Ambiguity Attitudes in the Loss Domain: Decisions for Self Versus Others.

Posted: 8 Jun 2018

See all articles by Yilong Xu

Yilong Xu

University of Heidelberg

Xiaogeng Xu

Xiaogeng Xu

Steven James Tucker

University of Waikato Management School - Economics

Date Written: June 4, 2018

Abstract

We study whether people’s ambiguity attitudes differ when deciding for themselves or for others in the loss domain. We find no systematic differences in ambiguity attitudes between self- and other-regarding decision-making. Our results are consistent with the loss part of the fourfold pattern of ambiguity attitudes.

Keywords: Ambiguity attitudes; Decision-making for others; Losses and uncertainty;

JEL Classification: D81, C91

Suggested Citation

Xu, Yilong and Xu, Xiaogeng and Tucker, Steven James, Ambiguity Attitudes in the Loss Domain: Decisions for Self Versus Others. (June 4, 2018). NHH Dept. of Economics Discussion Paper No. 11/2018. Available at SSRN: https://ssrn.com/abstract=3191788 or http://dx.doi.org/10.2139/ssrn.3191788

Yilong Xu

University of Heidelberg ( email )

Grabengasse 1
Heidelberg, 69117
Germany

Xiaogeng Xu (Contact Author)

Xiaogeng Xu ( email )

Helleveien 30
N-5035 Bergen
Norway

Steven James Tucker

University of Waikato Management School - Economics ( email )

Hamilton
New Zealand

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