This research examined whether people can accurately predict the risk preferences of others.Three experiments featuring different designs revealed a systematic bias: that participants predicted others to be more risk seeking than themselves in risky choices, regardless of whether the choices...

Business and consumer surveys are the main source of agents' expectations. In this study we use survey expectations about a wide range of economic variables to forecast GDP growth. We propose an empirical approach to derive mathematical functional forms that link survey-based expectations to...

It is crucial to more thoroughly understand discounting behaviour because it has important implications for designing interventions with financial incentives for behavioural change. This means examining discounting functional forms as well as discount rates and establishing their impacts across...

This research explores whether there are systematic cross-national differences in choice-inferred risk preferences between Americans and Chinese. Study 1 found(a) that the Chinese were signi®cantly more risk seeking than the Americans, yet(b) that both nationals predicted exactly the opposite...