, Cumulative Prospect Theory posits a weighting function through which probabilities are transformed into decision weights. An … independent of duration, simple aggregation will nonetheless lead to the inference that the hazard function is state … motivate us to consider the question of possible aggregation bias in the realm of choice under uncertainty. In particular …

According to an early approach, the decision to trust in the one-shot anonymous trust game is intuitively tantamount to … a risky decision: the willingness to bet on the reciprocation of my investment. In a seminal study, Eckel and Wilson … (2004) explored the correlation between risk attitudes (as elicited through a Holt and Laury mechanism) and the behavior of …

Despite intensive research there is no clear evidence for a link between lottery risk preferences and risk involved in … trusting others. We argue that this is partially due to a misalignment of the underlying sources of risk. Trusting is giving up … control to a human source of risk while lottery risk has a mechanistic source. We propose a risky trust game that …

higher moment changes in payoff distributions. Farmer traits such as wealth and risk exposure affect their valuation of these …

decision-related reactions within the DSFM time series predicted individual differences in risk attitudes as modeled with the …Decision making can be a complex process requiring the integration of several attributes of choice options … functional magnetic resonance imaging (fMRI) data from an investment decision (ID) study for ID-related effects. We propose a new …

, decision time is a scarce resource and attention allocation is continuously measured using Mouselab. Subject choices correspond …

This paper estimates the degree of risk aversion of contestants appearing on Vas o No Vas, the Mexican version of Deal …. Further, we vary the level of forecasting sophistication by the agents. We find substantial evidence of risk aversion, the …

restricted to the level of describing decision behaviors, leaving the cognitive mechanisms behind them unknown. It also fails to … predict many decision behaviors in real life. The combination of neuroscience and economics makes it possible to uncover the … underlying mental and neural processes of economic decision making. This paper reviews the findings from the neuroeconomic …

Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical … information problems. This helps explain the prevalence of credit constraints even in a market that specializes in financing high-risk …