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

interaction of social preferences and risk, the first part of the experiment elicits subjects’ individual risk preferences. Here … experiment, subjects are randomly paired. The same choice problems are repeated but now the subject’s decisions also have … are determined by one random decision. The results indicate that many people are willing to bear more risk (or to forego a …

, suggesting that social interaction or consultation improves the decision making process. Greater transparency for the decision … reflecting the structure of the preference relations. However, we do find some cases where the less difficult decision leads to a … higher rate of decision error, both for individuals and groups; we argue that this is consistent with the representativeness …

to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …. Third, we find that once people have made a decision, they tend to repeat it, demonstrating a strong preference for the …

This study presents basic analysis of individual preferences by experiment set and provides evidence that encounters … expected utility theory (EUT). The main focus of this study is the independence axiom on decision making under risk which is …

account for both risky and intertemporal choices, and under the conditions of their experiment, found evidence supporting it … reason to be sceptical about the result is that the experiment was not properly powered up; hence the no-difference results …

their dissimilarity from the perfectly rational decision making? How to rank subjects by risk attitudes? How to cluster …