Loss aversion has been used to explain why a high equity premium might be consistent with plausible levels of risk … similarly to investors with high risk aversion. But if so, should these agents not perceive larger gains from international … diversification than standard expected-utility preference agents with plausible levels of risk aversion? They might not, because …

-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 …

-time-search laboratory experiment. The controlled environment that subjects face is stationary, and the payoff-maximizing reservation wage is …

asset portfolio considerations. Based on the modified exchange market pressure index, the paper also proposes a global risk … response index, which reflects the country-specific sensitivity of capital flow pressures to measures of global risk aversion …. For a large sample of countries over time, we demonstrate time variation in the effects of global risk on exchange market …

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 …

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

depletion should increase framing effects. To test this we designed two experiments in which we depleted participants' willpower …

reduce free riding. In this paper we report an attempt to reproduce the findings of Mas and Moretti in a lab experiment. Lab … productivity of colleagues whom they observe. Although the subjects in our experiment are aware of the productivity of others and …