suggesting that under Rank Dependent Utility and an expo-power function, students exhibit similar risk attitudes to subjects … particular they adopt the framework of Expected Utility theory and a Constant Relative Risk Aversion function, their estimation …

The study tests the cardinal utility maximization hypothesis by an experimental procedure in a framework of utility … scaling approach following the psychophysical-econometric paradigm, conceived in He (Psychophysical Interpretation for Utility … Measures, 2011). It reveals (i) the utility maximization can be tested and has been supported by experimental results; (ii) the …

focuses on context-specific empirical studies. We use a public good game experiment with endogenous groups to investigate how …

This paper presents an experimental test of several independence conditions implied by expected utility and alternative … models. We perform a repeated choice experiment and fit an error model that allows us to discriminate between true violations …

probabilities. Rank dependent utility and cumulative prospect theory imply that the Allais paradoxes are due to violations of …

isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along … with the (much discussed) utility discount rate. In this model, the elasticity of marginal utility simultaneously reflects … surveying the attitudes of over 3000 people to risk, income inequality over space and income inequality over time. The results …