illusion of control. By forming their portfolio of tworisky lotteries and one risk-less alternative, subjects are requested to … investment. Also, offering adefault portfolio strongly determines final allocations. …

We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute … their own for alternative investment choices.Overall, 149 subjects participated in two experiments, one with just one risky …

measured by the adjustments of personal parametersuntil accepting the investment decision suggested by theory.Additionally, a …

This paper reports results of an experiment designed to analyze the link between riskydecisions made by couples and … risky decisions made separately by each spouse. We estimateboth the spouses and the couples’ degrees of risk aversion and we … assess how the risk preferencesof the two spouses aggregate when they make risky decisions. This enables us to investigatethe …

measure,(3)calculates relative risk aversion. The results of the experiment indicate that as theprobability of loss and loss …The study investigates protective responses in low probability and high loss risk situations.Particularly, it (1 … women) are found to be risk aversefor low probabilities. …

In a cascade experiment subjects are confronted with artificial predecessors prdecting in line with the BHW model …

We present an experiment designed to test the Modigliani-Miller theorem. Applyinga general equilibrium approach and not …, participantswell recognize changes in the systematic risk of equity associated with increasingleverage and, accordingly, demand higher … rate of return. Yet, this adjustment is notperfect: subjects underestimate the systematic risk of low-leveraged equity …

We examine the explanatory power of cascade models by implementing the BDM-mechanism in a simple cascade experiment in … prediction game are used as indicators of subjective probabilities. We are thus able to test the explanatory power of thze …