risk preferences. Here, we develop an analogous tool for choice under uncertainty - the ambiguity triangle - and show that … characterize this heterogeneity with finite-mixture estimates of a one-parameter extension of Expected Utility Theory wherein 48 …

In prosocial decisions, decision-makers face interpersonal uncertainty - uncertainty about how their choices impact … remove social consequences but retain uncertainty, revealing strikingly similar patterns across both. Second, we exogenously … vary interpersonal uncertainty to estimate the aversion to interpersonal uncertainty and quantify how it combines with …

This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of …

increases in risk taking. Where we can separately identify changes in risk-independent performance and risk taking, our … increases in risk taking. These effects are concentrated among those closest to the margin of elimination and among lower …

take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This enlightens why the general risk question is a better …

How does small-firm employment respond to exogenous labor productivity risk? We find that this depends on the … depends on the weather. Weather risk reduces this employment, and the effect is stronger in regions where the regional banks …

for firms. We rationalize these findings in a model of risk sharing between a risk-averse firm and workers with limited …

Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about … measurable separately from the levels of risk beliefs. People with higher levels of imprecision update their beliefs more in …

Using a new survey of firms in New Zealand, we document how exogenous variation in the macroeconomic uncertainty … macroeconomic uncertainty of some firms. The effects on their decisions relative to their initial plans as well as relative to an … technologies or open new facilities. These ex-post effects of uncertainty are similar to how firms say they would respond to higher …

. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be … men winning the tournament significantly more often than women under uncertainty and ambiguity. These findings suggest … disparities from increasing under uncertainty and ambiguity. …