One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to … changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …

One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to … changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …

of behavior under risk ; then we look at dynamic theories under risk; and finally look at decision making under ambiguity … number of methodological issues concerning the conduct of experiments, and relating to the econometric analysis of the data …

We propose the Virtual Bingo Blower (VBB) as a way to generate credible risk and ambiguity in computerized experiments …

find that individuals' risk preferences are predictive for giving in both experiments. Increased risk exposure of … consequences. Although risk preferences are likely important, existing research is silent about how social and risk preferences … not exposed to risk while beneficiaries' final earnings may be larger or smaller than the allocation itself, depending on …

disclosed the payoff structure; (2) the choice treatment in the context of SDM under risk, where the decision makers are … distribution lead to robust deviations from maximisation. The results of the choice treatment show that the risk-averse decision …

of the degree of ambiguity, competence, and familiarity. This study goes beyond valuation experiments to examine the …