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Playing with ambiguity: an agent based model of vague beliefs in games

Research output: Contribution in Book/Report/ProceedingsChapter (peer-reviewed)

Publication date04/2014
Host publicationInterdisciplinary applications of agent-based social simulation and modeling
EditorsDiana Francisca Adamatti, Gracaliz Pereira Dimuro, Helder Coehlo
Place of PublicationHershey, Penn.
PublisherIGI Global
Number of pages18
ISBN (Electronic)9781466659551
ISBN (Print)9781466659544
<mark>Original language</mark>English


This chapter discusses the way that three distinct fields, decision theory, game theory and computer science, can be successfully combined in order to optimally design economic experiments. Using an example of cooperative game theory (the Stag-Hunt game), the chapter presents how the introduction of ambiguous beliefs and attitudes towards ambiguity in the analysis can affect the predicted equilibrium. Based on agent-based simulation methods, the author is able to tackle similar theoretical problems and thus to design experiments in such a way that they will produce useful, unbiased and reliable data.