outcomes experienced during the game. Risk aversion decreases after earlier expectations have been shattered by unfavorable …

have a larger impact on consistency, the chosen risk level is determined more by framing effects. On the level of personal … particular, reducing the emphasis on downside risk and upside potential simultaneously leads to a substantial increase in risk …

We assess alternative presentations of investment risk using a discrete choice experiment which asked subjects to rank … three investment portfolios for retirement savings across nine risk presentation formats and four underlying risk levels …. Using Prospective Theory utility specifications we estimate individual-specific parameters for risk preferences in gains and …

ambiguity in the risk that a drug is ineffective and the risk that a drug is unsafe. These deviations from ambiguity neutrality …

choices between risky prospects. We draw three conclusions. First, surprisingly few studies have estimated λ using risky …