We report a controlled laboratory experiment examining risk-taking and information aggregation in groups facing a … common risk. The experiment allows us to examine how subjects respond to new information, in the form of both privately …

We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … with an individual preference for a choice under risk, based on privately received information, and can share this … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship …

We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an … incentivized investment task. We compare consultation to two benchmark treatments: one with isolated individual choices, and a … second with group choice after communication. Our benchmark treatments replicate findings that groups take more risk than …

risk than individuals in the investment task . In our consultation treatments we find evidence of peer effects: there is …We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an … incentivized investment task. We compare these choices to two benchmark treatments: one with isolated individual choices, and a …

signalling game and test it experimentally. If we have participants play the naked game, at least a minority plays the game …, almost all prosecutors take the signal at face value and knowingly run the risk of loosing in court if the signal was false …

in effort, but that the reverse does not hold true. Using a lab experiment, we show that redistribution choices even …

purposes of punishment, deterrence and special prevention. We investigate Bentham's intuition in a public goods lab experiment …

prevent participants from using their world knowledge about antitrust, we experimentally test them on a neutral matrix game …