Engle-Warnick, Jim; Héroux, Julie; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2009
probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … of uncertainty in our experiments. In two additional treatments, we control for future uncertainty with a continuation …