Measuring strategic-uncertainty attitudes
| dc.contributor.author | Bruttel, Lisa | |
| dc.contributor.author | Bulutay, Muhammed | |
| dc.contributor.author | Cornand, Camille | |
| dc.contributor.author | Heinemann, Frank | |
| dc.contributor.author | Zylbersztejn, Adam | |
| dc.date.accessioned | 2023-02-15T14:07:07Z | |
| dc.date.available | 2023-02-15T14:07:07Z | |
| dc.date.issued | 2022-10-31 | |
| dc.description.abstract | Strategic uncertainty is the uncertainty that players face with respect to the purposeful behavior of other players in an interactive decision situation. Our paper develops a new method for measuring strategic-uncertainty attitudes and distinguishing them from risk and ambiguity attitudes. We vary the source of uncertainty (whether strategic or not) across conditions in a ceteris paribus manner. We elicit certainty equivalents of participating in two strategic 2 × 2 games (a stag-hunt and a market-entry game) as well as certainty equivalents of related lotteries that yield the same possible payoffs with exogenously given probabilities (risk) and lotteries with unknown probabilities (ambiguity). We provide a structural model of uncertainty attitudes that allows us to measure a preference for or an aversion against the source of uncertainty, as well as optimism or pessimism regarding the desired outcome. We document systematic attitudes towards strategic uncertainty that vary across contexts. Under strategic complementarity [substitutability], the majority of participants tend to be pessimistic [optimistic] regarding the desired outcome. However, preferences for the source of uncertainty are distributed around zero. | en |
| dc.identifier.eissn | 1573-6938 | |
| dc.identifier.issn | 1386-4157 | |
| dc.identifier.uri | https://depositonce.tu-berlin.de/handle/11303/18211 | |
| dc.identifier.uri | https://doi.org/10.14279/depositonce-17004 | |
| dc.language.iso | en | |
| dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
| dc.subject.ddc | 300 Sozialwissenschaften::330 Wirtschaft::330 Wirtschaft | |
| dc.subject.other | risk attitudes | en |
| dc.subject.other | ambiguity attitudes | en |
| dc.subject.other | strategic-uncertainty attitudes | en |
| dc.subject.other | stag-hunt game | en |
| dc.subject.other | market-entry game | en |
| dc.title | Measuring strategic-uncertainty attitudes | |
| dc.type | Article | |
| dc.type.version | acceptedVersion | |
| dcterms.bibliographicCitation.doi | 10.1007/s10683-022-09779-2 | |
| dcterms.bibliographicCitation.journaltitle | Experimental Economics | |
| dcterms.bibliographicCitation.originalpublishername | Springer Nature | |
| dcterms.bibliographicCitation.originalpublisherplace | Heidelberg | |
| dcterms.rightsHolder.note | This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: http://dx.doi.org/10.1007/s10683-022-09779-2 | |
| dcterms.rightsHolder.reference | Verlagspolicy | |
| dcterms.rightsHolder.url | https://web.archive.org/web/20230214142503/https://www.springernature.com/gp/open-research/policies/journal-policies | |
| tub.accessrights.dnb | domain | * |
| tub.affiliation | Fak. 7 Wirtschaft und Management::Inst. Volkswirtschaftslehre und Wirtschaftsrecht (IVWR)::FG Makroökonomik | |
| tub.publisher.universityorinstitution | Technische Universität Berlin |