judge ten multiple-outcome lotteries or ten n-dimensional income distributions in terms of both ratings and valuations. This … (lotteries versus income distributions) effects in subjects' perceptions concerning the two types of Lorenz relations. We found … the existence of a marked response-mode effect, as only the ratings of the lotteries and income distributions confirm both …

-to-pay (WTP) for risky lotteries. The direction of the income effect is reversed by endowing subjects with the highest price of a …

This paper provides a comparative experimental study of risky prospects (lotteries) and income distributions. The … experimental design consisted of multi-outcome lotteries and n-dimensional income distributions arranged in the shapes of ten … response-mode effects, which cause inconsistent behavior between rating and valuation of lotteries and income distributions in …

Social lotteries are lotteries that are played along with someone else. The experimental literature indicates that risk … explicitly draws attention to risk at the level of the pair and may thus moderate dislike for negatively correlated lotteries, as … those are less risky at the level of the group. We find that a significant minority of subjects keeps on disliking lotteries …

We analyze one of the explanations why people participate in lotteries. Our hypothesis stipulates that part of the … value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope …

-to-pay (WTP) for risky lotteries. The direction of the income effect is reversed by endowing subjects with the highest price of a …

lotteries to have a chance of crossing a purchasing threshold. One implication of this is that income effects for individuals … who choose to play lotteries are likely to be larger than for the general population. Using UK data on lottery wins, other …