own. For gains we confirm the intuition that being responsible for somebody else's payoffs increases risk aversion, while … in the loss domain we find increased risk seeking. In a second experiment we replicate the finding of increased risk … aversion for large probabilities of a gain, while for small probability gains we find an increase of risk seeking under …

's empirical findings under risk. Furthermore, no significant differences are detected across contexts as regards utility and loss …

(i) judgments of probability, which are assumed to satisfy support theory; and (ii) decisions under risk, which are …

theoretical framework for decision under risk. Our experimental method, based on certainty equivalents, allows to infer …. First, risk attitude for couples is compatible with PT and incorporates deviations from expected utility similar to those … found in individual decision making. Second, couples’ attitudes towards risk are found to be consistent with a mix of …

Author's abstract. This paper study decision-making under risk and decision-making over time made by couples. We … performed a joint experimental elicitation of risk and time preferences both for couples and for their individual members. We … used general behavioral models of decision under risk and over time and measured utility, probability weighting, and …

that risk taking by some businesses differs from that indicated by the Prospect Theory. Enterprises headed by entrepreneurs … are more risk-taking/risk-neutral in the area of gains, and successful large corporations are more risk-averse overall …

uncertainty. J. Risk and Uncertainty 5 297--323.) and Prelec (Prelec, Dra\v{z}en. 1995. The probability weighting function …

risk. Econometrica 47(2) 263-292) break-even hypothesis and suggests that when investors incur a large loss, it might be …

There exists no completely satisfactory theory of risk attitude in current normative decision theories. Existing … notions confound attitudes to pure risk with unrelated psychological factors such as strength of preference for certain … outcomes, and probability weighting. In addition traditional measures of risk attitude frequently cannot be applied to non …

In this paper we examine how risk attitudes change with age. We present participants from age 5 to 64 with choices … probability of the non-zero payoff. Surprisingly, we find that many participants are risk seeking when faced with high …-probability prospects over gains and risk averse when faced with small-probability prospects. Over losses we find the exact opposite …