This paper presents an experimental investigation of risk taking in the domain of losses. The experiments are conducted … with students in several universities during introduction rudiments to expected utility theory and risk behaviour. The …. They also show similarities in the risk perception of students across different countries, i.e., a useful validation of …

Most experiments on decision theory ask individual subjects to make more than one decision. The isolation hypothesis is … individuals’ attitudes toward risk. It challenges the conventional view that the random lottery incentive mechanism introduces no … biases in inducing risk preferences …

This paper explores the effect of personality traits on: (1) the willingness to make risk-taking decisions on behalf of … a group, (2) the nature of "choice shifts", i.e. the difference between the amount of risk taken in the group context …. Neuroticism explains the within-gender variance in individual risk-taking among women, who are on average more risk-averse than …

The study investigates protective responses in low probability and high loss risk situations. Particularly, it (1 … measure, (3)calculates relative risk aversion. The results of the experiment indicate that as the probability of loss and loss … (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 … of uncertainty in our experiments. In two additional treatments, we control for future uncertainty with a continuation … probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …

leader’s decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …

Experimental research on decision making under risk has until now always employed choice data in order to evaluate the …

This is a very draft version of the report "The random-lottery incentive system. Can p~1 experiments deductions be … "certain-uncertain" inconsistency, the deductions from the random-lottery incentive experiments, those include the certain …