Duersch, Peter; Servátka, Maros - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 2007
. This is compared with a risk free treatment. We find that subjects do not change their behavior in the face of risky … outcomes. Additionally, we measure risk attitude and the emotions of subjects. While we find a strong influence of emotions …, individual risk aversion has no effect on the decision to punish or reward. This is good news for lab experiments who abstract …