Decision makers often take risky decisions on the behalf of others rather than for themselves. Competing theoretical … oder für andere Personen. Wir verwenden ein „within-subjects“ für unser Experiment, bei dem Vermögensverwalter in …

We test the effects of dual processing differences in both individual traits and decision states on risk taking. In an … experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either … emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision …

changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …

. Using an experiment with online workers, we find that subjects choose the risky lottery rather than a sure payment …

, the nature, causes and implications of the phenomenon for economic theory remain unclear. We present a new experiment …

changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …

Prospect theory (PT) is the dominant descriptive theory of decision making under risk today. For the modeling of … experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …

account for both risky and intertemporal choices, and under the conditions of their experiment, found evidence supporting it … reason to be sceptical about the result is that the experiment was not properly powered up; hence the no-difference results …

their dissimilarity from the perfectly rational decision making? How to rank subjects by risk attitudes? How to cluster …

prospects in a laboratory experiment. Under low stakes, we find the typical risk seeking behavior for small probabilities …