There is abundant evidence that many individuals violate the rationality assumptions routinely made in economics …. However, powerful evidence also indicates that violations of individual rationality do not necessarily refute the aggregate … predictions of standard economic models that assume full rationality of all agents. Thus, a key question is how the interactions …

as cumulative prospect theory. Based on a laboratory experiment with real monetary incentives, we show that incidental …

laboratory experiment in which the choice of the job charac- teristics (i.e., the mission) is part of the compensation package …

We conducted an experiment with 182 inmates from a maximum security prison to analyze the impact of criminal identity …. This effect is specific to individuals who have a criminal identity, because an additional placebo experiment shows that …

-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …

compatible mechanism is used. Their confidence in own knowledge does not depend on their attitude towards risk/ambiguity. …