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 …

This paper experimentally investigates investment behavior.We find that global risk – i.e. risk independent of an agent …’sinvestment decision (like political risk) – substantiallydecreases investment. Also effort to obtain the capital usedfor investment … decreases investment substantially. Theseresults are neither in line with expected utility theory norwith psychologically …

The provision of non-pecuniary incentives in education is a topic that has received much scholarly attention lately …

We design a novel experiment to identify aversion to pure (univariate) health inequality separately from aversion to … income-related and income-caused health inequality. Participants allocate resources to determine health of individuals … preferences while accounting for noise. The median person has strong aversion to pure health inequality, challenging the health …

investment task. Moreover,emotions were explicitly measured, including anticipatory emotions experienced during the waitingperiod … measured during the experiment.Main findings are that delayed resolution can affect investment, that the effect depends on the …