risk than individuals in the investment task . In our consultation treatments we find evidence of peer effects: there is …We investigate experimentally the effect of consultation (unincentivized advice) on choices under risk in an … incentivized investment task. We compare these choices to two benchmark treatments: one with isolated individual choices, and a …

In a laboratory experiment, we measure subjects' willingness to pay for a transparently useless decision right …

laboratory experiment in which subjects purchase products associated with externalities. In six between-subjects treatments, we …

in each asset, e.g. because traders maximize an expected Constant Relative Risk Aversion utility with unitary coefficient … dependent fractions, e.g. they are derived from the maximization of expected Constant Relative Risk Aversion utility with non …

investment rules that depend on endogenously determined current and past prices. We find that market instability, leading to …, conditioning investment decisions on asset prices implies that dominance of an investment rule on others, as measured by the …. Second, the feedback existing between past realized prices and current investment decisions can lead to a form of …

This experimental study investigates the impact of affective attitudes on risk and return estimates of stocks …. Participants rate well-known blue-chip firms on an affective scale and forecast risk and return of the firms' stock. We find that … positive affective attitudes lead to a prediction of high return and low risk, while negative attitudes lead to a prediction of …

We study risk-aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the … frequency and intensity of second- and third-order risk preferences, as well as the effect of the medical decision context. Risk … risk, medical decision theory predicts lower treatment thresholds for risk-averse than for risk-neutral decision makers …

such differences are driven by different attitudes towards competition. In our experiment subjects choose between a … women. Women are mainly influenced by their degree of risk aversion, but men are not. Men compete more against men than … social norms whose nature and origin we discuss. -- competition ; tournament ; piece rate ; gender ; risk-aversion ; relative …

We examine generational differences in risk-taking behavior by means of a laboratory experiment with monetary … incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion …, probability weightings and reference point adoption of elderly and young groups. The results of our experiment indicate that the …