estimation approach. The behavioral models used for structural estimation are based on expected utility theory (EUT), prospect … theory (PT) and model parameters. The superiority of the models is also examined. The results of the structural estimations … collective risk preferences, 4) the switching phenomena that occur during Holt and Laury's experiment with lottery pairs can be …

consistent with microeconomic theory is discussed …

long horizons. We present an experiment comparing decision making under certainty, risk, and ambiguity, over a shorter …

This paper presents the first laboratory study of risk-sharing without commitment. Our experiment captures the main … for the shape of the constrained optimal risk-sharing arrangement. In our experiment, participants are matched in pairs …-horizon and discounting in the model. Second, at the end of the experiment, a unique period is randomly drawn to count for cash …

implementation of profitable building projects. We present a novel laboratory experiment on the feasibility of TDR and simulate the … consumption projects. Overall, we find that TDR are reallocated as suggested by theory, although higher uncertainty has …

absence of group deliberation − affects the choice. The experiment utilizes the Interdependent Security Dilemma paradigm. In …

aversion (CRRA). Using the data from a recent experiment by Holt and Laury (2002), it is shown that most subjects' behavior is … experiment. Within-subject data do not allow discriminating between the two hypotheses. Using between-subject data, maximum …