experiment where respondents have to detect corner solutions, that is, they should allocate to the venture either the maximum or … with systematic deviations that are consistent with well-known decision anomalies. Risk propensity is found to have an … have their decision partially driven by their risk propensity. Implications of our findings for entrepreneurs and …

know the distribution. We first derive the market results when sellers are risk averse, similarly to Ponssard (1979) who … assumed risk neutrality throughout. With the help of these results evolutionary processes are formulated according to which …

part of the paper I discuss how much of the data can be explained by assuming that experimental subjects are risk averse. …

emphasis on the legal division of tax payments. We use computerized experimental posted-offer markets to test liability side …

low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision … problem. There is evidence that risk attitudes depend on whether they are measured by comparing the certainty equivalent and … the expected value of a lottery or by preferences over mean-preserving spreads. -- Dynamic decisions ; risk taking …

In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …

We report on an experiment designed to compare Stackelberg and Cournot duopoly markets with quantity competition. For …

-mindedness of subjects. Nevertheless, it is possible to test Gilboa's (1997) agent-based approach to games with imperfect recall. We … implement his model of the absent-minded driver problem in an experiment and find, if subjects are repeatedly randomly rematched …