prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …

prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …

We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash …

Social preferences have been shown to be an important determinant of economic decision making for many adults. We … present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions …

period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the … experiment. We find that the POUM hypothesis holds under alternative specifications, even when we control for individual fixed …

on life satisfaction. The results have negative implications for the still dominant theory of SWB, set-point theory. This … theory holds that adult SWB does not change in the medium or long term, although temporary fluctuations occur due to specific … life events. Set-point theory has come under increasing criticism in recent years, primarily due to unmistakable evidence …

If choices depend on the decision maker's mood, is the attempt to derive any consistency in choice doomed? In this …