Current decision-making models assume that an individual's attitude towards risk does not vary across different sources … result suggests that individuals are subject to knowledge illusion in decisions under risk, constituting source …-dependent risk attitudes. We document that knowledge illusion stems from the wrongly assigned importance of perceived expertise in …

investigating known-risk gambles and ambiguous gambles have systematically used the urn context. Little systematic research has …

, teams should get more risk-loving as they fall further behind, matching prospect theory preferences. When leading, risk …We study an observable risk-return tradeoff for which risk "preferences" are normatively prescribed by the desire to … aversion should increase with the lead, running counter to typical risk preferences. We find strong evidence that players trade …

We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process …. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions … after receiving outcome information on previous decisions. We find that in all decisions risk taking can be predicted by …

ability”, such as poor education, unemployment, and little financial sophistication. Based on prospective reference theory, we … is linked to risk-related characteristics, such as risk tolerance and optimism. This indicates a potential problem as …

ability", such as poor education, unemployment, and little financial sophistication. Based on prospective reference theory, we … is linked to risk-related characteristics, such as risk tolerance and optimism. This indicates a potential problem as …

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