In this paper we investigate how the experience of stock market shocks, like the COVID-19 crash, influences risk taking … behavior. To isolate changes in risk taking from a variety of other confounding factors during stock market crashes, we ran …

Tournament incentives’ schemes have been criticized for inducing excessive risk-taking among financial market …

This paper's objective is to design a laboratory experiment to explore the effect of ambiguity on a subject's search … faced with ambiguity over wage distributions. …

they know more about, even when their beliefs are held constant. (They are averse to "ambiguity", or uncertainty about … probability.) We review evidence, recent theoretical explanations, and applications of research on ambiguity and SEU. …

notions of second- order risk. This finding is robust even when there is only partial ambiguity, and is applicable to all … (KMM) interpret ambiguity aversion as aversion against second-order risks associated with ambiguous acts. We design an … utility all predict unequivocally that risk-averse decision makers (DMs) will avoid the 50 - 50 urn that exhibits the highest …

toward multiple-prior uncertainties in terms of ambiguity and its corresponding compound risk. Our findings point to a shared …

importance of excuse-driven behavior is comparable under ambiguity and under risk. Individuals exploit any type of uncertainty as … individuals use this ambiguity strategically as a moral wiggle room to act less generously without feeling guilty. Such excuse …

confidence and ambiguity attitudes in individual decision making. Different ambiguity settings not only can be determined by the … multistage experiment where subjects face different sources of ambiguity and where we are able to control for self …' ambiguity aversion. Our regressions show that the two measures are significantly correlated at the subject level, that the …