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Collective choices under ambiguity

Author

Listed:
  • Maria Vittoria Levati

    (Department of Economics (University of Verona))

  • Stefan Napel

    (University of Bayreuth)

  • Ivan Soraperra

    (Department of Economics (University of Verona))

Abstract

We investigate experimentally whether collective choice environments matter for individual attitudes to ambiguity. In a simple two-urn Ellsberg experiment, one urn offers a 45 % chance of winning a fixed monetary prize while the other offers an ambiguous chance. Participants choose either individually or in groups of three. Group decision rules vary in the level of individual responsibility for the others’ payoffs: the collective choice is taken by majority, randomly delegated to two group members, or randomly delegated to a single group member. Although most participants display consistent ambiguity attitudes across their decisions, taking responsibility for the others tends to foster ambiguity aversion.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Maria Vittoria Levati & Stefan Napel & Ivan Soraperra, 2014. "Collective choices under ambiguity," Working Papers 13/2014, University of Verona, Department of Economics.
    • Handle: RePEc:ver:wpaper:13/2014
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    References listed on IDEAS

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    1. Collective choices under ambiguity
      by Alessandro Cerboni in Knowledge Team on 2014-09-30 16:50:01

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    Cited by:

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    4. Ahsanuzzaman, & Palm-Forster, Leah H. & Suter, Jordan F., 2022. "Experimental evidence of common pool resource use in the presence of uncertainty," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 139-160.

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    More about this item

    Keywords

    Ambiguity aversion; majority voting; dictatorship;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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