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Ambiguity, Pessimism, Optimism and Financial Crises in a Simple Global Game M...
We use a non-Bayesian approach to uncertainty which allows for both optimism and pessimism in a simple global game, where each signal can exhibit a bias which is... -
Ambiguity and perceived coordination in a global game
In a global game, larger ambiguity is shown to decrease the amount of coordination each player perceives. Consequently, small uncertainty tends to select the Pareto...
