We investigate the intertemporal and interpersonal allocation behavior ofspouses with different deterministic life expectations in an experiment. In eachperiod of their life both partners propose a consumption level one of which isthen randomly implemented. In spite of the complex dynamics...

We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute their own for alternative investment choices.Overall, 149 subjects participated in two experiments, one with just one risky asset, the other with two risky assets. Overconfidence...