acquired. Roughly half of the participants do not base their decision on a subjective belief of the probability of guilt. The …

a decision maker that she may have to justify her decisions in front of somebody else—is often confounded with the … reversals between frames, for which incentives have no effect. Incentives on the other hand are found to reduce risk seeking for …

economic literature. In this paper we explore whether individual decision making under risk is affected by the cost of the …The supposed irrelevance of historical costs for rational decision making has been the subject of much interest in the …

timing of the resolution of risk onpeople's willingness to take risks, with a special focus on the role of affect. While the … participants put their own money at risk in a real investment task. Moreover,emotions were explicitly measured, including … risk attitudes weremeasured through a web-based questionnaire before the experiment and participants' preferencesfor …

situation where participants face a risky decision that affects only their own earnings. In the social (individual) treatment …

performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …

noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels …

variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk …. Dependent on the timing of the global risk different combinations of anticipated and experienced emotions influence decision …

This paper proposes that risk aversion encourages individuals to invest in balancedskill profiles, making them more … the impactsboth of risk aversion and balanced skills on the likelihood individuals chooseentrepreneurship. Data on Dutch … university graduates provides evidence which supportsthis contention. It thereby raises the possibility that even risk …

theory and in the lab (after accounting for learning effects). …