We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors … performance, together influence the decision to hold on to or to capitulate on an investment. We study the relative contribution … decision to capitulate an investment, however, only depends directly on the expectation about the stock’s future performance …

We study the effect of variation in correlation on investment decision in an experimental two asset application … attributed to common behavioral bias in financial decision. Field implications of the results are discussed …

uncertain to provide a solid basis for legal reasoning. This paper claims that in such cases, rules for decision making under … applies a meta-decision theory to the question of what kind of decision theory (rational choice or behavioral decision theory … uncertainty with the help of advanced empirical techniques. This prepares the ground for decision making under risk in an expected …

alter the profile of decision makers in the global population. These changes highlight the challenges (e.g., rising …

Decision makers often take risky decisions on the behalf of others rather than for themselves. Competing theoretical …

Decision makers often take risky decisions on the behalf of others rather than for themselves. Competing theoretical …

verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective … acquired. Roughly half of the participants do not base their decision on a subjective belief of the probability of guilt. The …

Consumers often have to decide whether to acquire information in high-stakes decision domains. We study women in …