are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment … is conducted with subjects randomly drawn from the Danish population. On average, decision makers take the same risks for …

We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment … is conducted with subjects randomly drawn from the Danish population. On average, decision makers take the same risks for …

payoff from the contract. Results from our lab experiment in Ghana indicate that overconfident agents, i.e., agents with …

We provide a preference-based rationale for endogenous overconfidence. Horizon-dependent risk aversion, combined with a … possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An "anxiety prone" agent, who is more … results to the literature on empirically observed overconfidence and excessive risk taking in several domains of financial and …

anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue … in their wagering decision, even though there exists no rational reason to do so. More than half of all wagers occur … manifests itself among college students. Overall, our findings suggest anchoring plays a substantial role in financial decision …

participants. In the other, it is imposed by randomly matching decisions with decision nodes in the information set. The results …

experiment using prepared, restaurant-style meals—a good that is transparent in immediate pleasure (taste) but non-transparent in …