. 40%). The significant interaction effect suggested that group representatives were less cooperative but also more risk … as low-risk than those who perceived this strategy to be high-risk. Overall, group representatives exhibited a tendency …

ambiguity-averse. The second dimension is about whether subjects are risk-loving, risk-neutral, or risk-averse. The third …

choice under risk. Various combinations of these approaches are used with expected utility and rank-dependent theory to …

choice under risk. Various combinations of these approaches are used with expected utility and rank-dependent theory to …

Most experiments on decision theory ask individual subjects to make more than one decision. The isolation hypothesis is … individuals’ attitudes toward risk. It challenges the conventional view that the random lottery incentive mechanism introduces no … biases in inducing risk preferences …

The study investigates protective responses in low probability and high loss risk situations. Particularly, it (1 … measure, (3)calculates relative risk aversion. The results of the experiment indicate that as the probability of loss and loss … (particularly women) are found to be risk averse for low probabilities. …

We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … of uncertainty in our experiments. In two additional treatments, we control for future uncertainty with a continuation … probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …

This paper presents an experimental investigation of risk taking in the domain of losses. The experiments are conducted … with students in several universities during introduction rudiments to expected utility theory and risk behaviour. The …. They also show similarities in the risk perception of students across different countries, i.e., a useful validation of …