prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …

valuation tasks. Also, adding context to the decision problem does not change this outcome. No ratio bias could be found in …

emphasizing variables derived from formal decision theory. In a data set on trainee truckers in a large US company, we provide a … comparing the predictive power of measurements derived from personality theory and decision theory for several individual …. Further, decision theory and personality variables are meaningfully related. For example, we confirm that cognitive ability …

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 …

This paper presents the results of an experiment that completely measures the utility function and probability …

We study the effect of team decision-making on bubbles and crashes in experimental asset markets of the kind introduced … participants generally, we conjecture that they may be due to factors specific to the psychology of decision-making in male …