Ambiguity attitudes in decisions for others

Christian König-Kersting; Stefan Trautmann

doi:10.1016/j.econlet.2016.07.036

Ambiguity attitudes in decisions for others

Christian König-Kersting
, Stefan Trautmann

Research output: Contribution to journal › Article › Scientific › peer-review

Abstract

We probe the pattern of ambiguity aversion for moderate-likelihood gain prospects, and ambiguity seeking for low-likelihood gain prospects, if people make decisions not for themselves but as agents for others. We confirm the pattern both with and without accountability.

Original language	English
Pages (from-to)	126–129
Journal	Economics Letters
Volume	146
DOIs	https://doi.org/10.1016/j.econlet.2016.07.036
Publication status	Published - Sept 2016

Keywords

decision under risk
decision under ambiguity
decisions of agents
accountability

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10.1016/j.econlet.2016.07.036

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title = "Ambiguity attitudes in decisions for others",

abstract = "We probe the pattern of ambiguity aversion for moderate-likelihood gain prospects, and ambiguity seeking for low-likelihood gain prospects, if people make decisions not for themselves but as agents for others. We confirm the pattern both with and without accountability.",

keywords = "decision under risk, decision under ambiguity, decisions of agents, accountability",

author = "Christian K{\"o}nig-Kersting and Stefan Trautmann",

year = "2016",

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language = "English",

volume = "146",

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AU - Trautmann, Stefan

PY - 2016/9

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N2 - We probe the pattern of ambiguity aversion for moderate-likelihood gain prospects, and ambiguity seeking for low-likelihood gain prospects, if people make decisions not for themselves but as agents for others. We confirm the pattern both with and without accountability.

AB - We probe the pattern of ambiguity aversion for moderate-likelihood gain prospects, and ambiguity seeking for low-likelihood gain prospects, if people make decisions not for themselves but as agents for others. We confirm the pattern both with and without accountability.

KW - decision under risk

KW - decision under ambiguity

KW - decisions of agents

KW - accountability

U2 - 10.1016/j.econlet.2016.07.036

DO - 10.1016/j.econlet.2016.07.036

M3 - Article

SN - 0165-1765

VL - 146

SP - 126

EP - 129

JO - Economics Letters

JF - Economics Letters

ER -

Ambiguity attitudes in decisions for others

Abstract

Keywords

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