decision. We find that investment decreases as a result of transitions from the first to the third level and we even observe … lower investments in case of positive changes in income. Investment decreases most if negative valuation adjustments are …-based decreases in net income. For larger positive and negative adjustments the impact of valuation levels on investment turns out to …

models predict both, higher as well as lower levels of risk aversion when taking risk for others, and the experimental … evidence is mixed. In our within-subject design, money managers have substantial responsibility by taking investment decisions … managers invest significantly less for others than for themselves (cautious shift) which is mainly driven by a less risk averse …

-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …

negotiation situations. We report the results of a laboratory experiment that was designed to isolate the effect of the curse of …

A nonparametric approach is presented to test whether decisions on a probability simplex could be induced by … risk, stochastic choice, and ex-ante fairness considerations. The method is particularly suitable for data collected in a … laboratory experiment. …

In this paper, we design an investment game which allows us to study the influence of selection when learning from … others. Using the theoretical study of selection neglect in Jehiel (2018) as a guide, we test (i) for the presence of … selection neglect in this investment context, and (ii) some comparative static predictions of the model. We find strong evidence …

In this paper we report the results of a laboratory experiment, in which we observed the behavior of agents in a simple … experiment. We investigate whether subjects manage to approach optimal behavior even if they lack important information …

) multiple price list. Parametric and non-parametric measures of risk preferences are found to shift towards risk neutrality for …