Decision making and trade without probabilities

DOI10.1007/s00199-011-0644-4zbMath1277.91062MaRDI QIDQ641833

Kira Pronin, John Dickhaut, Radhika Lunawat, Jack Douglas Stecher

Publication date: 25 October 2011

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://cirano.qc.ca/files/publications/2007s-21.pdf

zbMATH Keywords

auctions; ambiguity; price formation; Knightian uncertainty; market for lemons; winners' curse

Mathematics Subject Classification ID

91B06: Decision theory

91B16: Utility theory

91B26: Auctions, bargaining, bidding and selling, and other market models

Related Items

A full characterization of Nash implementation with strategy space reduction, Ambiguity aversion and trade, Risk, ambiguity, and state-preference theory, Agreement theorem for neo-additive beliefs

Uses Software

• Z-Tree

Cites Work

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