Ambiguity Attitudes in the Loss Domain: Decisions for Self Versus Others.
Posted: 8 Jun 2018
Date Written: June 4, 2018
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: Suggested Citation