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Strategic Uncertainty: An Experimental Investigation

Descripción del proyecto

Comprensión de la conducta humana para solucionar problemas económicos y sociales

Ahora que la economía mundial debe superar una época extraña y complicada a causa de la pandemia mundial, los economistas intentan predecir el futuro. La cuestión de la incertidumbre estratégica, que básicamente se refiere al hecho de no saber a ciencia cierta cómo actuarán los demás, ha captado un gran interés. Sin embargo, se trata de un factor que desempeña un papel importante en prácticamente todos los problemas económicos y sociales. Representa un problema clave al estudiar temas económicos y sociales, puesto que afecta profundamente a las interacciones entre las personas. El proyecto financiado con fondos europeos SUExp llevará a cabo el primer estudio empírico exhaustivo de la incertidumbre estratégica directa y, para ello, establecerá conexiones con la teoría de juegos e investigará sus efectos sobre el comportamiento.

Objetivo

Understanding how individuals or groups interact is at the core of virtually every economic and social problem. A central difficulty in studying such interactions is the fact that in practice, players face strategic uncertainty. This uncertainty – uncertainty about how others play the game – is important for determining one’s own behaviour.

This proposal is a broad attempt to bring strategic uncertainty to bear on game theory. The basic premise of this proposal is that, in a wide variety of situations, actors reason under direct forms of strategic uncertainty – forms of strategic uncertainty that are not properly captured by standard equilibrium analysis. While there is a strong theoretical tradition geared towards the investigation of strategic uncertainty (Epistemic Game Theory), there have been few attempts to empirically investigate the role of strategic uncertainty on behaviour. This research will deliver the first comprehensive empirical study of direct strategic uncertainty.

This research program will use the tools of Experimental Economics to investigate the sources of direct strategic uncertainty, how players reason under strategic uncertainty, and the implications for game theoretic models. My proposal will provide evidence and theory on five research themes: i) Is uncertainty about the bounded reasoning of others a source of direct strategic uncertainty? ii) Are there are other sources of strategic uncertainty in bounded reasoning models? What happens if you believe others are more sophisticated than you? iii) How do people reason when facing strategic uncertainty? Does stochastic choice play a role in uncertain situations? iv) How do we incorporate strategic uncertainty into game theoretic models? Can we develop models that are predictive as well as explanatory? And, v) What is the role of strategic uncertainty in dynamic games? In particular, does direct strategic uncertainty cause delays in bargaining?

Régimen de financiación

ERC-STG - Starting Grant

Institución de acogida

UNIVERSITY COLLEGE LONDON
Aportación neta de la UEn
€ 1 357 946,00
Dirección
GOWER STREET
WC1E 6BT London
Reino Unido

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Región
London Inner London — West Camden and City of London
Tipo de actividad
Higher or Secondary Education Establishments
Enlaces
Coste total
€ 1 357 946,00

Beneficiarios (1)