. Using an experiment with online workers, we find that subjects choose the risky lottery rather than a sure payment …

endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …

This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … an ambiguity averse subject should reduce ambiguity within a decision process we predicted that these subjects would …

I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity …

In an information cascade experiment participants are confronted with artificial predecessors predicting in line with …

preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

to pass the two most prominent litmus tests for descriptive decision theories under risk: the Allais paradox and the St …

, the nature, causes and implications of the phenomenon for economic theory remain unclear. We present a new experiment …

nature and implications for economic theory remain unclear, for reasons we explain. We present a new experiment which …

preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …