This study compares the performance of Prospect Theory versus Stochastic Expected Utility Theory at fitting data on … Allais paradox or the fourfold pattern of risk attitudes. Stochastic Expected Utility Theory parsimoniously extends the … standard microeconomic model, whereas Prospect Theory, the benchmark for aggregate choice so far, is based on psychological …

-survey experiment to investigate how knowledge of party positions affects policy choices. We followed standard procedures in developing … an attribute-based choice experiment on alternative land-use policies in Switzerland. In contrast to the usual … ; choice experiment ; contingent valuation ; landscape ; heuristics ; information ; preference formation ; public goods …

Using an online multi-country video-vignette survey experiment, we measure bias against extractive industries and …