This paper presents the results of an experiment that completely measures the utility function and probability weighting function for different positive and negative monetary outcomes, using a representative sample of N = 1935 from the general public. The results confirm earlier findings in the...

This paper presents the results of an experiment that completely measures the utility function and probability weighting function for different positive and negative monetary outcomes, using a representative sample of N = 1935 from the general public. The results confirm earlier findings in the...

We measure risk preferences for decisions that involve more than a single monetary attribute. According to theory, the multivariate risk preferences correlation aversion, cross-prudence (coskewness preference) and cross-temperance (cokurtosis aversion) determine how univariate risk preferences...

This study reports the results of the first artefactual field experiment designed to measure the prevalence of aversion toward different components of social risks in a large and demographically representative sample. We identify social risk preferences for wealth and health for losses and...