This paper compares two prominent empirical measures of individualrisk attitudes | the Holt and Laury (2002) lottery-choice task and the multi-itemquestionnaire advocated by Dohmen, Falk, Human, Schupp, Sunde and Wagner(forthcoming) | with respect to (a) their within-subject stability over time...

In a large-scale laboratory experiment, we investigate whether subjects’ scores on the cognitivereflection test (CRT) are related to their susceptibility to the base rate fallacy, the conservatismbias, overconfidence, and the endowment eect.

We study a multi-task principal-agent problem in which tasks can be in directconflict with each other. In theory, it is difficult to induce a single agent toexert efforts in two conflicting tasks, because effort in one task decreases thesuccess probability of the other task. We have conducted an...