In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain the choices individuals make when faced with risky prospects. To make this assessment, we use experimental evidence for two random samples of young adults. Using a robust,...

In this paper we report results that suggest that carefully integrated and implemented vocational training and re-entry programs for youthful property offenders can reduce the rate at which such individuals are arrested after release. This result is important since most evaluations of programs...

The appeal of expected utility theory as a basis for a descriptive model of risky decision making has diminished is a result of empirical evidence which suggests that individuals do not behave in a manner consistent with the prescriptive tenets of EUT. In this paper, we explore the influence of...