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 … emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may …

participate in lotteries. Our hypothesis stipulates that part of the value that a unit of money buys in lotteries is consumed … prefer a delayed resolution of risk due to positive anticipatory emotions. This conjecture is tested in an experiment with …

We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences …

(one field, two laboratory) through which we test a theoretical model and some informal extensions. Specifically, we …

This paper provides evidence from a field experiment on the effect of psychological pressure in competitive … environments. In our experiment, we analyze a setup of sequential tournaments, in which participants are matched in pairs and …

experiment, we analyze a setup of sequential tournaments, in which participants are matched in pairs and experience a kind of …

shown by Carol Dweck’s life-long research. In this paper, we conduct a field experiment to investigate whether self … mindset subjects are less over-confident than growth mindset persons, the latter earning the highest incomes in our experiment … literature on behavioral finance, in our experiment, the higher the degree of overconfidence, the lower the investment in risky …

We conduct an experiment to study the prevalence of the higher order risk attitudes of prudence and temperance, in a … choices between lotteries of the form proposed by Eeckhoudt and Schlesinger (2006). The choices in these lotteries isolate … individual’s level of prudence is predictive of his wealth, saving, and borrowing behavior outside of the experiment, while …