designed to separate inequality aversion from risk aversion. In a set of laboratory experiments, subjects chose between two …Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature … alternative with constant risk level implies a higher level of inequality aversion. The experiment was conducted among 211 eight …

Recent studies report that economic inequality is associated with reduced government expenditures on social programs … effectsÓ of group heterogeneity on cooperation. We test the hypothesis that inequality within a group reduces individual … contributions in a canonical public goods experiment. Unlike previous examinations of inequality and public good provision, our …

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 …

choice under risk. Various combinations of these approaches are used with expected utility and rank-dependent theory to …

This paper presents a series of experiments that confront subjects with low probability, high loss situations. A rich … willingness to pay for insurance. We do not observe the bimodal distribution of bids found in other studies of similar risk …

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. …