, within a standard New Keynesian model, by means of laboratory experiments with human subjects. Three aggregate outcomes are …

competitiveness: via an impact on risk aversion, via an impact on performance, and via an impact on overconfidence. None of these hold …

economic literature. In this paper we explore whether individual decision making under risk is affected by the cost of the … supplied information. Outside of the lab, it is difficult to disentangle the effect of the cost of information itself from the … effect of self-selection by individuals who tend to gain the most from this information. We thus create an environment in the …

sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice …We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both …

/">'Journal of Risk and Uncertainty'</A>, 44(1), 45-72.<P>This study attempts to combine two traditional fields in microeconomics …: individual decision making under risk and decision making in an interpersonal context. The influence of social comparison on … decision makers are more risk-averse in the loss context than in the gain context, with the behavior in the neutral context in …