. We reexamine this issue with an experiment that accounts for possible confounds in prior insurance experiments. Our … results are counter to the prior experimental evidence, as we observe subjects buying more insurance for low … extent underinsurance for catastrophic risk is observed in the field, it can be attributed to factors other than the relative …

willingness of men and women to make risky decisions on behalf of a group, (2) the amount of risk men and women take for the group … lower fraction of women being willing to make the group decision than men. The amount of risk taken for the group is … like to make the group decision and the women that do not are no different in terms of how much risk they take for …

This paper explores the effect of personality traits on: (1) the willingness to make risk-taking decisions on behalf of … a group, (2) the nature of "choice shifts", i.e. the difference between the amount of risk taken in the group context …. Neuroticism explains the within-gender variance in individual risk-taking among women, who are on average more risk-averse than …

leader's decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …

leader's decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …

Most experiments on decision theory ask individual subjects to make more than one decision. The isolation hypothesis is … individuals’ attitudes toward risk. It challenges the conventional view that the random lottery incentive mechanism introduces no … biases in inducing risk preferences …

leader’s decision of how much risk to take, we study the effects of two treatment variables: (1) whether group members can …

, which expose the agent to a high degree of risk, generate higher performance than cost-equivalent contracts with lower or no … risk exposure. I find that probability distortions that result from likelihood insensitivity-cognitive limitations that …

We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … of uncertainty in our experiments. In two additional treatments, we control for future uncertainty with a continuation … probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …