 1999. "Ambiguity Aversion and Incompleteness of Financial Markets," Papiers d'Economie Mathématique et Applications 1999-28, Université Panthéon-Sorbonne (Paris 1).
    3. Aldo Montesano, 2008. "Effects of Uncertainty Aversion on the Call Option Market," Theory and Decision, Springer, vol. 65(2), pages 97-123, September.
    4. Kelsey, David & Yalcin, Erkan, 2007. "The arbitrage pricing theorem with incomplete preferences," Mathematical Social Sciences, Elsevier, vol. 54(1), pages 90-105, July.
    5. Eichberger, Jürgen & Kelsey, David, 2007. "Ambiguity," Sonderforschungsbereich 504 Publications 07-50, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
      • Eichberger, Jürgen & Kelsey, David, 2007. "Ambiguity," Papers 07-50, Sonderforschungsbreich 504.
    6. Naqvi, Nadeem, 2012. "Why is the Workplace Racially Segregated by Occupation?," MPRA Paper 43352, University Library of Munich, Germany.
    7. Naqvi, Nadeem, 2012. "Impossibility of interpersonal social identity diversification under binary preferences," MPRA Paper 41365, University Library of Munich, Germany.

  30. Kelsey, D., 1990. "Maxmin Expected Utility and Weight of Evidence," Papers 216, Australian National University - Department of Economics.

    Cited by:

    1. Jurgen Eichberger & David Kelsey & Burkhard C. Schipper, 2005. "Ambiguity and Social Interaction," Discussion Papers 0504, University of Exeter, Department of Economics.
    2. Feduzi, Alberto, 2007. "On the relationship between Keynes's conception of evidential weight and the Ellsberg paradox," Journal of Economic Psychology, Elsevier, vol. 28(5), pages 545-565, October.
    3. Aldred, Jonathan, 2013. "Justifying precautionary policies: Incommensurability and uncertainty," Ecological Economics, Elsevier, vol. 96(C), pages 132-140.
    4. Stefan Trautmann, 2010. "Individual fairness in Harsanyi’s utilitarianism: operationalizing all-inclusive utility," Theory and Decision, Springer, vol. 68(4), pages 405-415, April.
    5. Marcello Basili & Carlo Zappia, 2007. "The weight of argument and non-additive measures: a note," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 003, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
    6. Basili, Marcello & Zappia, Carlo, 2009. "Keynes's "non-numerical" probabilities and non-additive measures," Journal of Economic Psychology, Elsevier, vol. 30(3), pages 419-430, June.
    7. Robert Shelburne, 2006. "A Utilitarian Welfare Analysis of Trade Liberalization," ECE Discussion Papers Series 2006_4, UNECE.
    8. Marcello Basili & Carlo Zappia, 2005. "Ambiguity and uncertainty in Ellsberg and Shackle," Department of Economics University of Siena 460, Department of Economics, University of Siena.
    9. Carlo Zappia, 2012. "Re-reading Keynes after the crisis: probability and decision," Department of Economics University of Siena 646, Department of Economics, University of Siena.
    10. Alberto Feduzi, 2010. "On Keynes's conception of the Weight of Evidence," Post-Print hal-00870185, HAL.
    11. Feduzi, Alberto, 2010. "On Keynes's conception of the weight of evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 76(2), pages 338-351, November.
    12. Eichberger, Jurgen & Kelsey, David, 2000. "Non-Additive Beliefs and Strategic Equilibria," Games and Economic Behavior, Elsevier, vol. 30(2), pages 183-215, February.

  31. Kelsey, D. & Nordquist, G.L., 1989. "A More General Measure Of Risk Aversion When Utility Is State-Dependent," Papers 177, Australian National University - Department of Economics.

    Cited by:

    1. Robert F. Nau, 2003. "A Generalization of Pratt-Arrow Measure to Nonexpected-Utility Preferences and Inseparable Probability and Utility," Management Science, INFORMS, vol. 49(8), pages 1089-1104, August.
    2. Robert Jarrow & Siguang Li, 2021. "Concavity, stochastic utility, and risk aversion," Finance and Stochastics, Springer, vol. 25(2), pages 311-330, April.
    3. Liqun Liu & Andrew Rettenmaier & Thomas Saving, 2009. "Conditional payments and self-protection," Journal of Risk and Uncertainty, Springer, vol. 38(2), pages 159-172, April.

Articles

  1. Chakravarty, Surajeet & Kelsey, David & Teitelbaum, Joshua C., 2022. "Reverse Bayesianism and act independence," Journal of Economic Theory, Elsevier, vol. 203(C).
    See citations under working paper version above.
  2. Bleichrodt, Han & Eichberger, Jürgen & Grant, Simon & Kelsey, David & Li, Chen, 2021. "Testing dynamic consistency and consequentialism under ambiguity," European Economic Review, Elsevier, vol. 134(C).
    See citations under working paper version above.
  3. David Kelsey & Tigran Melkonyan, 2018. "Contests with ambiguity," Oxford Economic Papers, Oxford University Press, vol. 70(4), pages 1148-1169.
    See citations under working paper version above.
  4. David Kelsey & Sara le Roux, 2018. "Strategic ambiguity and decision-making: an experimental study," Theory and Decision, Springer, vol. 84(3), pages 387-404, May.

    Cited by:

    1. Simplice Asongu & Oasis Kodila-Tedika, 2015. "Is Poverty in the African DNA (Gene)?," Working Papers of the African Governance and Development Institute. 15/011, African Governance and Development Institute..
    2. Boateng, Agyenim & Asongu, Simplice & Akamavi, Raphael & Tchamyou, Vanessa, 2016. "Information Asymmetry and Market Power in the African Banking Industry," MPRA Paper 75414, University Library of Munich, Germany.
    3. Asongu, Simplice A. & Ngoungou, Yolande E. & Nnanna, Joseph, 2023. "Mobile money innovations and health performance in sub-Saharan Africa," Technology in Society, Elsevier, vol. 74(C).
    4. Simplice A. Asongu & Nicholas M. Odhiambo, 2022. "The paradox of governance and natural resource rents in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 22/020, African Governance and Development Institute..
    5. Simplice A. Asongu, 2019. "FDI in Selected Developing Countries: Evidence from Bundling and Unbundling Governance," Research Africa Network Working Papers 19/057, Research Africa Network (RAN).
    6. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Insurance Policy Thresholds for Economic Growth in Africa," CEREDEC Working Papers 19/037, Centre de Recherche pour le Développement Economique (CEREDEC).
    7. Samba Diop & Simplice A. Asongu & Vanessa S. Tchamyou, 2021. "The Macroeconomic Impact of Recent Political Conflicts in Africa: Generalized Synthetic Counterfactual Evidence," Working Papers 21/060, European Xtramile Centre of African Studies (EXCAS).
    8. Simplice A. Asongu & Sara Le Roux & Pritam Singh, 2020. "Fighting terrorism in Africa: complementarity between inclusive development, military expenditure and political stability," Working Papers 20/004, European Xtramile Centre of African Studies (EXCAS).
    9. Simplice A. Asongu & Joseph Nnanna & Paul N. Acha-Anyi, 2020. "The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI," Research Africa Network Working Papers 20/056, Research Africa Network (RAN).
    10. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Financial Access, Governance and Insurance Sector Development in Sub-Saharan Africa," Research Africa Network Working Papers 19/044, Research Africa Network (RAN).
    11. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Governance, capital flight and industrialisation in Africa," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-22, December.
    12. Simplice A. Asongu & Ivo J. Leke, 2018. "Can foreign aid dampen the threat of terrorism to international trade? Evidence from 78 developing countries," Research Africa Network Working Papers 18/032, Research Africa Network (RAN).
    13. Simplice A. Asongu & Christelle Meniago & Raufhon Salahodjaev, 2021. "The role of value added across economic sectors in modulating the effects of FDI on TFP and economic growth dynamics," Research Africa Network Working Papers 21/088, Research Africa Network (RAN).
    14. Simplice A. Asongu & Jacinta Nwachukwu & Nicholas Biekpe, 2018. "Foreign Aid, Terrorism and Growth: Conditional Evidence from Quantile Regression," Research Africa Network Working Papers 18/045, Research Africa Network (RAN).
    15. Simplice A. Asongu & Mushfiqur Rahman & Mohammad Alghababsheh, 2022. "Information Technology, Business Sustainability and Female Economic Participation in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 22/057, African Governance and Development Institute..
    16. Nageri Kamaldeen Ibraheem, 2020. "Ease of Doing Business and Capital Market Development in a Demand Following Hypothesis: Evidence from ECOWAS," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 30(4), pages 24-54, December.
    17. Simplice Asongu & Joseph Amankwah-Amoah, 2017. "Mitigating capital flight through military expenditure: insight from 37 African countries," Working Papers of the African Governance and Development Institute. 17/029, African Governance and Development Institute..
    18. Simplice A. Asongu & Nicholas M. Odhiambo, 2023. "Health performance and economic growth in sub-Saharan Africa: new evidence based on quantile regressions," Working Papers of the African Governance and Development Institute. 23/029, African Governance and Development Institute..
    19. Simplice Asongu & Uchenna R. Efobi & Ibukun Beecroft, 2017. "Aid in Modulating the Impact of Terrorism on FDI: No Positive Thresholds, No Policy," Working Papers of the African Governance and Development Institute. 17/061, African Governance and Development Institute..
    20. Richard Adu-Gyamfi & John Kuada & Simplice Asongu, 2018. "An Integrative Framework for Entrepreneurship Research in Africa," Working Papers of the African Governance and Development Institute. 18/025, African Governance and Development Institute..
    21. König-Kersting, Christian & Kops, Christopher & Trautmann, Stefan T., 2023. "A test of (weak) certainty independence," Journal of Economic Theory, Elsevier, vol. 209(C).
    22. Simplice A. Asongu & Nicholas M. Odhiambo, 2018. "Human development thresholds for inclusive mobile banking in developing countries," African Journal of Science, Technology, Innovation and Development, Taylor & Francis Journals, vol. 10(6), pages 735-744, September.
    23. Simplice A. Asongu & Joseph Nnanna, 2020. "Governance and the Capital Flight Trap in Africa," Working Papers of the African Governance and Development Institute. 20/024, African Governance and Development Institute..
    24. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Foreign Direct Investment, Information Technology and Economic Growth Dynamics in Sub-Saharan Africa," Research Africa Network Working Papers 19/038, Research Africa Network (RAN).
    25. Pablo Bra~nas-Garza & Antonio Cabrales & Mar'ia Paz Espinosa & Diego Jorrat, 2022. "The effect of ambiguity in strategic environments: an experiment," Papers 2209.11079, arXiv.org.
    26. Simplice A. Asongu & Joel Hinaunye Eita, 2023. "Promoting renewable energy consumption in Sub-Saharan Africa: how capital flight crowds-out the favorable effect of foreign aid," Working Papers of the African Governance and Development Institute. 23/048, African Governance and Development Institute..
    27. Simplice A. Asongu & Nicholas M. Odhiambo, 2023. "Governance quality and trade performance in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 23/006, African Governance and Development Institute..
    28. Simplice A. Asongu & Nicholas M. Odhiambo, 2022. "The Comparative Economics of Globalisation and Governance in Sub-Saharan Africa," Working Papers 22/050, European Xtramile Centre of African Studies (EXCAS).
    29. Simplice A. Asongu, 2019. "Natural Resource Exports, Foreign Aid and Terrorism," Working Papers of the African Governance and Development Institute. 19/023, African Governance and Development Institute..
    30. Simplice A. Asongu & Jacinta C. Nwachukwu, 2016. "Welfare Spending and Quality of Growth in Developing Countries: A Note on Evidence from Hopefuls, Contenders and Best Performers," Research Africa Network Working Papers 16/028, Research Africa Network (RAN).
    31. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "The Arab Spring was Predictable in 2007: Empirics of Proof," Africagrowth Agenda, Africagrowth Institute, vol. 14(4), pages 4-7.
    32. Asongu, Simplice & Batuo, Enowbi & Nwachukwu, Jacinta & Tchamyou, Vanessa, 2016. "Is information diffusion a threat to market power for financial access? Insights from the African banking industry," MPRA Paper 76124, University Library of Munich, Germany.
    33. Simplice A. Asongu & Ibrahim D. Raheem & Vanessa S. Tchamyou, 2016. "Information Asymmetry and Financial Dollarization in Sub-Saharan Africa," Research Africa Network Working Papers 16/048, Research Africa Network (RAN).
    34. Asongu, Simplice & Amankwah-Amoah, Joseph, 2016. "Military expenditure, terrorism and capital flight: Insights from Africa," MPRA Paper 74230, University Library of Munich, Germany.
    35. Greiner, Ben, 2023. "Strategic uncertainty aversion in bargaining — Experimental evidence," Journal of Economic Psychology, Elsevier, vol. 95(C).
    36. Simplice Asongu & Sara Le Roux, 2016. "Reducing Information Asymmetry with ICT: A critical review of loan price and quantity effects in Africa," Working Papers of the African Governance and Development Institute. 16/024, African Governance and Development Institute..
    37. Simplice A. Asongu & Sara Le Roux & Vanessa S. Tchamyou, 2019. "Essential information sharing thresholds for reducing market power in financial access: a study of the African banking industry," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(1), pages 34-50, March.
    38. Asongu, Simplice & Odhiambo, Nicholas, 2018. "Testing the Quiet Life Hypothesis in the African Banking Industry," MPRA Paper 88525, University Library of Munich, Germany.
    39. Evan Calford, 2017. "Uncertainty Aversion in Game Theory: Experimental Evidence," Purdue University Economics Working Papers 1291, Purdue University, Department of Economics.
    40. Simplice Asongu, 2017. "The Effect of Reducing Information Asymmetry on Loan Price and Quantity in the African Banking Industry," Working Papers of the African Governance and Development Institute. 17/012, African Governance and Development Institute..
    41. Asongu, Simplice & Uduji, Joseph & Okolo-Obasi, Elda, 2019. "Foreign aid volatility and lifelong learning," MPRA Paper 102032, University Library of Munich, Germany.
    42. Simplice A. Asongu & Paul N. Acha-Anyi, 2020. "Enhancing ICT for Productivity in Sub-Saharan Africa: Thresholds for Complementary Policies," Working Papers 20/008, European Xtramile Centre of African Studies (EXCAS).
    43. Simplice A. Asongu & Joseph Nnanna & Vanessa S. Tchamyou, 2020. "Finance, Institutions and Private Investment in Africa," Working Papers of the African Governance and Development Institute. 20/080, African Governance and Development Institute..
    44. Asongu, Simplice & Biekpe, Nicholas, 2017. "ICT, Information Asymmetry and Market Power in the African Banking Industry," MPRA Paper 81702, University Library of Munich, Germany.
    45. Simplice A. Asongu & Rexon T. Nting & Evans S. Osabuohien, 2019. "One bad turn deserves another: how terrorism sustains the addiction to capital flight in Africa," Working Papers 19/015, European Xtramile Centre of African Studies (EXCAS).
    46. Simplice Asongu & Vanessa Tchamyou & Ndemaze Asongu & Nina Tchamyou, 2019. "Fighting terrorism in Africa: evidence from bundling and unbundling institutions," Empirical Economics, Springer, vol. 56(3), pages 883-933, March.
    47. Simplice Asongu & Oasis Kodila-Tedika, 2017. "Trade, aid and terror," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 16(1), pages 2-24, April.
    48. Mihaela Brindusa Tudose & Amalia Georgescu & Silvia Avasilcăi, 2023. "Global Analysis Regarding the Impact of Digital Transformation on Macroeconomic Outcomes," Sustainability, MDPI, vol. 15(5), pages 1-21, March.
    49. Asongu, Simplice & Nwachukwu, Jacinta, 2016. "Fighting Capital Flight in Africa: Evidence from Bundling and Unbundling Governance," MPRA Paper 77309, University Library of Munich, Germany.
    50. Asongu, Simplice & Odhiambo, Nicholas, 2018. "Challenges of Doing Business in Africa: A Systematic Review," MPRA Paper 92496, University Library of Munich, Germany, revised Feb 2019.
    51. Asongu, Simplice & Uduji, Joseph & Okolo-Obasi, Elda, 2019. "Fighting African Capital Flight: Trajectories, Dynamics and Tendencies," MPRA Paper 102034, University Library of Munich, Germany.
    52. Simplice A. Asongu & Thales P. Yapatake Kossele & Joseph Nnanna, 2021. "Not all that glitters is gold: political stability and trade in Sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 21/005, African Governance and Development Institute..
    53. Simplice A. Asongu & Joel Hinaunye Eita, 2023. "The conditional influence of poverty, inequality and severity of poverty on economic growth in Sub-Saharan Africa," Working Papers 23/022, European Xtramile Centre of African Studies (EXCAS).
    54. Li, Chen & Turmunkh, Uyanga & Wakker, Peter P., 2020. "Social and strategic ambiguity versus betrayal aversion," Games and Economic Behavior, Elsevier, vol. 123(C), pages 272-287.
    55. Evan M. Calford & Gregory DeAngelo, 2023. "Ambiguity and enforcement," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 304-338, April.
    56. Bao, Xing & Diabat, Ali & Zheng, Zhongliang, 2020. "An ambiguous manager's disruption decisions with insufficient data in recovery phase," International Journal of Production Economics, Elsevier, vol. 221(C).

