higher present period income while facing the risk of being audited and left with a considerable lower income in all … subsequent periods. Because risk attitudes might be different when putting earned versus endowed income at risk we compare … every period. Independent of the treatments we already find high rates of corruption in very early periods. Risk attitudes …

accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …

accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …

accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …

risk. Furthermore, we determine whether subjects are averse to collective risk - the variability in the sum of payoffs of … the other. The first presentation draws attention to inequality in payoffs, the second to collective risk. We find that … risk changes choice only marginally and not significantly, though in the direction of collective risk reduction. We …

One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to … changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …

One fundamental assumption often made in the literature on unawareness is that risk preferences are invariant to … changes of awareness. We study how exposure to unawareness affects choices under risk. Participants in our experiment choose …