We report evidence of an endowment effect for risk, extending previous results to the popular paired-choice lottery … setting. Specifically, we observe a distribution of revealed preferences consistent with risk aversion that diminishes in …

Decision under risk is one of the most important topics in economics. The underlying assumption of traditional theory … models suggests that weighting function and value function are independent, i.e., value functions are constant under any risk … to independent framework, under the same risk (value), the subject's valuation of one prospect that has a certain value …

, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual's risk …-ranked individual is more willing than a low-ranked individual to take risks that can provide him with a rise in rank: relative risk …

temptations and pitfalls of model-land, some directions towards the exit, and two ways to escape. Their aim is to improve decision …

We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process …-assessed risk tolerance measures are not suitable for predicting risk taking in any stage of the decision process. Among the …. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions …

So far, "salience theory of choice under risk" has been mainly applied to situations of risk rather than to those of … uncertainty. In this paper, we show that salience theory provides the prediction that Allais paradoxes should never occur in the …

disregarded in conflict theory. In this dynamic model of decision making we focus on the time dimension of an escalating conflict … conflicts ; uncertain investment in conflict ; theory of conflict ; decision to attack …Initiating a conflict is an investment in social, political or economic change. The decision to attack is sequential in …

We empirically compare the consistency among several measures of risk-taking and patience by evaluating how these … tentatively conclude that relatively low-cost elicitation measures can be used to predict individual decision-making. Accounting …