  5. Surajeet Chakravarty & David Kelsey, 2017. "Ambiguity and Accident Law," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 19(1), pages 97-120, February.

    Cited by:

    1. Andrea Castellano & Fernando Tohmé & Omar O. Chisari, 2020. "Product liability under ambiguity," European Journal of Law and Economics, Springer, vol. 49(3), pages 473-487, June.
    2. Nicolas Lampach & Kene Boun My & Sandrine Spaeter, 2016. "Risk, Ambiguity and Efficient Liability Rules: An experiment," Working Papers of BETA 2016-30, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. Emy Lécuyer & Jean-Philippe Lefort, 2021. "Put–call parity and generalized neo-additive pricing rules," Theory and Decision, Springer, vol. 90(3), pages 521-542, May.
    4. Daiki Kishishita & Susumu Sato, 2021. "Optimal risk regulation of monopolists with subjective risk assessment," Journal of Regulatory Economics, Springer, vol. 59(3), pages 251-279, June.
    5. Luigi Alberto Franzoni, 2022. "Efficient liability law when parties genuinely disagree," Working Papers wp1176, Dipartimento Scienze Economiche, Universita' di Bologna.
    6. Nicolas Lampach & Sandrine Spaeter, 2016. "The Efficiency of (strict) Liability Rules revised in Risk and Ambiguity," Working Papers of BETA 2016-29, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    7. Surajeet Chakravarty & David Kelsey & Joshua C. Teitelbaum, 2018. "Tort Liability and Unawareness," Discussion Papers 1801, University of Exeter, Department of Economics.

  6. David Kelsey & Sara Le Roux, 2017. "Dragon Slaying with Ambiguity: Theory and Experiments," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 19(1), pages 178-197, February.
    See citations under working paper version above.
  7. Jürgen Eichberger & Simon Grant & David Kelsey, 2016. "Randomization and dynamic consistency," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 62(3), pages 547-566, August.
    See citations under working paper version above.
  8. David Kelsey & Sara Roux, 2015. "An experimental study on the effect of ambiguity in a coordination game," Theory and Decision, Springer, vol. 79(4), pages 667-688, December.
    See citations under working paper version above.
  9. Chakravarty, Surajeet & Kelsey, David, 2015. "Sharing ambiguous risks," Journal of Mathematical Economics, Elsevier, vol. 56(C), pages 1-8.

    Cited by:

    1. Jan Werner, 2021. "Participation in risk sharing under ambiguity," Theory and Decision, Springer, vol. 90(3), pages 507-519, May.
    2. Johannes G. Jaspersen & Richard Peter & Marc A. Ragin, 2023. "Probability weighting and insurance demand in a unified framework," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 48(1), pages 63-109, March.

  10. Jürgen Eichberger & David Kelsey, 2014. "Optimism And Pessimism In Games," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(2), pages 483-505, May.
    See citations under working paper version above.
  11. J. Ford & D. Kelsey & W. Pang, 2013. "Information and ambiguity: herd and contrarian behaviour in financial markets," Theory and Decision, Springer, vol. 75(1), pages 1-15, July.

    Cited by:

    1. Brice Corgnet & Roberto Hernán-Gonzalez & Praveen Kujal, 2018. "On Booms That Never Bust: Ambiguity in Experimental Asset Markets with Bubbles," Working Papers halshs-01898435, HAL.
    2. Lien, Donald & Yu, Chia-Feng (Jeffrey), 2017. "Production and hedging with optimism and pessimism under ambiguity," International Review of Economics & Finance, Elsevier, vol. 50(C), pages 122-135.
    3. Craig S. Webb, 2015. "Piecewise Additivity for Nonexpected Utility," Economics Discussion Paper Series 1503, Economics, The University of Manchester.
    4. Tarik Driouchi & Lenos Trigeorgis & Raymond H. Y. So, 2018. "Option implied ambiguity and its information content: Evidence from the subprime crisis," Annals of Operations Research, Springer, vol. 262(2), pages 463-491, March.
    5. Christopher Boortz, 2016. "Irrational Exuberance and Herding in Financial Markets," SFB 649 Discussion Papers SFB649DP2016-016, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    6. Aliyev, Nihad & He, Xue-Zhong, 2023. "Ambiguous price formation," Journal of Mathematical Economics, Elsevier, vol. 106(C).
    7. Roxane Bricet, 2018. "Precise versus imprecise datasets: revisiting ambiguity attitudes in the Ellsberg paradox," THEMA Working Papers 2018-08, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    8. Emy Lécuyer & Jean-Philippe Lefort, 2021. "Put–call parity and generalized neo-additive pricing rules," Theory and Decision, Springer, vol. 90(3), pages 521-542, May.
    9. Weihong Huang & Caiyan Yang & Ke Liu & Rui Min, 2023. "Information Acquisition Ability and Farmers’ Herd Behavior in Rice–Crayfish Coculture System Adoption," Agriculture, MDPI, vol. 13(10), pages 1-15, September.
    10. Nihad Aliyev & Xue-Zhong He, 2017. "Ambiguous Market Making," Research Paper Series 383, Quantitative Finance Research Centre, University of Technology, Sydney.
    11. Carfí, David & Musolino, Francesco, 2014. "Speculative and hedging interaction model in oil and U.S. dollar markets with financial transaction taxes," Economic Modelling, Elsevier, vol. 37(C), pages 306-319.

  12. Jürgen Eichberger & Simon Grant & David Kelsey, 2012. "When is ambiguity–attitude constant?," Journal of Risk and Uncertainty, Springer, vol. 45(3), pages 239-263, December.
    See citations under working paper version above.
  13. Eichberger, Jürgen & Grant, Simon & Kelsey, David & Koshevoy, Gleb A., 2011. "The [alpha]-MEU model: A comment," Journal of Economic Theory, Elsevier, vol. 146(4), pages 1684-1698, July.

    Cited by:

    1. Jürgen Eichberger & Simon Grant & David Kelsey, 2012. "When is Ambiguity-Attitude Constant?," CESifo Working Paper Series 3768, CESifo.
    2. David Kelsey & Tigran Melkonyan, 2018. "Contests with ambiguity," Oxford Economic Papers, Oxford University Press, vol. 70(4), pages 1148-1169.
    3. Sujoy Mukerji & Ian Jewitt, 2017. "Ordering Ambiguous Acts," Working Papers 828, Queen Mary University of London, School of Economics and Finance.
    4. Stergios Athanassoglou & Valentina Bosetti, 2015. "Setting Environmental Policy When Experts Disagree," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(4), pages 497-516, August.
    5. Jonas Hedlund & T. Florian Kauffeldt & Malte Lammert, 2021. "Persuasion under ambiguity," Theory and Decision, Springer, vol. 90(3), pages 455-482, May.
    6. Massimiliano Amarante, 2017. "Conditional expected utility," Theory and Decision, Springer, vol. 83(2), pages 175-193, August.
    7. Martin Dumav & Maxwell B. Stinchcombe, 2021. "The multiple priors of the open-minded decision maker," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(2), pages 663-692, March.
    8. Matthew Ryan, 2021. "Feddersen and Pesendorfer meet Ellsberg," Theory and Decision, Springer, vol. 90(3), pages 543-577, May.
    9. Peter Wakker, 2011. "Jaffray’s ideas on ambiguity," Theory and Decision, Springer, vol. 71(1), pages 11-22, July.

  14. Jürgen Eichberger & David Kelsey, 2011. "Are the treasures of game theory ambiguous?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 313-339, October.
    See citations under working paper version above.
  15. David Kelsey & Frank Milne, 2010. "Takeovers and cooperatives: governance and stability in non-corporate firms," Journal of Economics, Springer, vol. 99(3), pages 193-209, April.

    Cited by:

    1. Marco, Marini & Alberto, Zevi, 2010. "'Just one of us': Consumers playing oligopoly in mixed markets," MPRA Paper 31213, University Library of Munich, Germany, revised 30 May 2011.
    2. Marco Marini & Paolo Polidori & Desiree Teobaldelli & Alberto Zevi, 2014. "Welfare enhancing coordination in consumer cooperatives under mixed oligopoly," DIAG Technical Reports 2014-10, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".

  16. David Kelsey & Roman Kozhan & Wei Pang, 2010. "Asymmetric Momentum Effects Under Uncertainty," Review of Finance, European Finance Association, vol. 15(3), pages 603-631.

