, such as Prospect Theory and Stochastic Reference Dependence, only under very specific, and unlikely, correlational …

of defense policy, namely an increase in the security of citizens, by means of a survey-based discrete choice experiment …

psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost …Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good … bias and to test some prominent psychological mechanisms. Inspired by the hypothetical scenarios, we use a two …

that judges would have an anti-speculator bias. However, in an actual behavioral study, 185 judges did not exhibit such … bias. In another sample of 170 professional lawyers, we found weak support for an anti-speculator bias. This evidence …

We report the results of an experiment on selective exposure to information. A decision maker interested in learning …. In line with the theory, subjects are more likely to seek confirmatory information when sources are symmetrically … source even when prior beliefs are strongly unbalanced and this source is less informative. Our experiment suggests that base …

In the expected-utility theory of the monetary value of a statistical life, the so-called dead-anyway effect discovered …