temptations and pitfalls of model-land, some directions towards the exit, and two ways to escape. Their aim is to improve decision …

-Based Decision Theory (Gilboa and Schmeidler, 1995). Our subjects face a monopoly decision problem about which they have very limited … predictions of Case-Based Decision Theory, particularly when no immediate feedback is given. We also find evidence that other …We experimentally investigate the disposition of decision makers to use case-based reasoning as suggested by Case …

decision-related reactions within the DSFM time series predicted individual differences in risk attitudes as modeled with the …Decision making can be a complex process requiring the integration of several attributes of choice options … functional magnetic resonance imaging (fMRI) data from an investment decision (ID) study for ID-related effects. We propose a new …

Risk attitude and perception is reflected in brain reactions during RPID experiments. Given the fMRI data, an important … research question is how to detect risk related regions and to investigate the relation between risk preferences and brain … method improves the quality of spatial representations and guarantees the contiguity of risk related regions. The selected …

panic behavior, while risk or ambiguity aversion do not. …

low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision …This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show … problem. There is evidence that risk attitudes depend on whether they are measured by comparing the certainty equivalent and …

cooperate to improve the group's outcome by sharing their wealth in non-compulsory, non-enforceable risk-sharing arrangements …. We find that average subject behavior appears to be motivated by self-interest more than group survival. -- risk sharing …

, such as decision under Knightian uncertainty, the dynamics of economic (in)stability, and the voters’ preferences over …

Behavioral economics characterizes decision-makers using psychologically-informed models. Cognitive science produces …

In the wake of growing awareness, decision makers anticipate that they might become aware of material possibilities and …