Ambiguity Attitudes in the Loss Domain: Decisions for Self versus Others
New paper in Economics Letters: "Ambiguity attitudes in the loss domain: Decisions for self versus others", from Yilong Xu, Xiaogeng Xu and Steven Tucker.
Abstract from the paper
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.