We design and implement lab experiments, as close as possible to the Ellsberg two-color urn experiment, to evaluate the … do not act on the basis of preferences alone. Third, additional clarification of the decision making environment pushes …

This work reports an online experiment with a general-population sample examining the performance of budget …

subjective beliefs of players. In a laboratory experiment, we measure subjects' certainty equivalents for three coordination … probabilistic decision models, we show that the quality of predictions can be improved when individual characteristics are taken …

aspects of the VBB, such as the number of balls, their color, and their speed, can be easily modified. In an online experiment …

laboratory experiment …

effect of the expected cost of punishment of an individual's decision to engage in a proscribed activity and the effect of … uncertainty on an individual's decision to commit a violation are very difficult to observe in field data. We use a roadway …

The completeness axiom of choice has been questioned for long, and in response, theoretical models of decision making … decision tasks where specific choice patterns are consistent with incomplete preferences under uncertainty but inconsistent …

This paper presents the results of an experiment that demonstrates that personality may have a significant impact on … economic decision making under uncertainty. This impact is indirect since differences in personality characteristics lead … decision makers to seek different types of information which alters the decisions they make. We also show that when information …