    Cited by:

    1. Asano, Takao & Osaki, Yusuke, 2021. "Optimal investment under ambiguous technology shocks," European Journal of Operational Research, Elsevier, vol. 293(1), pages 304-311.
    2. Tarik Driouchi & Lenos Trigeorgis & Raymond H. Y. So, 2018. "Option implied ambiguity and its information content: Evidence from the subprime crisis," Annals of Operations Research, Springer, vol. 262(2), pages 463-491, March.
    3. Antoniou, Constantinos & Harris, Richard D.F. & Zhang, Ruogu, 2015. "Ambiguity aversion and stock market participation: An empirical analysis," Journal of Banking & Finance, Elsevier, vol. 58(C), pages 57-70.
    4. Mohamed S. Ahmed & John A. Doukas, 2021. "Revisiting disposition effect and momentum: a quantile regression perspective," Review of Quantitative Finance and Accounting, Springer, vol. 56(3), pages 1087-1128, April.
    5. Illeditsch, PK & Ganguli, J & Condie, S, 2015. "Information Inertia," Economics Discussion Papers 15615, University of Essex, Department of Economics.
    6. Flavia Barsotti, 2012. "Optimal Capital Structure with Endogenous Default and Volatility Risk," Working Papers - Mathematical Economics 2012-02, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    7. J. Ford & D. Kelsey & W. Pang, 2013. "Information and ambiguity: herd and contrarian behaviour in financial markets," Theory and Decision, Springer, vol. 75(1), pages 1-15, July.
    8. P. Simmons & N. Tantisantiwong, 2014. "Equilibrium moment restrictions on asset returns: normal and crisis periods," The European Journal of Finance, Taylor & Francis Journals, vol. 20(11), pages 1064-1089, November.
    9. Takao Asano & Yusuke Osaki, 2020. "Portfolio allocation problems between risky and ambiguous assets," Annals of Operations Research, Springer, vol. 284(1), pages 63-79, January.

  17. Eichberger, Jürgen & Grant, Simon & Kelsey, David, 2010. "Comparing three ways to update Choquet beliefs," Economics Letters, Elsevier, vol. 107(2), pages 91-94, May.

    Cited by:

    1. Jürgen Eichberger & Simon Grant & David Kelsey, 2012. "When is Ambiguity-Attitude Constant?," CESifo Working Paper Series 3768, CESifo.
    2. Pascal Toquebeuf, 2013. "The value of information with neo-additive beliefs," Post-Print hal-01123000, HAL.
    3. Giraud, Raphaël & Thomas, Lionel, 2017. "Ambiguity, optimism, and pessimism in adverse selection models," Journal of Economic Theory, Elsevier, vol. 171(C), pages 64-100.
    4. Konstantinos Georgalos, 2019. "An experimental test of the predictive power of dynamic ambiguity models," Journal of Risk and Uncertainty, Springer, vol. 59(1), pages 51-83, August.
    5. Eichberger, Jürgen & Grant, Simon & Lefort, Jean-Philippe, 2008. "Neo-additive capacities and updating," Papers 08-31, Sonderforschungsbreich 504.
    6. Luca Rigotti & Matthew Ryan & Rhema Vaithianathan, 2016. "Throwing good money after bad," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 39(2), pages 175-202, November.
    7. Gérard Mondello, 2023. "Information Source's Reliability," GREDEG Working Papers 2023-18, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    8. Stauber, Ronald, 2017. "Irrationality and ambiguity in extensive games," Games and Economic Behavior, Elsevier, vol. 102(C), pages 409-432.
    9. Frick, Mira & Iijima, Ryota & Le Yaouanq, Yves, 2020. "Objective Rationality Foundations for (Dynamic) α-MEU," Rationality and Competition Discussion Paper Series 252, CRC TRR 190 Rationality and Competition.
    10. Ludwig, Alexander & Zimper, Alexander, 2007. "A parsimonious model of subjective life expectancy," Papers 07-65, Sonderforschungsbreich 504.
    11. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    12. Gérard Mondello, 2021. "Uncertainty And Information Sources' Reliability," Working Papers halshs-03502603, HAL.
    13. Christopher Boortz, 2016. "Irrational Exuberance and Herding in Financial Markets," SFB 649 Discussion Papers SFB649DP2016-016, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    14. Aliyev, Nihad & He, Xue-Zhong, 2023. "Ambiguous price formation," Journal of Mathematical Economics, Elsevier, vol. 106(C).
    15. Dmitri Vinogradov & Yousef Makhlouf, 2021. "Signaling probabilities in ambiguity: who reacts to vague news?," Theory and Decision, Springer, vol. 90(3), pages 371-404, May.
    16. Dominiak, Adam & Eichberger, Jürgen & Lefort, Jean-Philippe, 2012. "Agreeable trade with optimism and pessimism," Mathematical Social Sciences, Elsevier, vol. 64(2), pages 119-126.
    17. Matthew Ryan, 2021. "Feddersen and Pesendorfer meet Ellsberg," Theory and Decision, Springer, vol. 90(3), pages 543-577, May.
    18. Georgalos, Konstantinos, 2021. "Dynamic decision making under ambiguity: An experimental investigation," Games and Economic Behavior, Elsevier, vol. 127(C), pages 28-46.
    19. Aurélien Baillon & Han Bleichrodt & Umut Keskin & Olivier l’Haridon & Chen Li, 2018. "The Effect of Learning on Ambiguity Attitudes," Management Science, INFORMS, vol. 64(5), pages 2181-2198, May.
    20. Nihad Aliyev & Xue-Zhong He, 2017. "Ambiguous Market Making," Research Paper Series 383, Quantitative Finance Research Centre, University of Technology, Sydney.
    21. Adam Dominiak & Jean-Philippe Lefort, 2013. "Agreement theorem for neo-additive beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 1-13, January.
    22. Bartsch, Zachary, 2019. "Economic policy uncertainty and dollar-pound exchange rate return volatility," Journal of International Money and Finance, Elsevier, vol. 98(C), pages 1-1.
    23. Aurélien Baillon & Han Bleichrodt & Umut Keskin & Olivier L'Haridon & Author-Name: Chen Li, 2013. "Learning under ambiguity: An experiment using initial public offerings on a stock market," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201331, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    24. Bao, Xing & Diabat, Ali & Zheng, Zhongliang, 2020. "An ambiguous manager's disruption decisions with insufficient data in recovery phase," International Journal of Production Economics, Elsevier, vol. 221(C).

  18. Jürgen Eichberger & David Kelsey & Burkhard C. Schipper, 2009. "Ambiguity and social interaction," Oxford Economic Papers, Oxford University Press, vol. 61(2), pages 355-379, April.
    See citations under working paper version above.
  19. Jürgen Eichberger & Simon Grant & David Kelsey, 2008. "Differentiating ambiguity: an expository note," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(2), pages 327-336, August.

    Cited by:

    1. Beißner, Patrick & Khan, M. Ali, 2019. "On Hurwicz–Nash equilibria of non-Bayesian games under incomplete information," Games and Economic Behavior, Elsevier, vol. 115(C), pages 470-490.
    2. Tigran Melkonyan & Mark Pingle, 2010. "Ambiguity, pessimism, and rational religious choice," Theory and Decision, Springer, vol. 69(3), pages 417-438, September.
    3. Broll, Udo & Wong, Kit Pong, 2014. "Ambiguity and the incentive to export," Dresden Discussion Paper Series in Economics 01/14, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    4. Jörg Stoye, 2011. "Statistical decisions under ambiguity," Theory and Decision, Springer, vol. 70(2), pages 129-148, February.
    5. Peter Klibanoff & Sujoy Mukerji & Kyoungwon Seo & Lorenzo Staca, 2021. "Foundations of ambiguity models under symmetry: α-MEU and smooth ambiguity," Working Papers 922, Queen Mary University of London, School of Economics and Finance.
    6. Sujoy Mukerji & Peter Klibanoff and Kyoungwon Seo, 2011. "Relevance and Symmetry," Economics Series Working Papers 539, University of Oxford, Department of Economics.
    7. Craig Webb, 2013. "Bargaining with subjective mixtures," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 15-39, January.
    8. Adam Dominiak & Jean-Philippe Lefort, 2013. "Agreement theorem for neo-additive beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 1-13, January.
    9. Eichberger, Jürgen & Grant, Simon & Kelsey, David & Koshevoy, Gleb A., 2011. "The [alpha]-MEU model: A comment," Journal of Economic Theory, Elsevier, vol. 146(4), pages 1684-1698, July.

  20. Jürgen Eichberger & David Kelsey & Burkhard Schipper, 2008. "Granny Versus Game Theorist: Ambiguity in Experimental Games," Theory and Decision, Springer, vol. 64(2), pages 333-362, March.
    See citations under working paper version above.
  21. David Kelsey & Frank Milne, 2008. "Imperfect Competition and Corporate Governance," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(6), pages 1115-1141, December.
    See citations under working paper version above.
  22. Eichberger, Jurgen & Grant, Simon & Kelsey, David, 2007. "Updating Choquet beliefs," Journal of Mathematical Economics, Elsevier, vol. 43(7-8), pages 888-899, September.
    See citations under working paper version above.
  23. Kelsey, David & Yalcin, Erkan, 2007. "The arbitrage pricing theorem with incomplete preferences," Mathematical Social Sciences, Elsevier, vol. 54(1), pages 90-105, July.
    See citations under working paper version above.
  24. David Kelsey & Frank Milne, 2006. "Externalities, monopoly and the objective function of the firm," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 565-589, November.
    See citations under working paper version above.
  25. Eichberger, Jurgen & Grant, Simon & Kelsey, David, 2005. "CEU preferences and dynamic consistency," Mathematical Social Sciences, Elsevier, vol. 49(2), pages 143-151, March.
    See citations under working paper version above.
  26. Ralph W. Bailey & Jürgen Eichberger & David Kelsey, 2005. "Ambiguity and Public Good Provision in Large Societies," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 7(5), pages 741-759, December.
    See citations under working paper version above.
  27. David Kelsey & Willy Spanjers, 2004. "Ambiguity in Partnerships," Economic Journal, Royal Economic Society, vol. 114(497), pages 528-546, July.

    Cited by:

    1. Genda, Yuji & Heckel, Markus & Kambayashi, Ryo, 2019. "Employees who do not know their labour contract term and the implications for working conditions: Evidence from Japanese and Spanish microdata," Japan and the World Economy, Elsevier, vol. 49(C), pages 95-104.
    2. Agliardi, Elettra & Agliardi, Rossella & Spanjers, Willem, 2016. "Corporate financing decisions under ambiguity: Pecking order and liquidity policy implications," Journal of Business Research, Elsevier, vol. 69(12), pages 6012-6020.
    3. Sass, Linda, 2014. "Kuhn's Theorem for Extensive Form Ellsberg Games," Center for Mathematical Economics Working Papers 478, Center for Mathematical Economics, Bielefeld University.
    4. Rossella Agliardi, 2017. "Asymmetric Choquet random walks and ambiguity aversion or seeking," Theory and Decision, Springer, vol. 83(4), pages 591-602, December.
    5. Singer, Marcos & Donoso, Patricio & Rodríguez-Sickert, Carlos, 2008. "A static model of cooperation for group-based incentive plans," International Journal of Production Economics, Elsevier, vol. 115(2), pages 492-501, October.
    6. Grace C. Liu & Willem Spanjers, 2023. "Modeling Uncertainties and Gender Differences in Entrepreneurial Decision Making," Working Paper series 23-15, Rimini Centre for Economic Analysis.
    7. Christian Bauer, 2012. "Products of non-additive measures: a Fubini-like theorem," Theory and Decision, Springer, vol. 73(4), pages 621-647, October.
    8. Takanori Adachi & Takao Asano, 2011. "Entrepreneurial Choice and Knightian Uncertainty with Borrowing Constraints," KIER Working Papers 803, Kyoto University, Institute of Economic Research.
    9. Spanjers, Willem, 2005. "Loss of confidence and currency crises," Economics Discussion Papers 2005-2, School of Economics, Kingston University London.
    10. Marcelo Sánchez, 2013. "On the Limits of Transparency: The Role of Imperfect Central Bank Knowledge," International Finance, Wiley Blackwell, vol. 16(2), pages 245-271, June.

  28. Jürgen Eichberger & David Kelsey, 2004. "Sequential Two-Player Games With Ambiguity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1229-1261, November.
    See citations under working paper version above.
  29. Eichberger, Jurgen & Kelsey, David, 2002. "Strategic Complements, Substitutes, and Ambiguity: The Implications for Public Goods," Journal of Economic Theory, Elsevier, vol. 106(2), pages 436-466, October.

    Cited by:

    1. David Kelsey & Tigran Melkonyan, 2018. "Contests with ambiguity," Oxford Economic Papers, Oxford University Press, vol. 70(4), pages 1148-1169.
    2. Eichberger, Jürgen & Grant, Simon & Lefort, Jean-Philippe, 2008. "Neo-additive capacities and updating," Papers 08-31, Sonderforschungsbreich 504.
    3. Francisca Jiménez-Jiménez & Javier Rodero Cosano, 2021. "Experimental cheap talk games: strategic complementarity and coordination," Theory and Decision, Springer, vol. 91(2), pages 235-263, September.
    4. Jurgen Eichberger & Simon Grant & David Kelsey, 2006. "Updating Choquet Beliefs," Discussion Papers 0607, University of Exeter, Department of Economics.
    5. Billette de Villemeur, Etienne & Cea-Echenique, Sebastián & Cuevas, Conrado, 2022. "Revisiting the impact of uncertainty in the private provision of public goods," MPRA Paper 114888, University Library of Munich, Germany.
    6. Sujoy Mukerji & Jean-Marc Tallon, 2004. "An overview of economic applications of David Schmeidler's models of decision making under uncertainty," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00502534, HAL.
    7. Cosmin L. Ilut & Martin Schneider, 2022. "Modeling Uncertainty as Ambiguity: a Review," NBER Working Papers 29915, National Bureau of Economic Research, Inc.
    8. Astrid Dannenberg & Andreas L�schel & Gabriele Paolacci & Christiane Reif & Alessandro Tavoni, 2011. "Coordination under threshold uncertainty in a public goods game," Working Papers 2011_20, Department of Economics, University of Venice "Ca' Foscari", revised Nov 2011.
    9. Pablo Bra~nas-Garza & Antonio Cabrales & Mar'ia Paz Espinosa & Diego Jorrat, 2022. "The effect of ambiguity in strategic environments: an experiment," Papers 2209.11079, arXiv.org.
    10. Sara le Roux & David Kelsey, 2015. "Dragon Slaying with Ambiguity: Theory and Experiments," Discussion Papers 1506, University of Exeter, Department of Economics.
    11. Burkhard C. Schipper, 2019. "The Evolutionary Stability of Optimism, Pessimism, and Complete Ignorance," Working Papers 334, University of California, Davis, Department of Economics.
    12. Kishishita, Daiki & Ozaki, Hiroyuki, 2020. "Public goods game with ambiguous threshold," Economics Letters, Elsevier, vol. 191(C).
    13. Jurgen Eichberger & David Kelsey, 2006. "Optimism and Pessimism in Games," Discussion Papers 0605, University of Exeter, Department of Economics.
    14. Nahed Eddai & Ani Guerdjikova, 2021. "To mitigate or to adapt: how to deal with optimism, pessimism and strategic ambiguity?," Working Papers hal-03590990, HAL.
    15. Eichberger, Jürgen & Kelsey, David, 2008. "Are the Treasures of Game Theory Ambiguous?," Sonderforschungsbereich 504 Publications 08-08, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    16. David Kelsey & Sara Roux, 2015. "An experimental study on the effect of ambiguity in a coordination game," Theory and Decision, Springer, vol. 79(4), pages 667-688, December.
    17. Péter Bayer & Ani Guerdjikova, 2020. "Optimism leads to optimality: Ambiguity in network formation," Working Papers hal-03005107, HAL.
    18. Tamai, Toshiki, 2018. "Dynamic provision of public goods under uncertainty," Economic Modelling, Elsevier, vol. 68(C), pages 409-415.
    19. Kocherlakota, Narayana R. & Song, Yangwei, 2019. "Public goods with ambiguity in large economies," Journal of Economic Theory, Elsevier, vol. 182(C), pages 218-246.
    20. Evren, Özgür, 2019. "Recursive non-expected utility: Connecting ambiguity attitudes to risk preferences and the level of ambiguity," Games and Economic Behavior, Elsevier, vol. 114(C), pages 285-307.
    21. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    22. Jürgen Eichberger & David Kelsey, 2004. "Sequential Two-Player Games With Ambiguity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1229-1261, November.
    23. Eichberger, Jürgen & Kelsey, David H. & Schipper, Burkhard C., 2006. "Granny versus Game Theorst: Ambiguity in Experimental Games," Bonn Econ Discussion Papers 17/2006, University of Bonn, Bonn Graduate School of Economics (BGSE).
    24. Singer, Marcos & Donoso, Patricio & Rodríguez-Sickert, Carlos, 2008. "A static model of cooperation for group-based incentive plans," International Journal of Production Economics, Elsevier, vol. 115(2), pages 492-501, October.
    25. le Roux, Sara, 2020. "Climate change catastrophes and insuring decisions: A study in the presence of ambiguity," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 992-1002.
    26. Jo Laban Peryman & David Kelsey, 2015. "Cultural Norms and Identity in Coordination Games," Discussion Papers 1505, University of Exeter, Department of Economics.
    27. Frédéric Koessler & Marieke Pahlke, 2023. "Feedback Design in Strategic-Form Games with Ambiguity Averse Players," PSE Working Papers halshs-04039083, HAL.
    28. Matteo M. Marini & Aurora García-Gallego & Luca Corazzini, 2018. "Communication in a threshold public goods game with ambiguity: Anomalies and regularities," Working Papers 2018/03, Economics Department, Universitat Jaume I, Castellón (Spain).
    29. Eddai, Nahed & Guerdjikova, Ani, 2023. "To mitigate or to adapt: How to deal with optimism, pessimism and strategic ambiguity?," Journal of Economic Behavior & Organization, Elsevier, vol. 211(C), pages 1-30.
    30. David Kelsey & Sara le Roux, 2018. "Strategic ambiguity and decision-making: an experimental study," Theory and Decision, Springer, vol. 84(3), pages 387-404, May.
    31. Spanjers, Willem, 2005. "Loss of confidence and currency crises," Economics Discussion Papers 2005-2, School of Economics, Kingston University London.
    32. Dominiak, Adam & Eichberger, Jürgen, 2021. "Games in context: Equilibrium under ambiguity for belief functions," Games and Economic Behavior, Elsevier, vol. 128(C), pages 125-159.
    33. Hiroaki Sakamoto, 2014. "Public Bads, Heterogeneous Beliefs, and the Value of Information," Discussion papers e-13-009, Graduate School of Economics Project Center, Kyoto University.
    34. Guha, Brishti, 2022. "Ambiguity aversion, group size, and deliberation: Costly information and decision accuracy," Journal of Economic Behavior & Organization, Elsevier, vol. 201(C), pages 115-133.
    35. Joanne Peryman & David Kelsey, 2021. "Ambiguity when playing coordination games across cultures," Theory and Decision, Springer, vol. 90(3), pages 485-505, May.
    36. Carmela Di Mauro & Massimo Finocchiaro Castro, 2011. "Kindness, confusion, or … ambiguity?," Experimental Economics, Springer;Economic Science Association, vol. 14(4), pages 611-633, November.
    37. Shadmehr, Mehdi, 2015. "Extremism in revolutionary movements," Games and Economic Behavior, Elsevier, vol. 94(C), pages 97-121.

  30. Eichberger, Jurgen & Kelsey, David, 2000. "Non-Additive Beliefs and Strategic Equilibria," Games and Economic Behavior, Elsevier, vol. 30(2), pages 183-215, February.

    Cited by:

    1. David Kelsey & Tigran Melkonyan, 2018. "Contests with ambiguity," Oxford Economic Papers, Oxford University Press, vol. 70(4), pages 1148-1169.
    2. Vinogradov, Dmitri, 2012. "Destructive effects of constructive ambiguity in risky times," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1459-1481.
    3. Claudio Mezzetti & Ludovic Renou, 2009. "Implementation in Mixed Nash Equilibrium," The Warwick Economics Research Paper Series (TWERPS) 902, University of Warwick, Department of Economics.
    4. Bram Driesen & Andrés Perea & Hans Peters, 2010. "On Loss Aversion in Bimatrix Games," Theory and Decision, Springer, vol. 68(4), pages 367-391, April.
    5. Alain Chateauneuf & Jürgen Eichberger & Simon Grant, 2007. "Choice under uncertainty with the best and worst in mind: neo-additive capacities," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00271279, HAL.
    6. Jurgen Eichberger & David Kelsey & Burkhard C. Schipper, 2005. "Ambiguity and Social Interaction," Discussion Papers 0504, University of Exeter, Department of Economics.
    7. Giuseppe De Marco, 2016. "Ambiguous Games without a State Space and Full Rationality," CSEF Working Papers 425, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Apr 2017.
    8. David Dequech, 2006. "Towards An Alternative To The Game-Theoretic Concept Of Conventions," Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting] 77, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    9. Marinacci, Massimo, 2000. "Ambiguous Games," Games and Economic Behavior, Elsevier, vol. 31(2), pages 191-219, May.
    10. Giuseppe De Marco, 2019. "On the convexity of preferences in decisions and games under (quasi-)convex/concave imprecise probability correspondences," CSEF Working Papers 523, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    11. Jurgen Eichberger & Simon Grant & David Kelsey, 2006. "Updating Choquet Beliefs," Discussion Papers 0607, University of Exeter, Department of Economics.
    12. Burkhard C. Schipper, 2019. "The Evolutionary Stability of Optimism, Pessimism, and Complete Ignorance," Working Papers 334, University of California, Davis, Department of Economics.
    13. Aflaki, Sam, 2013. "The effect of environmental uncertainty on the tragedy of the commons," Games and Economic Behavior, Elsevier, vol. 82(C), pages 240-253.
    14. Yasunori Okumura, 2021. "Rank-dominant strategy and sincere voting," Theory and Decision, Springer, vol. 90(1), pages 117-145, February.
    15. Giuseppe De Marco & Maria Romaniello, 2013. "On the Stability of Equilibria in Incomplete Information Games under Ambiguity," CSEF Working Papers 332, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    16. Zimper, Alexander, 2004. "On the Existence of Strategic Solutions for Games with Security- and Potential Level Players," Sonderforschungsbereich 504 Publications 04-04, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    17. Lo, Kin Chung, 2006. "Agreement and stochastic independence of belief functions," Mathematical Social Sciences, Elsevier, vol. 51(1), pages 1-22, January.
    18. Basili, Marcello & Chateauneuf, Alain & Fontini, Fulvio, 2008. "Precautionary principle as a rule of choice with optimism on windfall gains and pessimism on catastrophic losses," Ecological Economics, Elsevier, vol. 67(3), pages 485-491, October.
    19. David Kelsey & Wei Pang, 2010. "How productive is optimism? the Impact of ambiguity on the "big push"," Economics Bulletin, AccessEcon, vol. 30(1), pages 855-865.
    20. P Battigalli & S Cerreia-Vioglio & F Maccheroni & M Marinacci, 2012. "Selfconfirming Equilibrium and Model Uncertainty," Levine's Working Paper Archive 786969000000000376, David K. Levine.
    21. Albers, Leif, 2017. "Feasible Beliefs in Noncooperative Games," Center for Mathematical Economics Working Papers 352, Center for Mathematical Economics, Bielefeld University.
    22. Philippe Bich, 2016. "Prudent Equilibria and Strategic Uncertainty in Discontinuous Games," Working Papers halshs-01337293, HAL.
    23. Gaurab Aryal & Ronald Stauber, 2014. "Trembles in extensive games with ambiguity averse players," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 57(1), pages 1-40, September.
    24. Stauber, Ronald, 2017. "Irrationality and ambiguity in extensive games," Games and Economic Behavior, Elsevier, vol. 102(C), pages 409-432.
    25. Giuseppe De Marco & Maria Romaniello & Alba Roviello, 2022. "On Hurwicz Preferences in Psychological Games," CSEF Working Papers 659, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    26. Kin Chung Lo, 2007. "Correlated Nash Equilibrium," Working Papers 2007_5, York University, Department of Economics.
    27. Evan Calford, 2017. "Uncertainty Aversion in Game Theory: Experimental Evidence," Purdue University Economics Working Papers 1291, Purdue University, Department of Economics.
    28. Giuseppe De Marco & Maria Romaniello, 2014. "Variational Preferences and Equilibria in Games under Ambiguous Beliefs Correspondences," CSEF Working Papers 363, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    29. Eichberger, Jürgen & Kelsey, David, 2008. "Are the Treasures of Game Theory Ambiguous?," Sonderforschungsbereich 504 Publications 08-08, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    30. David Kelsey & Sara Roux, 2015. "An experimental study on the effect of ambiguity in a coordination game," Theory and Decision, Springer, vol. 79(4), pages 667-688, December.
    31. Atsushi Kajii & Takashi Ui, 2005. "Incomplete Information Games With Multiple Priors," The Japanese Economic Review, Japanese Economic Association, vol. 56(3), pages 332-351, September.
    32. Péter Bayer & Ani Guerdjikova, 2020. "Optimism leads to optimality: Ambiguity in network formation," Working Papers hal-03005107, HAL.
    33. Lo, Kin Chung, 2002. "Correlated equilibrium under uncertainty," Mathematical Social Sciences, Elsevier, vol. 44(2), pages 183-209, November.
    34. Dominiak, Adam & Duersch, Peter, 2015. "Benevolent and Malevolent Ellsberg Games," Working Papers 0592, University of Heidelberg, Department of Economics.
    35. Diamantaras, Dimitrios & Gilles, Robert P., 2011. "Ambiguity, social opinion and the use of common property resources," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 210-222.
    36. Eran Hanany & Peter Klibanoff & Sujoy Mukerji, 2020. "Incomplete Information Games with Ambiguity Averse Players," American Economic Journal: Microeconomics, American Economic Association, vol. 12(2), pages 135-187, May.
    37. Bich, Philippe, 2019. "Strategic uncertainty and equilibrium selection in discontinuous games," Journal of Economic Theory, Elsevier, vol. 183(C), pages 786-822.
    38. Muraviev, Igor & Riedel, Frank & Sass, Linda, 2017. "Kuhn’s Theorem for extensive form Ellsberg games," Journal of Mathematical Economics, Elsevier, vol. 68(C), pages 26-41.
    39. Giuseppe De Marco & Maria Romaniello, 2015. "On Games and Equilibria with Coherent Lower Expectations," CSEF Working Papers 397, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    40. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    41. Giuseppe De Marco & Maria Romaniello, 2011. "A Limit Theorem for Equilibria under Ambiguous Beliefs Correspondences," CSEF Working Papers 299, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    42. Marcello Basili & Carlo Zappia, 2009. "Shackle And Modern Decision Theory," Metroeconomica, Wiley Blackwell, vol. 60(2), pages 245-282, May.
    43. Christopher Boortz, 2016. "Irrational Exuberance and Herding in Financial Markets," SFB 649 Discussion Papers SFB649DP2016-016, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    44. Schnedler, Wendelin & Dominiak, Adam, 2008. "Uncertainty aversion and preference for randomization," Papers 08-39, Sonderforschungsbreich 504.
    45. Giuseppe De Marco & Maria Romaniello & Alba Roviello, 2021. "Psychological Nash Equilibria under Ambiguity," CSEF Working Papers 618, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    46. Brunner, Christoph & Kauffeldt, T. Florian & Rau, Hannes, 2017. "Does mutual knowledge of preferences lead to more equilibrium play? Experimental evidence," Working Papers 0629, University of Heidelberg, Department of Economics.
    47. Gérard Mondello, 2016. "The Negligence Rule Specificity under Radical Uncertainty," GREDEG Working Papers 2016-32, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    48. Dominiak, Adam & Schnedler, Wendelin, 2010. "Attitudes towards Uncertainty and Randomization: An Experimental Study," Working Papers 0494, University of Heidelberg, Department of Economics.
    49. Oswald, James I. & Oswald, Andrew J. & Ashraf-Ball, Hezlin, 2009. "Hydrogen Transport and the Spatial Requirements of Renewable Energy," Economic Research Papers 271297, University of Warwick - Department of Economics.
    50. Dominiak, Adam & Lee, Min Suk, 2017. "Coherent Dempster–Shafer equilibrium and ambiguous signals," Journal of Mathematical Economics, Elsevier, vol. 68(C), pages 42-54.
    51. Gérard Mondello, 2020. "Strict Liability vs Negligence: Is Economic Efficiency a Relevant Comparison Criterion?," GREDEG Working Papers 2020-18, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    52. Eichberger, Jürgen & Kelsey, David, 2007. "Ambiguity," Sonderforschungsbereich 504 Publications 07-50, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
      • Eichberger, Jürgen & Kelsey, David, 2007. "Ambiguity," Papers 07-50, Sonderforschungsbreich 504.
    53. Bernhard Kasberger, 2022. "An Equilibrium Model of the First-Price Auction with Strategic Uncertainty: Theory and Empirics," Papers 2202.07517, arXiv.org, revised Mar 2022.
    54. Kauffeldt, T. Florian, 2016. "Strategic behavior of non-expected utility players in games with payoff uncertainty," Working Papers 0614, University of Heidelberg, Department of Economics.
    55. Jürgen Eichberger & David Kelsey, 2004. "Sequential Two-Player Games With Ambiguity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1229-1261, November.
    56. Eichberger, Jürgen & Kelsey, David H. & Schipper, Burkhard C., 2006. "Granny versus Game Theorst: Ambiguity in Experimental Games," Bonn Econ Discussion Papers 17/2006, University of Bonn, Bonn Graduate School of Economics (BGSE).
    57. Jean-François Laslier, 2003. "Ambiguity in electoral competition," Working Papers hal-00242944, HAL.
    58. De Marco, Giuseppe & Romaniello, Maria, 2010. "Ambiguous games with contingent beliefs," MPRA Paper 27507, University Library of Munich, Germany.
    59. Frank Riedel & Linda Sass, 2014. "Ellsberg games," Theory and Decision, Springer, vol. 76(4), pages 469-509, April.
    60. Matthew Ryan, 2001. "Capacity Updating Rules and Rational Belief Change," Theory and Decision, Springer, vol. 51(1), pages 73-87, August.
    61. Lang, Matthias & Wambach, Achim, 2013. "The fog of fraud – Mitigating fraud by strategic ambiguity," Games and Economic Behavior, Elsevier, vol. 81(C), pages 255-275.
    62. Eichberger, Jurgen & Kelsey, David, 2002. "Strategic Complements, Substitutes, and Ambiguity: The Implications for Public Goods," Journal of Economic Theory, Elsevier, vol. 106(2), pages 436-466, October.
    63. Kaito Sato, 2011. "Preference for Randomization and Ambiguity Aversion," Discussion Papers 1524, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    64. Thomas Jungbauer & Klaus Ritzberger, 2011. "Strategic games beyond expected utility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 377-398, October.
    65. Jian Yang, 2015. "Game-theoretic Modeling of Players' Ambiguities on External Factors," Papers 1510.06812, arXiv.org, revised Apr 2017.
    66. Dominiak, Adam, 2013. "Iterated Choquet expectations: A possibility result," Economics Letters, Elsevier, vol. 120(2), pages 155-159.
    67. Robert Nau, 2011. "Risk, ambiguity, and state-preference theory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 48(2), pages 437-467, October.
    68. Stauber, Ronald, 2019. "A strategic product for belief functions," Games and Economic Behavior, Elsevier, vol. 116(C), pages 38-64.
    69. Bade, Sophie, 2011. "Ambiguous act equilibria," Games and Economic Behavior, Elsevier, vol. 71(2), pages 246-260, March.
    70. Philippe Bich, 2016. "Prudent Equilibria and Strategic Uncertainty in Discontinuous Games," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01337293, HAL.
    71. Marco Rojas & Damián Vergara, 2021. "Ambiguity and long-run cooperation in strategic games," Oxford Economic Papers, Oxford University Press, vol. 73(3), pages 1077-1098.
    72. Alexander Zimper, 2007. "Strategic games with security and potential level players," Theory and Decision, Springer, vol. 63(1), pages 53-78, August.
    73. Evan M. Calford & Gregory DeAngelo, 2023. "Ambiguity and enforcement," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 304-338, April.
    74. Ronald Stauber, 2019. "A strategic product for belief functions," ANU Working Papers in Economics and Econometrics 2019-668, Australian National University, College of Business and Economics, School of Economics.
    75. Riedel, Frank & Sass, Linda, 2016. "The strategic use of ambiguity," Center for Mathematical Economics Working Papers 452, Center for Mathematical Economics, Bielefeld University.
    76. Decerf, Benoit & Riedel, Frank, 2016. "Disambiguation of Ellsberg equilibria in 2x2 normal form games," Center for Mathematical Economics Working Papers 554, Center for Mathematical Economics, Bielefeld University.
    77. Dominiak, Adam & Duersch, Peter, 2019. "Interactive Ellsberg tasks: An experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 161(C), pages 145-157.
    78. Karni, Edi & Maccheroni, Fabio & Marinacci, Massimo, 2015. "Ambiguity and Nonexpected Utility," Handbook of Game Theory with Economic Applications,, Elsevier.
    79. Dominiak, Adam & Eichberger, Jürgen, 2016. "Support notions for belief functions," Economics Letters, Elsevier, vol. 146(C), pages 28-32.
    80. Roman Kozhan & Michael Zarichnyi, 2008. "Nash equilibria for games in capacities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 35(2), pages 321-331, May.
    81. Dominiak, Adam & Eichberger, Jürgen, 2021. "Games in context: Equilibrium under ambiguity for belief functions," Games and Economic Behavior, Elsevier, vol. 128(C), pages 125-159.
    82. De Marco, Giuseppe & Romaniello, Maria & Roviello, Alba, 2022. "Psychological Nash equilibria under ambiguity," Mathematical Social Sciences, Elsevier, vol. 120(C), pages 92-106.
    83. Pulford, Briony D. & Colman, Andrew M., 2007. "Ambiguous games: Evidence for strategic ambiguity aversion," MPRA Paper 86345, University Library of Munich, Germany.
    84. Joanne Peryman & David Kelsey, 2021. "Ambiguity when playing coordination games across cultures," Theory and Decision, Springer, vol. 90(3), pages 485-505, May.
    85. Benoit Decerf & Frank Riedel, 2020. "Purification and disambiguation of Ellsberg equilibria," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(3), pages 595-636, April.
    86. Roman Kozhan, 2011. "Non-additive anonymous games," International Journal of Game Theory, Springer;Game Theory Society, vol. 40(2), pages 215-230, May.
    87. Kota Saito, 2010. "Preference for Randomization - Ambiguity Aversion and Inequality Aversion," Levine's Working Paper Archive 661465000000000094, David K. Levine.
    88. Kelsey, David & Pang, Wei, 2009. "How Productive is Optimism? A Simple Keynes-type "Big Push" Model," Economics Discussion Papers 2009-2, School of Economics, Kingston University London.
    89. Yang, Jian, 2018. "Game-theoretic modeling of players’ ambiguities on external factors," Journal of Mathematical Economics, Elsevier, vol. 75(C), pages 31-56.
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  31. Kelsey, David & Milne, Frank, 1999. "Induced Preferences, Nonadditive Beliefs, and Multiple Priors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(2), pages 455-477, May.

    Cited by:

    1. Bailey, Ralph W. & Eichberger, Jürgen & Kelsey, David, 2004. "Ambiguity and Public Good Provision in Large Societies," Sonderforschungsbereich 504 Publications 04-54, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    2. Spanjers, Willy, 2008. "Central banks and ambiguity," International Review of Economics & Finance, Elsevier, vol. 17(1), pages 85-102.
    3. Machina, Mark J, 2001. "Payoff Kinks in Preferences over Lotteries," Journal of Risk and Uncertainty, Springer, vol. 23(3), pages 207-260, November.
    4. Chen, Zengjing & Epstein, Larry G. & Zhang, Guodong, 2023. "A central limit theorem, loss aversion and multi-armed bandits," Journal of Economic Theory, Elsevier, vol. 209(C).
    5. Frank Milne & Edwin H. Neave, 2003. "A General Equilibrium Financial Asset Economy With Transaction Costs And Trading Constraints," Working Paper 1082, Economics Department, Queen's University.
    6. Eichberger, Jurgen & Grant, Simon & Kelsey, David, 2005. "CEU preferences and dynamic consistency," Mathematical Social Sciences, Elsevier, vol. 49(2), pages 143-151, March.

  32. Jürgen Eichberger & David Kelsey, 1999. "E-Capacities and the Ellsberg Paradox," Theory and Decision, Springer, vol. 46(2), pages 107-138, April.

    Cited by:

    1. Bailey, Ralph W. & Eichberger, Jürgen & Kelsey, David, 2004. "Ambiguity and Public Good Provision in Large Societies," Sonderforschungsbereich 504 Publications 04-54, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    2. Eichberger, Jürgen & Spanjers, Willy, 2007. "Liquidity and ambiguity : banks or asset markets?," Papers 07-18, Sonderforschungsbreich 504.
    3. Alain Chateauneuf & Jürgen Eichberger & Simon Grant, 2007. "Choice under uncertainty with the best and worst in mind: neo-additive capacities," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00271279, HAL.
    4. Johanna Etner & Meglena Jeleva & Jean-Marc Tallon, 2009. "Decision theory under uncertainty," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00429573, HAL.
    5. Simon Quemin, 2017. "Intertemporal abatement decisions under ambiguity aversion in a cap and trade," Working Papers 1703, Chaire Economie du climat.
    6. R. R. Routledge & R. A. Edwards, 2020. "Ambiguity and price competition," Theory and Decision, Springer, vol. 88(2), pages 231-256, March.
    7. Meglena Jeleva & Stephane Rossignol, 2009. "Political decision of risk reduction: the role of trust," Public Choice, Springer, vol. 139(1), pages 83-104, April.
    8. Fulvio Fontini, 2005. "Probability and uncertainty: the legacy of Georgescu-Roegen," "Marco Fanno" Working Papers 0008, Dipartimento di Scienze Economiche "Marco Fanno".
    9. Daniel Laskar, 2010. "Uncertainty and Central Banl Transparency: A Non-Bayesian Approach," PSE Working Papers halshs-00562662, HAL.
    10. Takao Asano & Hiroyuki Kojima, 2014. "Modularity and monotonicity of games," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 80(1), pages 29-46, August.
    11. Zimper, Alexander, 2012. "Asset pricing in a Lucas fruit-tree economy with the best and worst in mind," Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 610-628.
    12. Daniel Laskar, 2010. "Uncertainty and Central Banl Transparency: A Non-Bayesian Approach," Working Papers halshs-00562662, HAL.
    13. Alexander Zimper, 2011. "Re-examining the law of iterated expectations for Choquet decision makers," Theory and Decision, Springer, vol. 71(4), pages 669-677, October.
    14. Nabil Kazi-Tani, 2018. "Inf-Convolution of Choquet Integrals and Applications in Optimal Risk Transfer," Working Papers hal-01742629, HAL.
    15. Alexander Ludwig & Alexander Zimper, 2012. "A decision-theoretic model of asset-price underreaction and overreaction to dividend news," Working Papers 201223, University of Pretoria, Department of Economics.
    16. Lo, Kin Chung, 2006. "Agreement and stochastic independence of belief functions," Mathematical Social Sciences, Elsevier, vol. 51(1), pages 1-22, January.
    17. Tarik Driouchi & Lenos Trigeorgis & Raymond H. Y. So, 2018. "Option implied ambiguity and its information content: Evidence from the subprime crisis," Annals of Operations Research, Springer, vol. 262(2), pages 463-491, March.
    18. Juliane Brach & Willem Spanjers, 2012. "Political Ambiguity and Economic Development: The MENA Countries Pre-Commercial Procurement of Innovation," Working Papers 2012/39, Maastricht School of Management.
    19. Marcello Basili & Alain Chateauneuf & Giuseppe Scianna, 2019. "A consistent representation of Keynes’s long-term expectation in ?nancial market," Department of Economics University of Siena 808, Department of Economics, University of Siena.
    20. Benner, Dietrich, 2004. "Quality Ambiguity and the Market Mechanism for Credence Goods," Working Papers 98639, Universitaet Hohenheim, Institute of Agricultural Policy and Agricultural Markets.
    21. Marcello Basili & Carlo Zappia, 2007. "The weight of argument and non-additive measures: a note," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 003, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
    22. Ludwig, Alexander & Zimper, Alexander, 2004. "Rational Expectations and Ambiguity: A Comment on Abel (2002)," Sonderforschungsbereich 504 Publications 04-66, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    23. Ludwig, Alexander & Zimper, Alexander, 2007. "A parsimonious model of subjective life expectancy," Papers 07-65, Sonderforschungsbreich 504.
    24. Adam Dominiak & Ani Guerdjikova, 2021. "Special Issue on Ambiguity and Strategic Interactions in Honor of Jürgen Eichberger," Theory and Decision, Springer, vol. 90(3), pages 301-307, May.
    25. Basili, Marcello & Zappia, Carlo, 2009. "Keynes's "non-numerical" probabilities and non-additive measures," Journal of Economic Psychology, Elsevier, vol. 30(3), pages 419-430, June.
    26. Heyen, Daniel, 2018. "Ambiguity aversion under maximum-likelihood updating," LSE Research Online Documents on Economics 80342, London School of Economics and Political Science, LSE Library.
    27. Schmidt, Ulrich & Zimper, Alexander, 2003. "Security and potential level preferences with thresholds," Papers 03-29, Sonderforschungsbreich 504.
    28. Alexander Zimper & Alexander Ludwig, 2009. "On attitude polarization under Bayesian learning with non-additive beliefs," Journal of Risk and Uncertainty, Springer, vol. 39(2), pages 181-212, October.
    29. Alexander Zimper, 2011. "Do Bayesians learn their way out of ambiguity?," Working Papers 240, Economic Research Southern Africa.
    30. Marcello Basili & Carlo Zappia, 2018. "Ellsberg’s Decision Rules and Keynes’s Long-Term Expectations," Department of Economics University of Siena 777, Department of Economics, University of Siena.
    31. Gérard Mondello, 2016. "The Negligence Rule Specificity under Radical Uncertainty," GREDEG Working Papers 2016-32, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    32. Alexander Ludwig & Alexander Zimper, 2004. "Investment Behavior under Ambiguity: The Case of Pessimistic Decision Makers," MEA discussion paper series 04060, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    33. Dominiak, Adam & Lee, Min Suk, 2017. "Coherent Dempster–Shafer equilibrium and ambiguous signals," Journal of Mathematical Economics, Elsevier, vol. 68(C), pages 42-54.
    34. Jürgen Eichberger & David Kelsey, 2004. "Sequential Two-Player Games With Ambiguity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1229-1261, November.
    35. Alexander Zimper & Alexander Ludwig, 2007. "Attitude polarization," MEA discussion paper series 07155, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    36. Matthew Ryan, 2001. "Capacity Updating Rules and Rational Belief Change," Theory and Decision, Springer, vol. 51(1), pages 73-87, August.
    37. Eichberger, Jurgen & Kelsey, David, 2002. "Strategic Complements, Substitutes, and Ambiguity: The Implications for Public Goods," Journal of Economic Theory, Elsevier, vol. 106(2), pages 436-466, October.
    38. Alexander Zimper, 2007. "Half empty, half full and why we can agree to disagree forever," Working Papers 058, Economic Research Southern Africa.
    39. Chambers, Robert G. & Melkonyan, Tigran, 2009. "Smoothing preference kinks with information," Mathematical Social Sciences, Elsevier, vol. 58(2), pages 173-189, September.
    40. Igor Kopylov, 2016. "Subjective probability, confidence, and Bayesian updating," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 62(4), pages 635-658, October.
    41. Alberto Naudon & Matías Tapia, 2004. "Ignorance, Fixed Costs, and the Stock Market Participation Puzzle," Econometric Society 2004 Latin American Meetings 252, Econometric Society.
    42. Andrew J. Keith & Darryl K. Ahner, 2021. "A survey of decision making and optimization under uncertainty," Annals of Operations Research, Springer, vol. 300(2), pages 319-353, May.
    43. Takao Asano & Hiroyuki Kojima, 2013. "Modularity and Monotonicity of Games," KIER Working Papers 871, Kyoto University, Institute of Economic Research.
    44. Stauber, Ronald, 2019. "A strategic product for belief functions," Games and Economic Behavior, Elsevier, vol. 116(C), pages 38-64.
    45. Alexander Ludwig & Alexander Zimper, 2004. "Rational Expectations and Ambiguity: A Comment on Abel," MEA discussion paper series 04066, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    46. Oechssler, Jörg & Roomets, Alex, 2019. "Savage vs. Anscombe-Aumann: An experimental investigation of ambiguity frameworks," Working Papers 0672, University of Heidelberg, Department of Economics.
    47. Adam Dominiak & Ani Guerdjikova, 2021. "Pessimism and optimism towards new discoveries," Theory and Decision, Springer, vol. 90(3), pages 321-370, May.
    48. Zheng, Mingli & Wang, Chong & Li, Chaozheng, 2015. "Optimal nonlinear pricing by a monopolist with information ambiguity," International Journal of Industrial Organization, Elsevier, vol. 40(C), pages 60-66.
    49. Alexander Zimper, 2008. "Asset pricing in a Lucas ‘fruit-tree’ economy with non-additive beliefs," Working Papers 092, Economic Research Southern Africa.
    50. Takao Asano & Hiroyuki Kojima, 2013. "An Axiomatization of Choquet Expected Utility with Cominimum Independence," KIER Working Papers 878, Kyoto University, Institute of Economic Research.
    51. Marcello Basili & Alain Chateauneuf & Giuliano Antonio & Giuseppe Scianna, 2023. "A representation of Keynes's long-term expectation in financial markets," Working Papers hal-03999320, HAL.
    52. Ronald Stauber, 2019. "A strategic product for belief functions," ANU Working Papers in Economics and Econometrics 2019-668, Australian National University, College of Business and Economics, School of Economics.
    53. Christian Bauer, 2012. "Products of non-additive measures: a Fubini-like theorem," Theory and Decision, Springer, vol. 73(4), pages 621-647, October.
    54. Dominiak, Adam & Tserenjigmid, Gerelt, 2022. "Ambiguity under growing awareness," Journal of Economic Theory, Elsevier, vol. 199(C).
    55. Spanjers, Willem, 2005. "Loss of confidence and currency crises," Economics Discussion Papers 2005-2, School of Economics, Kingston University London.
    56. Marcelo Sánchez, 2013. "On the Limits of Transparency: The Role of Imperfect Central Bank Knowledge," International Finance, Wiley Blackwell, vol. 16(2), pages 245-271, June.
    57. Daniel Heyen, 2018. "Ambiguity aversion under maximum-likelihood updating," Theory and Decision, Springer, vol. 84(3), pages 373-386, May.
    58. Schmidt, Ulrich & Zimper, Alexander, 2003. "Security And Potential Level Preferences With," Sonderforschungsbereich 504 Publications 03-29, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    59. Atsushi Kajii & Hiroyuki Kojima & Takashi Ui, 2005. "Cominimum Additive Operators," KIER Working Papers 601, Kyoto University, Institute of Economic Research.
    60. Daniel Laskar, 2008. "Monetary policy uncertainty and macroeconomic performance: An extended non-bayesian framework," Working Papers halshs-00586883, HAL.
    61. Carlo Zappia, 2015. "Daniel Ellsberg on the Ellsberg Paradox," Department of Economics University of Siena 716, Department of Economics, University of Siena.
    62. Takao Asano & Hiroyuki Kojima, 2015. "An axiomatization of Choquet expected utility with cominimum independence," Theory and Decision, Springer, vol. 78(1), pages 117-139, January.
    63. Juliane Brach & Willem Spanjers, 2012. "Political Ambiguity and Economic Development: The MENA Countries," Working Paper series 66_12, Rimini Centre for Economic Analysis.
    64. Eichberger, Jurgen & Kelsey, David, 2000. "Non-Additive Beliefs and Strategic Equilibria," Games and Economic Behavior, Elsevier, vol. 30(2), pages 183-215, February.
    65. Carlier, G. & Dana, R.-A., 2007. "Are generalized call-spreads efficient?," Journal of Mathematical Economics, Elsevier, vol. 43(5), pages 581-596, June.

  33. Eichberger, Jurgen & Kelsey, David, 1996. "Uncertainty Aversion and Dynamic Consistency," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(3), pages 625-640, August.

    Cited by:

    1. Jürgen Eichberger & Simon Grant & David Kelsey, 2012. "When is Ambiguity-Attitude Constant?," CESifo Working Paper Series 3768, CESifo.
    2. André Lapied & Pascal Toquebeuf, 2011. "Dynamically consistent CEU preferences," Working Papers halshs-00856193, HAL.
    3. Eichberger, Jürgen & Grant, Simon & Lefort, Jean-Philippe, 2008. "Neo-additive capacities and updating," Papers 08-31, Sonderforschungsbreich 504.
    4. Spyros Galanis, 2021. "Dynamic consistency, valuable information and subjective beliefs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(4), pages 1467-1497, June.
    5. Andrei Savochkin & Alexander Shklyaev & Alexey Galatenko, 2022. "Dynamic Consistency and Rectangularity for the Smooth Ambiguity Model," Working Papers w0288, New Economic School (NES).
    6. Dominiak, Adam & Duersch, Peter & Lefort, Jean-Philippe, 2012. "A dynamic Ellsberg urn experiment," Games and Economic Behavior, Elsevier, vol. 75(2), pages 625-638.
    7. Riedel, Frank, 2010. "Optimal Stopping under Ambiguity," Center for Mathematical Economics Working Papers 390, Center for Mathematical Economics, Bielefeld University.
    8. Werlang, Sérgio Ribeiro da Costa, 2000. "A notion of subgame perfect Nash equilibrium under knightian uncertainty," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 376, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    9. Sarin, R. & Wakker, P.P., 1996. "A Single-Stage Approach to Anscombe and Aumann's Expected Utility," Other publications TiSEM aae9febd-70bd-4a52-9c6b-4, Tilburg University, School of Economics and Management.
    10. Eichberger, Jürgen & Oechssler, Jörg & Schnedler, Wendelin, 2012. "How do people cope with an ambiguous situation when it becomes even more ambiguous?," Working Papers 0528, University of Heidelberg, Department of Economics.
    11. Heyen, Daniel, 2018. "Ambiguity aversion under maximum-likelihood updating," LSE Research Online Documents on Economics 80342, London School of Economics and Political Science, LSE Library.
    12. Alexander Ludwig & Alexander Zimper, 2004. "Investment Behavior under Ambiguity: The Case of Pessimistic Decision Makers," MEA discussion paper series 04060, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    13. Anna Gumena & Andrei Savochkin, 2012. "Dynamically Stable Preferences," Carlo Alberto Notebooks 263, Collegio Carlo Alberto.
    14. Eichberger, Jürgen & Güth, Werner & Müller, Wieland, 1999. "Dynamic decision structure and risk taking," SFB 373 Discussion Papers 1999,95, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
    15. Jürgen Eichberger & David Kelsey, 1999. "E-Capacities and the Ellsberg Paradox," Theory and Decision, Springer, vol. 46(2), pages 107-138, April.
    16. Eichberger, Jurgen & Grant, Simon & Kelsey, David, 2005. "CEU preferences and dynamic consistency," Mathematical Social Sciences, Elsevier, vol. 49(2), pages 143-151, March.
    17. Lapied, André & Toquebeuf, Pascal, 2012. "Dynamically consistent CEU preferences on f-convex events," Mathematical Social Sciences, Elsevier, vol. 63(3), pages 252-256.
    18. Daniel Heyen, 2018. "Ambiguity aversion under maximum-likelihood updating," Theory and Decision, Springer, vol. 84(3), pages 373-386, May.
    19. J L Ford & David Kelsey & W Pang, 2005. "Ambiguity in Financial Markets: Herding and Contrarian Behaviour," Discussion Papers 05-11, Department of Economics, University of Birmingham.
    20. Stefan Trautmann & Peter P. Wakker, 2018. "Making the Anscombe-Aumann approach to ambiguity suitable for descriptive applications," Journal of Risk and Uncertainty, Springer, vol. 56(1), pages 83-116, February.

  34. Eichberger, Jurgen & Kelsey, David, 1996. "Uncertainty Aversion and Preference for Randomisation," Journal of Economic Theory, Elsevier, vol. 71(1), pages 31-43, October.
    See citations under working paper version above.
  35. Kelsey, David & Milne, Frank, 1996. "The existence of equilibrium in incomplete markets and the objective function of the firm," Journal of Mathematical Economics, Elsevier, vol. 25(2), pages 229-245.

    Cited by:

    1. David Kelsey & Frank Milne, 2006. "Imperfect Competition And Corporate Governance," Working Paper 1079, Economics Department, Queen's University.
    2. Bejan, Camelia, 2008. "Production and financial decisions under uncertainty," MPRA Paper 11033, University Library of Munich, Germany.
    3. Hervé Crès & Mich Tvede, 2011. "Production externalities: internalization by voting," SciencePo Working papers Main hal-00972983, HAL.
    4. Tarun Sabarwal, 2004. "Value Maximization As An Ex Post Consistent Firm Objective When Markets are Incomplete," GE, Growth, Math methods 0406002, University Library of Munich, Germany, revised 13 May 2005.
    5. David Kelsey & Frank Milne, 2006. "Externalities, monopoly and the objective function of the firm," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 565-589, November.
    6. Rahul Mukherjee, 2011. "Country Portfolios with Imperfect Corporate Governance," IHEID Working Papers 08-2011, Economics Section, The Graduate Institute of International Studies.
    7. Thomas Renstrom & Erkan Yalcin, 2002. "Endogenous Firm Objectives," Industrial Organization 0204001, University Library of Munich, Germany.
    8. Alberto Bisin & Piero Gottardi & Guido Ruta, 2010. "Equilibrium Corporate Finance," Economics Working Papers ECO2010/01, European University Institute.
    9. Bisin, Alberto; & Gottardi, Piero; & Ruta, Guido, 2014. "Equilibrium corporate finance and intermediation," Economics Working Papers ECO2014/09, European University Institute.
    10. CRES, Herve & TVEDE, Mich, 2001. "Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent," HEC Research Papers Series 726, HEC Paris.
    11. Erkan Yalçin & Thomas I. Renström, 2003. "Endogenous Firm Objectives," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 5(1), pages 67-94, January.
    12. Hervé Crès & Mich Tvede, 2005. "Portfolio Diversification and Internalization of Production Externalities through Majority Voting," SciencePo Working papers Main hal-01065579, HAL.
    13. Hervé Crès, 2006. "A geometric study of shareholders' voting in incomplete markets: multivariate median and mean shareholder theorems," Post-Print halshs-00119536, HAL.
    14. CRES, Hervé & TVEDE, Mich, 2004. "The Dreze and Grossman-Hart criteria for production in incomplete markets: Voting foundations and compared political stability," HEC Research Papers Series 794, HEC Paris.
    15. Hervé Crès & Mich Tvede, 2009. "Production in incomplete markets: Expectations matter for political stability," SciencePo Working papers Main hal-01022731, HAL.
    16. Hervé Crès & Mich Tvede, 2011. "Production externalities: internalization by voting," Working Papers hal-00972983, HAL.
    17. Malenko, Nadya & Levit, Doron & Maug, Ernst, 2022. "Trading and shareholder democracy," CEPR Discussion Papers 14039, C.E.P.R. Discussion Papers.
    18. Hervé Crès & Mich Tvede, 2009. "Production in Incomplete Markets: Expectations Matter for Political Stability," Discussion Papers 09-01, University of Copenhagen. Department of Economics.
    19. Petra Geraats & Hans Haller, 1998. "Shareholders' choice," Journal of Economics, Springer, vol. 68(2), pages 111-135, June.
    20. Doron Y. Levit & Nadya Malenko & Ernst G. Maug, 2023. "The Voting Premium," NBER Working Papers 31892, National Bureau of Economic Research, Inc.
    21. Crès, Hervé & Tvede, Mich, 2006. "Portfolio diversification and internalization of production externalities through majority voting," HEC Research Papers Series 816, HEC Paris.
    22. Alberto Bisin & Gian Luca Clementi & Piero Gottardi, 2014. "Capital Structure and Hedging Demand with Incomplete Markets," NBER Working Papers 20345, National Bureau of Economic Research, Inc.
    23. Hnatkovska, Viktoria, 2010. "Home bias and high turnover: Dynamic portfolio choice with incomplete markets," Journal of International Economics, Elsevier, vol. 80(1), pages 113-128, January.
    24. Volker Britz & P. Herings & Arkadi Predtetchinski, 2013. "A bargaining theory of the firm," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 54(1), pages 45-75, September.
    25. L. Marsiliani & X. Liu & Л. Марсилиани & К. Лю, 2017. "Структура Акционерного Капитала И Степень Эксплуатации Нефтяных Месторождений // Share-Ownership Distribution And Extraction Rate Of Petroleum In Oil Fields," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 5(1), pages 42-53.
    26. Renström, Thomas I & Yalcin, Erdal, 2002. "Endogenous Firm Objectives," CEPR Discussion Papers 3361, C.E.P.R. Discussion Papers.
    27. Eva Carceles-Poveda, 2009. "Asset Prices and Business Cycles under Market Incompleteness," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 405-422, July.
    28. Camelia Bejan, 2020. "Investment and financing in incomplete markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(1), pages 149-182, February.
    29. Hervé Crès & Mich Tvede, 2023. "Corporate self-regulation of imperfect competition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(4), pages 1181-1205, May.
    30. Britz, V. & Herings, P.J.J. & Predtetchinski, A., 2010. "Theory of the firm: bargaining and competitive equilibrium," Research Memorandum 057, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    31. Thomas Renstrom & Erkan Yalcin, "undated". "Endogeneous Firm Objectives," Wallis Working Papers WP27, University of Rochester - Wallis Institute of Political Economy.
    32. Frank Milne & Xing Jin, 2006. "Taxation And Transaction Costs In A General Equilibrium Asset Economy," Working Paper 1111, Economics Department, Queen's University.
    33. Hervé Crès & Mich Tvede, 2001. "Proxy fights in incomplete markets: when majority voting and sidepayments are equivalent," SciencePo Working papers Main hal-01065004, HAL.
    34. Wright, Mark L.J., 2005. "On the gains from international financial integration," Economics Letters, Elsevier, vol. 87(3), pages 379-386, June.

  36. Kelsey, David, 1995. "Dutch Books Arguments and Learning in a Nonexpected Utility Framework," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(1), pages 187-206, February.

    Cited by:

    1. Edward SchleeE, 1997. "The sure thing principle and the value of information," Theory and Decision, Springer, vol. 42(1), pages 21-36, January.
    2. Cubitt, Robin P. & Sugden, Robert, 2001. "On Money Pumps," Games and Economic Behavior, Elsevier, vol. 37(1), pages 121-160, October.
    3. J L Ford & David Kelsey & W Pang, 2005. "Ambiguity in Financial Markets: Herding and Contrarian Behaviour," Discussion Papers 05-11, Department of Economics, University of Birmingham.

  37. Kelsey David & Milne Frank, 1995. "The Arbitrage Pricing Theorem with Non-expected Utility Preferences," Journal of Economic Theory, Elsevier, vol. 65(2), pages 557-574, April.
    See citations under working paper version above.
  38. Kelsey, David, 1994. "Maxmin Expected Utility and Weight of Evidence," Oxford Economic Papers, Oxford University Press, vol. 46(3), pages 425-444, July.
    See citations under working paper version above.
  39. Kelsey, David, 1993. "Choice under Partial Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(2), pages 297-308, May.

    Cited by:

    1. Rolf Aaberge, 2002. "Empirical Rules of Thumb for Choice under Uncertainty," ICER Working Papers 22-2002, ICER - International Centre for Economic Research.
    2. W. Botzen & Jeroen Bergh, 2014. "Specifications of Social Welfare in Economic Studies of Climate Policy: Overview of Criteria and Related Policy Insights," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(1), pages 1-33, May.
    3. Jorge Alcalde-Unzu & Ritxar Arlegi, 2007. "Uncertainty with Ordinal Likelihood Information," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 0704, Departamento de Economía - Universidad Pública de Navarra.
    4. Ben-Haim, Yakov & Osteen, Craig D. & Moffitt, L. Joe, 2013. "Policy dilemma of innovation: An info-gap approach," Ecological Economics, Elsevier, vol. 85(C), pages 130-138.
    5. Aldred, Jonathan, 2013. "Justifying precautionary policies: Incommensurability and uncertainty," Ecological Economics, Elsevier, vol. 96(C), pages 132-140.
    6. Aditi Bhattacharyya, 2010. "Median-based Rules for Decision-making under Complete Ignorance," Working Papers 1010, Sam Houston State University, Department of Economics and International Business.
    7. Stranlund, John K. & Field, Barry C., 2006. "On the Production of Homeland Security Under True Uncertainty," Working Paper Series 14505, University of Massachusetts, Amherst, Department of Resource Economics.
    8. Carlo Zappia, 2008. "Non-Bayesian decision theory ante-litteram: the case of G. L. S. Shackle," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 0408, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
    9. L. Joe Moffitt & John K. Stranlund & Barry C. Field, 2005. "Inspections To Avert Terrorism: Robustness Under Severe Uncertainty," Working Papers 2005-3, University of Massachusetts Amherst, Department of Resource Economics.
    10. Marcello Basili & Carlo Zappia, 2009. "Shackle And Modern Decision Theory," Metroeconomica, Wiley Blackwell, vol. 60(2), pages 245-282, May.
    11. Hasson, Reviva & Löfgren, Åsa & Visser, Martine, 2009. "Climate Change in a Public Goods Game: Investment Decision in Mitigation versus Adaptation," RFF Working Paper Series dp-09-23-efd, Resources for the Future.
    12. Mignan, A. & Karvounis, D. & Broccardo, M. & Wiemer, S. & Giardini, D., 2019. "Including seismic risk mitigation measures into the Levelized Cost Of Electricity in enhanced geothermal systems for optimal siting," Applied Energy, Elsevier, vol. 238(C), pages 831-850.
    13. Marcello Basili & Carlo Zappia, 2005. "Ambiguity and uncertainty in Ellsberg and Shackle," Department of Economics University of Siena 460, Department of Economics, University of Siena.
    14. Harrison-Trainor, Matthew & Holliday, Wesley H. & Icard, Thomas F., 2018. "Inferring probability comparisons," Mathematical Social Sciences, Elsevier, vol. 91(C), pages 62-70.
    15. Aditi Bhattacharyya, 2018. "Median-based Rules for Decision-making under Complete Ignorance," Studies in Microeconomics, , vol. 6(1-2), pages 1-13, June.
    16. Naeve, Jorg, 2000. "Maximax, leximax, and the demanding criterion," Mathematical Social Sciences, Elsevier, vol. 40(3), pages 313-325, November.
    17. Shaw, W. Douglass & Woodward, Richard T., 2008. "Why environmental and resource economists should care about non-expected utility models," Resource and Energy Economics, Elsevier, vol. 30(1), pages 66-89, January.
    18. Adrian Vermeule, 2015. "Rationally Arbitrary Decisions in Administrative Law," The Journal of Legal Studies, University of Chicago Press, vol. 44(S2), pages 475-507.
    19. Amélie Vrijdags, 2013. "Min- and Max-induced rankings: an experimental study," Theory and Decision, Springer, vol. 75(2), pages 233-266, August.

  40. Kelsey, David & Quiggin, John, 1992. "Theories of Choice under Ignorance and Uncertainty," Journal of Economic Surveys, Wiley Blackwell, vol. 6(2), pages 133-153.

