Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/282469 
Year of Publication: 
2023
Series/Report no.: 
CESifo Working Paper No. 10781
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
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.
Subjects: 
ambiguity attitudes
group decision making
gain and loss domain
JEL: 
C91
C92
D70
D81
D83
Document Type: 
Working Paper
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