Attitudes to Uncertainty in a Strategic Setting*
通过实验检验主观期望效用理论在战略互动环境中的适用性,发现多数参与者违背该理论,且未表现出个体决策实验中常见的对模糊性的一致态度。
Much uncertainty in life relates to the behaviour of others in interactive environments. This paper tests some implications of subjective expected utility theory (Savage, 1954) in an experimental strategic \nsetting where there is uncertainty about the actions of other players. In this environment, a large majority of our participants violate subjective expected utility theory. However, they do not exhibit the \nsorts of consistent ‘attitude to ambiguity’ found in individual decision experiments. We discuss three possible explanations of their behaviour: nonlinear transformation of probabilities; noise in responses; and/or systematic biases in the way that individuals generate subjective probabilities.