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Ambiguity Attitudes in the Loss Domain: Decisions for Self versus Others

Yilong Xu (), Xiaogeng Xu () and Steven Tucker ()
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Yilong Xu: University of Heidelberg, Postal: Grabengasse 1, 69117 Heidelberg, Germany
Xiaogeng Xu: Dept. of Economics, Norwegian School of Economics and Business Administration, Postal: NHH , Department of Economics, Helleveien 30, N-5045 Bergen, Norway

No 11/2018, Discussion Paper Series in Economics from Norwegian School of Economics, Department of Economics

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 (search for similar items in EconPapers)
JEL-codes: C91 D81 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-upt
Date: 2018-05-25
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