This work studies the impact of uncertainty on an agent's decision-making process in an interdependent preference context. Mainly, it analyses the influence of society on the agent's consumption level when the agent is uncertain about the consumption level of the society. This issue is modeled...

We develop and test a novel experimental design that allows to directly elicit preferences over the temporal resolution of consumption uncertainty. To identify preferences over the temporal resolution of consumption uncertainty – as opposed to income uncertainty – we investigate choices over...