preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …. Third, we find that once people have made a decision, they tend to repeat it, demonstrating a strong preference for the …

not captured by existing models. -- investment decision ; delayed resolution of risk ; emotions ; experiment …-based questionnaire before the experiment and participants' preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …

In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …

The completeness axiom of choice has been questioned for long, and in response, theoretical models of decision making … decision tasks where specific choice patterns are consistent with incomplete preferences under uncertainty but inconsistent …

The decision how to share resources with others often needs to be taken under uncertainty on its allocational … interact in such situations. In this paper we provide experimental evidence on this question. In a first experiment givers are … the realized state of the world. In a second experiment, risk affects the earnings of givers but not of beneficiaries. We …

An extensive literature has studied ambiguity aversion in economic decision making, and how ambiguity aversion can …

the experiment. Moreover, the group effect on the ambiguity-generated insensitivity seems domain dependent. …