such differences are driven by different attitudes towards competition. In our experiment subjects choose between a … social norms whose nature and origin we discuss. -- competition ; tournament ; piece rate ; gender ; risk-aversion ; relative … ability ; experiment …

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 …

We study risk-aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the … risk, medical decision theory predicts lower treatment thresholds for risk-averse than for risk-neutral decision makers … Aversion ; Prudence ; Laboratory Experiment …