The current experiment compares risk preference in choices for self and others. The experimental task is based on Holt & Laury (2002) Multiple Price List paradigm. Participants chose among ten sets of gambles. Their choices affected either themselves or other participants in matched reciprocal...

Some consumption opportunities are both indivisible and only valuable in particular tates of nature. The existence of such state-dependent indivisible consumption opportunities influences a person’s risk attitudes. In general, people are not risk averse anymore even if utility from divisible...

Some consumption opportunities, e.g. medical treatments, are both indivisible and only valuable in particular states of nature. The existence of such state-dependent indivisible consumption opportunities influences a person's risk attitudes. In general, people are not risk averse anymore even if...