Ambiguity Attitudes of Individuals and Groups in Gain and Loss Domains

Aljoscha Minnich and Andreas Lange

No 10781, CESifo Working Paper Series from CESifo

Abstract: This study measures the differences in ambiguity attitudes of groups and individuals in the gain and loss domain. We elicit the ambiguity attitudes and ambiguity-generated insensitivity for natural temperature events. We do not find significant differences between individuals and groups in our main sample, yet higher ambiguity aversion and ambiguity-generated insensitivity results for groups in the gain when constraining the sample to groups and individuals with a better understanding of the experiment. Moreover, the group effect on the ambiguity-generated insensitivity seems domain dependent.

Keywords: ambiguity attitudes; group decision making; gain and loss domain (search for similar items in EconPapers)
JEL-codes: C91 C92 D70 D81 D83 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-exp and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_10781

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