, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual’s risk …-ranked individual is more willing than a low-ranked individual to take risks that can provide him with a rise in rank: relative risk … incorporating (the level of) absolute wealth in the individual's utility function. …

exposure to risk. In this paper, we test whether overconfident people underestimate the probability of incurring an avalanche … dramatic consequences. To test whether the overconfidence bias affects the decision of backcountry skiers to go on a ski trip … under different levels of avalanche risk, we measured individual cognitive traits and then used a random effect logit model …

, utility must be transferable both within marriage and upon divorce, and the marginal rate of substitution between public and …

)) to propose a novel identification strategy of the risk aversion parameters and a specification test. We find that … ignoring the household as unit of decision-making has relevant empirical consequences. In estimation, the individual search … individual search specification implies gender differentials in lifetime utility inequality 74% larger. The results of our policy …

. -- discrete choice ; random utility ; logit model ; consideration sets ; bounded rationality ; revealed preferences …

assume an equivalence between utility under risk and over time, and whether they result in an estimate of the curvature of … preferences, with a focus on the measurement or control for potentially non-linear utility. While the objective of a time … preference experiment is usually to estimate parameters of a discount function, assumptions concerning the nature of utility may …

attain some minimal level of utility. Our argument suggests that when misreporting of income by welfare claimants is … desirable. -- workfare ; welfare ; means-testing ; misreporting ; utility maintenance …

's common restrictions on the curvature of the decision-makers utility function can dramatically bias the altruism parameter. We … show that this is particularly problematic when comparing altruism between groups with well-documented differences in risk … aversion or diminishing marginal utility, i.e., men versus women, giving motivated by pure versus warm glow motives, and …

-based utility in the context of video-game engagement. Using data on 2.8 million matches from League of Legends, we find evidence … surprise, and flow theory from psychology. We then leverage our estimated model and an evolutionary algorithm to find the …