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

preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

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 …

: Random Utility, Bounded Rationality, and Deliberate Randomization. We conduct an experiment in which subjects face the same …

Using a revealed preference approach, we conduct an experiment where subjects make choices from linear convex budgets …

. Participants are randomly assigned to an experiment session at a preferred time of day relative to their diurnal preference …

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 …