This paper investigates whether exposure to explanatory diagrams can affect a major financial decision. In a controlled … experiment, participants were given pension benefit statements with or without one or two diagrams, before answering incentivised …

Decision makers often take risky decisions on the behalf of others rather than for themselves. Competing theoretical … Risikoaversion im Vergleich zur Situation, bei der der Betroffene selbst die Entscheidung trifft. Die bisherigen empirischen … Ergebnisse aus Laborexperimenten sind ebenso gemischt oder finden keine Unterschiede zwischen der Entscheidung für sich selbst …

works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …

decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and … lower than all possible payoffs of the decision maker. In the neutral context social referent and decision maker will always …