We study whether probability weighting is observed when individuals are presented with a series of choices between lotteries consisting of real non-monetary adverse outcomes, electric shocks. Our estimation of the parameters of the probability weighting function proposed by Tversky and Kahneman...

We designed an experiment to test the robustness of Dana, Weber, and Kuang's (DWK), 2007 results. DWK observed that, when participants were given a ``costless'' way --- the click of a button --- to ignore the consequences of their actions on others' payoffs, they chose to remain ignorant and...