approaches to understanding bargaining behavior under large risk. …

We experimentally disentangle the effect of information dissemination from the effect of the time horizon on the … investment behavior of a myopically loss averse investor. Our findings show that varying the information condition only suffices …

The concept of Ambiguity designates those situations where the information available to the decision maker is …? The present paper fi…lls these gaps. Speci…fically, it identifi…es those information structures that are incompatible with … information. These are used to give a formal de…finition of Ambiguity and, consequently, to distinguish between ambiguous and …

The concept of Ambiguity designates those situations where the information available to the decision maker is …? The present paper fills these gaps. Specifically, it identifies those information structures that are incompatible with … information. These are used to give a formal definition of Ambiguity and, consequently, to distinguish between ambiguous and …

based on private information and incentives. …

eBay platform and eBay traders) with the techniques of lab experiments. We find a striking relation between information … about agents provided by eBay and their behavior. Information about buyers is correlated with their deviation from true … value bidding. Sellers respond strategically to this information when deciding on their Buy-It-Now prices. Our results …

This paper shows how to take into account risk aversion when measuring poverty under income variability. An application … households are sensitive to assumptions on the degree of risk aversion. The results point to the importance of panel data in … order to account for risk aversion and income variability in the measurement of poverty. …

Income variablity reduces social welfare if individuals are risk averse, and it is likely to increase inequality if … poorer households are more vulnerable to shocks. Using a simple method to estimate risk-adjusted measures of inequality and … welfare and wage data from Mexico, this note shows that it is easier for safety nets to offset the impact of risk on wage …