new tests of prospect theory. We implemented our method in an experiment and obtained support for prospect theory. Utility … and Kahneman's (1992) prospect theory. While methods existed to measure event weighting and the utility for gains and … measure prospect theory's entire utility function. Consequently, we can properly identify properties of utility and perform …

We conduct a controlled laboratory experiment in which subjects dynamically choose to allocate their portfolio between … purchasing the bet throughout the experiment. Among the latter group, purchases are most frequent when subjects are rich and when …

We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the …

effect on any risk averse agent's decision variable. We then apply the two stochastic orders to some classic decision … problems in economics and finance including a portfolio problem, two insurance problems, and four management decision problems …

We study the effect of variation in correlation on investment decision in an experimental two asset application … attributed to common behavioral bias in financial decision. Field implications of the results are discussed …

We conduct an experiment to study the prevalence of the higher order risk attitudes of prudence and temperance, in a … individual's level of prudence is predictive of his wealth, saving, and borrowing behavior outside of the experiment, while …

We conduct an experiment to study the prevalence of the higher order risk attitudes of prudence and temperance, in a … individual's level of prudence is predictive of his wealth, saving, and borrowing behavior outside of the experiment, while …

This work reports an online experiment with a general-population sample examining the performance of budget …

We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion …