. We reexamine this issue with an experiment that accounts for possible confounds in prior insurance experiments. Our … extent underinsurance for catastrophic risk is observed in the field, it can be attributed to factors other than the relative …

-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …

We report on an experiment in which subjects choose actions in strategic games with either strategic complements or … substitutes against a granny, a game theorist or other subjects. The games are selected in order to test predictions on the …

others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …

individuals’ attitudes toward risk. It challenges the conventional view that the random lottery incentive mechanism introduces no … biases in inducing risk preferences …

We report results from a laboratory experiment that explores the effects of preference communication and leader … leader’s decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …

measure, (3)calculates relative risk aversion. The results of the experiment indicate that as the probability of loss and loss …The study investigates protective responses in low probability and high loss risk situations. Particularly, it (1 … (particularly women) are found to be risk averse for low probabilities. …

We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …