principles of Expected Utility Theory (EUT) and of Portfolio Selection Theory (PST). The experiment is performed with individuals … providing additional risk that is not compensated by additional expected value. We find that the results of our experiment are …

The results of a new experimental study reveal highly systematic violations of expected utility theory. The pattern of … decision theories - stochastic expected utility theory (Blavatskyy, 2007) and perceived relative argument model (Loomes, 2008 …

In confidence theory, the decision maker relies on statistical regularities from the economic environment to adopt … formation in choice under risk. Three novel experiments are presented that demonstrate the ability of the new theory to explain … confidence theory is an elaboration of Viscusi's prospective reference theory and accounts for the robust violations of expected …

independent RIS (I-RIS), to improve its reliability. We conducted an experiment to evaluate the performances of the standard RIS …

Most experiments on decision theory ask individual subjects to make more than one decision. The isolation hypothesis is …