We analyze one of the explanations why people participate in lotteries. Our hypothesis stipulates that part of the … value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope … emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may …

Social lotteries are lotteries that are played along with someone else. The experimental literature indicates that risk … explicitly draws attention to risk at the level of the pair and may thus moderate dislike for negatively correlated lotteries, as … those are less risky at the level of the group. We find that a significant minority of subjects keeps on disliking lotteries …

State of Israel and the West Bank as an exogenous shock to test changes in fundamental preferences. We find that the wall … patterns of time-varying discount rates and heterogeneity across socio-economic groups. We test alternative mechanisms linking …

We study the effect of embedding pairwise choices between lotteries within a choice list on measured risk attitude …. Using an experiment with online workers, we find that subjects choose the risky lottery rather than a sure payment …

We study the heritability of risk, uncertainty, and time preferences using a field experiment with a large sample of … economic preference parameters directly without employing proxy measures. Our incentive-compatible experiment is the first twin …