We investigate risk-sharing without commitment by designing an experiment to match a simple model of voluntary … implications of risk-sharing without commitment. In particular, we find strong evidence of risk-sharing and reciprocal behavior …, where transfers are higher with a higher continuation probability and with a higher degree of risk aversion. However …

We report in this paper the result of three experiments on risk, ambiguity and time attitude. The first two differed by … elicitation of risk, time and ambiguity attitudes and the relationship among these (model free) measures. We find that on the … cautions manner in the risk and ambiguity domain. When we drop this population from the sample, the correlation between our …

Are poor people more or less likely to take money risks than wealthy folks? We find that risk attraction is more … prevalent among the wealthy when the amounts of money at risk are small (not surprising, since ten dollars is a smaller amount … for a wealthy person than for a poor one), but, interestingly, for the larger amounts of money at risk the fraction of the …

exported to nonstrategic experiments, where a participant reports a complete list of contingent decisions, one for each …-Domènech and Silvestre, 1999, 2002, 2006a, b) by appropriately chosen replications of the original experiments. We find no evidence …

experiments with real (not hypothetical) loses. Our results vindicate Daniel Bernoulli’s view that risk aversion is the dominant …We experimentally question the assertion of Prospect Theory that people display risk attraction in choices involving … attitude, But, contrary to the Bernoulli-inspired canonical expected utility theory, we do find frequent risk attraction for …

approaches to understanding bargaining behavior under large risk. …

risk-averse (risk-loving) but unbiased bargainer is empirically indistinguishable from what one could get with risk …-neutrality and pessimism (optimism). This paper reports data from a controlled bargaining experiment where risk preferences and … beliefs are both measured in order to assess their relative importance in bargaining outcomes. The average lab subject is risk …

Experimental research on decision making under risk has until now always employed choice data in order to evaluate the …