Aufenanger, Tobias; Wrede, Matthias - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 4, pp. 51-66
On the basis of a laboratory experiment conducted at FAU, we investigated financial decisions under risk and ambiguity … least once. Almost no subject was irrationally risk-seeking, whereas a large share of subjects was irrationally risk …-averse. The number of irrationally risk-averse subjects was higher in the case of ambiguity, when the probabilities of the …