We document the main features of a database that has been constructed for use in an applied general equilibrium model. The model is designed to evaluate policies of the European Community (EC), including membership. The database includes each of the major members of the EC in the 1970s: Germany,...

The experimental evidence against expected utility theory is, on balance, either uninformative or unconvincing. When one modifies the experiments to mitigate these criticisms the evidence tends to support traditional theory.