This paper reports some preliminary experimental results as regards the shape of the utility function for losses when elicited over a wide interval of consequences. Individual utility functions are elicited using the trade-off method, which, unlike standard elicitation procedures, is robust to...

Despite its increasing use and legitimacy, experimental methodology in economics has been subject to some criticism, an extreme version of which concludes to its irrelevance to its object. With no claim to exhaustiveness, the paper presents and discusses some arguments that we consider to be...

Experimental investigations of the probability weighting function over losses are scarce and all involve small payoffs. The paper aims to give new insight into the probability weighting function for losses, by eliciting it through a simple two-stage semi-parametric procedure over more realistic...

A strong positive relation is generally assumed between monetary incentives and effort on the one hand, and between effort and performance on the other hand, which legitimates the introduction of monetary incentives in economic laboratory experiments. Still, the empirical impact of incentives on...