    Cited by:

    1. Feduzi, Alberto, 2007. "On the relationship between Keynes's conception of evidential weight and the Ellsberg paradox," Journal of Economic Psychology, Elsevier, vol. 28(5), pages 545-565, October.
    2. P.N. (Raja) Junankar, 2016. "On Measuring Uncertainty: Snakes and Ladders," Working Papers id:11420, eSocialSciences.
    3. April Bernard & Osaretin Iyare & Winston Moore, 2008. "Individual Risk Propensity and Risk Background," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 2(3), pages 53-70, December.
    4. Mark J. Machina, 2014. "Ambiguity Aversion with Three or More Outcomes," American Economic Review, American Economic Association, vol. 104(12), pages 3814-3840, December.
    5. Feduzi, Alberto & Runde, Jochen, 2011. "The uncertain foundations of the welfare state," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 613-627.
    6. Marcello Basili & Carlo Zappia, 2007. "The weight of argument and non-additive measures: a note," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 003, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
    7. Carlo Zappia, 2008. "Non-Bayesian decision theory ante-litteram: the case of G. L. S. Shackle," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 0408, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
    8. MacLaren, Donald, 1997. "Uncertainty Aversion and Technical Barriers to Trade: An Australian Example," 1995: Understanding Technical Barriers to Agricultural Trade Conference, December 1995, Tucson, Arizona 51388, International Agricultural Trade Research Consortium.
    9. Gadzinski, Gregory & Castello, Alessio, 2020. "Fast and Frugal heuristics augmented: When machine learning quantifies Bayesian uncertainty," Journal of Behavioral and Experimental Finance, Elsevier, vol. 26(C).
    10. Marcello Basili & Carlo Zappia, 2009. "Shackle And Modern Decision Theory," Metroeconomica, Wiley Blackwell, vol. 60(2), pages 245-282, May.
    11. Marcello Basili & Carlo Zappia, 2005. "Ambiguity and uncertainty in Ellsberg and Shackle," Department of Economics University of Siena 460, Department of Economics, University of Siena.
    12. Michael D. Ryall & Rachelle C. Sampson, 2017. "Contract Structure for Joint Production: Risk and Ambiguity Under Compensatory Damages," Management Science, INFORMS, vol. 63(4), pages 1232-1253, April.
    13. Horan, Richard D. & Lupi, Frank, 2003. "Tradable Risk Permits To Prevent Future Introductions Of Alien Invasive Species Into The Great Lakes," 2003 Annual meeting, July 27-30, Montreal, Canada 22111, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. David Dequech, 2008. "Varieties of uncertainty: a survey of the economic literature," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211223070, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    15. Guarino, Pierfrancesco & Ziegler, Gabriel, 2022. "Optimism and pessimism in strategic interactions under ignorance," Games and Economic Behavior, Elsevier, vol. 136(C), pages 559-585.
    16. Shaw, W. Douglass & Woodward, Richard T., 2008. "Why environmental and resource economists should care about non-expected utility models," Resource and Energy Economics, Elsevier, vol. 30(1), pages 66-89, January.
    17. Adrian Vermeule, 2015. "Rationally Arbitrary Decisions in Administrative Law," The Journal of Legal Studies, University of Chicago Press, vol. 44(S2), pages 475-507.

  41. Kelsey, David & Nordquist, Gerald L, 1991. "A More General Measure of Risk Aversion When Utility Is State-Dependent," Oxford Economic Papers, Oxford University Press, vol. 43(1), pages 59-74, January.
    See citations under working paper version above.
  42. Kelsey, David, 1988. "The Economics of Chaos or the Chaos of Economics," Oxford Economic Papers, Oxford University Press, vol. 40(1), pages 1-31, March.

    Cited by:

    1. Hartwell, Christopher A., 2019. "Short waves in Hungary, 1923 and 1946: Persistence, chaos, and (lack of) control," Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 532-550.
    2. Frédéric Lordon, 1991. "Théorie de la croissance : quelques développements récents [Première partie : la croissance récente]," Revue de l'OFCE, Programme National Persée, vol. 36(1), pages 157-211.
    3. P Nijkamp & A Reggiani, 1990. "Logit Models and Chaotic Behaviour: A New Perspective," Environment and Planning A, , vol. 22(11), pages 1455-1467, November.
    4. James B. Bullard & Alison Butler, 1992. "Nonlinearity and chaos in economic models: implications for policy decisions," Working Papers 1991-002, Federal Reserve Bank of St. Louis.
    5. Murakami, Hiroki, 2018. "Existence and uniqueness of growth cycles in post Keynesian systems," Economic Modelling, Elsevier, vol. 75(C), pages 293-304.
    6. Whitby, Simon & Parker, David & Tobias, Andrew, 2001. "Non-linear dynamics and duopolistic competition: a R&D model and simulation," Journal of Business Research, Elsevier, vol. 51(3), pages 179-191, March.
    7. Nijkamp, P. & Reggiani, A., 1990. "Impacts of multiple period lags in dynamic logit models," Serie Research Memoranda 0083, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    8. Sandubete, Julio E. & Escot, Lorenzo, 2020. "Chaotic signals inside some tick-by-tick financial time series," Chaos, Solitons & Fractals, Elsevier, vol. 137(C).
    9. Ledenyov, Dimitri O. & Ledenyov, Viktor O., 2013. "Some thoughts on accurate characterization of stock market indexes trends in conditions of nonlinear capital flows during electronic trading at stock exchanges in global capital markets," MPRA Paper 49921, University Library of Munich, Germany.
    10. Nijkamp, P. & Poot, J., 1991. "Lessons from non-linear dynamic economics," Serie Research Memoranda 0105, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    11. Nasir M. Khilji, 1994. "Nonlinear Dynamics and Chaos: Application to Financial Markets in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 33(4), pages 1417-1429.
    12. Barkley, Rosser Jr., 1996. "Complex economic dynamics: An introduction to dynamical systems and Market Mechanisms : Richard H. Day, Vol. I (MIT Press, Cambridge MA, 1994), pp. 333, $39.95," Journal of Economic Behavior & Organization, Elsevier, vol. 31(2), pages 293-296, November.
    13. Ali Khan, M. & Piazza, Adriana, 2011. "Optimal cyclicity and chaos in the 2-sector RSS model: An anything-goes construction," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 397-417.
    14. Jos'e Pedro Gaiv~ao & Benito Pires, 2022. "Chaotic time series in financial processes consisting of savings with piecewise constant monthly contributions," Papers 2206.11933, arXiv.org, revised Feb 2023.
    15. Montoro, Juan D. & Paz, Jose V. & Roig, Miguel, 1998. "Active Monetary Policy and Instability in a Phillips Curve System," Journal of Macroeconomics, Elsevier, vol. 20(4), pages 843-856, October.
    16. Dufrenot Gilles & Mathieu Laurent, 1994. "Methods In Economics: Testing For Linearity," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 5(2-3), pages 1-16, June.
    17. Nijkamp, Peter & Reggiani, Aura, 1995. "Non-linear evolution of dynamic spatial systems. The relevance of chaos and ecologically-based models," Regional Science and Urban Economics, Elsevier, vol. 25(2), pages 183-210, April.
    18. Carolina Castaldi & Giovanni Dosi, 2003. "The Grip of History and the Scope for Novelty: Some Results and Open Questions on Path Dependence in Economic Processes," LEM Papers Series 2003/02, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    19. Kopel, M. & Dawid, H. & Feichtinger, G., 1998. "Periodic and chaotic programs of intertemporal optimization models with non-concave net benefit function," Journal of Economic Behavior & Organization, Elsevier, vol. 33(3-4), pages 435-447, January.
    20. Nijkamp, P. & Reggiani, A., 1989. "Logit models and chaotic behaviour," Serie Research Memoranda 0054, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.

  43. Kelsey, David, 1987. "The Role of Information in Social Welfare Judgements," Oxford Economic Papers, Oxford University Press, vol. 39(2), pages 301-317, June.

    Cited by:

    1. Blackorby, Charles & Bossert, Walter & Donaldson, David, 2004. "Anonymous Single-Profile Welfarism," The Warwick Economics Research Paper Series (TWERPS) 707, University of Warwick, Department of Economics.
    2. Susumu Cato, 2014. "Common preference, non-consequential features, and collective decision making," Review of Economic Design, Springer;Society for Economic Design, vol. 18(4), pages 265-287, December.
    3. BLACKORBY, Charles & BOSSERT, Walter & DONALDSON, David, 2005. "Intertemporal Social Evaluation," Cahiers de recherche 2005-06, Universite de Montreal, Departement de sciences economiques.
    4. A. Baujard, 2006. "From moral welfarism to technical non-welfarism : A step back to Bentham’s felicific calculus of its members," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 200606, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    5. Blackorby, Charles & Bossert, Walter & Donaldson, David, 2004. "Multi-Profile Welfarism : A Generalisation," The Warwick Economics Research Paper Series (TWERPS) 710, University of Warwick, Department of Economics.
    6. d'Aspremont, Claude & Gevers, Louis, 2002. "Social welfare functionals and interpersonal comparability," Handbook of Social Choice and Welfare, in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 10, pages 459-541, Elsevier.
    7. BLACKORBY, Charles & BOSSERT, Walter & DONALDSON, David, 2002. "In Defense of Welfarism," Cahiers de recherche 2002-02, Universite de Montreal, Departement de sciences economiques.

  44. Deb, Rajat & Kelsey, David, 1987. "On constructing a generalized ostrogorski paradox: Necessary and sufficient conditions," Mathematical Social Sciences, Elsevier, vol. 14(2), pages 161-174, October.

    Cited by:

    1. Sebastien Courtin & Annick Laruelle, 2020. "Multi-dimensional rules," Post-Print hal-02351433, HAL.
    2. Fatma Aslan & Hayrullah Dindar & Jean Lainé, 2021. "When are committees of Condorcet winners Condorcet winning committees?," Post-Print hal-03335584, HAL.
    3. Gilbert Laffond & Jean Lainé, 2014. "Triple-consistent social choice and the majority rule," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 22(2), pages 784-799, July.
    4. Laffond, G. & Laine, J., 2006. "Single-switch preferences and the Ostrogorski paradox," Mathematical Social Sciences, Elsevier, vol. 52(1), pages 49-66, July.
    5. Hayrullah Dindar & Jean Lainé, 2022. "Compromise in combinatorial vote," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 59(1), pages 175-206, July.
    6. Laffond, Gilbert & Laine, Jean, 2000. "Representation in majority tournaments," Mathematical Social Sciences, Elsevier, vol. 39(1), pages 35-53, January.
    7. Gilbert Laffond & Jean Lainé, 2008. "The Budget-Voting Paradox," Theory and Decision, Springer, vol. 64(4), pages 447-478, June.
    8. Pivato, Marcus, 2007. "Pyramidal Democracy," MPRA Paper 3965, University Library of Munich, Germany.
    9. Meir Kalech & Moshe Koppel & Abraham Diskin & Eli Rohn & Inbal Roshanski, 2020. "Formation of Parties and Coalitions in Multiple Referendums," Group Decision and Negotiation, Springer, vol. 29(4), pages 723-745, August.
    10. Benoît, Jean-Pierre & Kornhauser, Lewis A., 2010. "Only a dictatorship is efficient," Games and Economic Behavior, Elsevier, vol. 70(2), pages 261-270, November.
    11. Gilbert Laffond & Jean Lainé, 2012. "Searching for a Compromise in Multiple Referendum," Group Decision and Negotiation, Springer, vol. 21(4), pages 551-569, July.
    12. Gilbert Laffond & Jean Lainé, 2009. "Condorcet choice and the Ostrogorski paradox," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 32(2), pages 317-333, February.
    13. Tuğçe Çuhadaroğlu & Jean Lainé, 2012. "Pareto efficiency in multiple referendum," Theory and Decision, Springer, vol. 72(4), pages 525-536, April.
    14. Hannu Nurmi & Tommi Meskanen, 2000. "Voting Paradoxes and MCDM," Group Decision and Negotiation, Springer, vol. 9(4), pages 297-313, July.

  45. David Kelsey, 1984. "Acyclic Choice without the Pareto Principle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(4), pages 693-699.

    Cited by:

    1. Jérémy Picot, 2012. "Random aggregation without the Pareto principle," Review of Economic Design, Springer;Society for Economic Design, vol. 16(1), pages 1-13, March.
    2. Wesley H. Holliday & Mikayla Kelley, 2020. "A note on Murakami’s theorems and incomplete social choice without the Pareto principle," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 55(2), pages 243-253, August.
    3. Susumu Cato, 2015. "Conditions on social-preference cycles," Theory and Decision, Springer, vol. 79(1), pages 1-13, July.
    4. Susumu Cato & Daisuke Hirata, 2010. "Collective choice rules and collective rationality: a unified method of characterizations," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 34(4), pages 611-630, April.
    5. Susumu Cato, 2012. "Social choice without the Pareto principle: a comprehensive analysis," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 39(4), pages 869-889, October.
    6. Wesley H. Holliday & Mikayla Kelley, 2021. "Escaping Arrow's Theorem: The Advantage-Standard Model," Papers 2108.01134, arXiv.org, revised Nov 2022.
    7. Susumu Cato, 2013. "Quasi-decisiveness, quasi-ultrafilter, and social quasi-orderings," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(1), pages 169-202, June.
    8. Sholomov, Lev A., 2000. "Explicit form of neutral social decision rules for basic rationality conditions," Mathematical Social Sciences, Elsevier, vol. 39(1), pages 81-107, January.
    9. Donald Campbell & Jerry Kelly, 2014. "Universally beneficial manipulation: a characterization," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 43(2), pages 329-355, August.
    10. Quesada, Antonio, 2003. "(100-200/m)% veto power," Research in Economics, Elsevier, vol. 57(2), pages 83-92, June.

  46. Kelsey, David, 1984. "The structure of social decision functions," Mathematical Social Sciences, Elsevier, vol. 8(3), pages 241-252, December.

    Cited by:

    1. Bossert, Walter & Cato, Susumu, 2020. "Acyclicity, anonymity, and prefilters," Journal of Mathematical Economics, Elsevier, vol. 87(C), pages 134-141.

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