We report evidence of an endowment effect for risk, extending previous results to the popular paired-choice lottery … setting. Specifically, we observe a distribution of revealed preferences consistent with risk aversion that diminishes in …

Decision under risk is one of the most important topics in economics. The underlying assumption of traditional theory … models suggests that weighting function and value function are independent, i.e., value functions are constant under any risk … to independent framework, under the same risk (value), the subject's valuation of one prospect that has a certain value …

disregarded in conflict theory. In this dynamic model of decision making we focus on the time dimension of an escalating conflict … conflicts ; uncertain investment in conflict ; theory of conflict ; decision to attack …Initiating a conflict is an investment in social, political or economic change. The decision to attack is sequential in …

presented provides an ability to evaluate sustainable withdrawal rates and exposure to sequence risk together …

-independent diversification preferences, preferences within models of choice under risk, including expected utility theory and the more general …Diversification represents the idea of choosing variety over uniformity. Within the theory of choice, desirability of … notion of risk aversion when one assumes the von-Neumann-Morgenstern expected utility model, but the equivalence fails to …

We empirically compare the consistency among several measures of risk-taking and patience by evaluating how these … tentatively conclude that relatively low-cost elicitation measures can be used to predict individual decision-making. Accounting …