We study time preferences in a real-effort experiment with a one-month horizon. We report thattwo thirds of choices …

Economics and management science share the tradition of ordering risk aversionby fitting the best expected utility (EU …) model with a certain utility function to in-dividual data, and then using the utility curvature for each individual as the … introduced the weighting of probabilities as anadditional component to capture risk attitude. However, if utility curvature and …

familiar but not local stocks. Our experiment showsno evidence that familiarity is a reason for local bias. …

bargaining norms in the case of ultimatum games. Tosubstantiate our claim, we conduct a methodological experiment in which …

In the framework of expected utility theory, risk attitudes are entirely capturedby the curvature of the utility … thismodication, one question arises naturally: since both utility and probability weight-ing determine the attitude towards risk …, what is the relation between them? Weran a controlled laboratory experiment to answer this question. Our ndings suggestthat …