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 …

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

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 …

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 …

experiments that aim to measure the prevalence of interdependent preferences. …

capabilities, shorten development time, and spread risk and cost. A question central to the study of knowledge sharing arrangements … results of controlled laboratory experiments which identify how the decision to form research joint ventures changes with both …