Antonio Carlos Mercer, Angela Cristiane Santos Póvoa, Wesley Pech
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引用次数: 0
Abstract
We investigated decision-making for others in ambiguous settings. In an online survey, subjects were asked to make decisions for themselves, and for other people. In Experiment 1, ambiguity was conveyed in numerical ranges. In Experiment 2, we used verbal probabilities expressions to convey uncertainty. Decisions encompass three degrees of ambiguity (low, moderate, and high). Consistent with previous literature findings, our results showed no significant differences between self-other decision-making on ambiguity. We build on the existing literature on ambiguity attitudes, emphasizing the use of verbal probability expressions to measure ambiguity, and provide novel evidence into decision-making for others.
期刊介绍:
Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.