In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain … explain the decision-making behavior of the majority of our subjects. Surprisingly, we find that the choice behavior of the … of risky decision making …

reports on direct measures of preference parameters relating to risk tolerance, time preference, and intertemporal … of preference parameters display substantial heterogeneity. The majority of respondents fall into the least risk …-tolerant group, but a substantial minority display higher risk tolerance. The individual measures of intertemporal substitution and …

amniocentesis always entails the risk of miscarriage of a healthy fetus, these costs are lower at early ages, because there is a …

across the board, while better decision making results in fewer intensive procedures for the low risk, but more for the high …: Procedural decision making and skill performing procedures. Higher procedural skill increases the use of intensive procedures … risk. Deriving empirical analogues to our theoretical measures for the case of C-section, we show that poor diagnosticians …

This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that … Chinese subjects in our experiments became less accepting of Confucian values, such that they became significantly more risk …

Traditional economic models of vaccination assume that agents free-ride on the vaccination decision of others. These …