risk preferences and time preferences is very much a function of the way that experimenter incentivize choices. Another …

As technology-assisted decision-making is becoming more widespread, it is important to understand how the algorithmic … study the preference for human or algorithmic decision makers in re-distributive decisions. In particular, we consider … whether algorithmic decision maker will be preferred because of its unbiasedness. Contrary to previous findings, the majority …

affected in risky environments in which the payoff of the recipient is random. We demonstrate that, whenever the risk is …

We experimentally investigate the Outcome Bias in financial decision making. In three treatments, we vary the cognitive …

The predictive power of Cumulative Prospect Theory (CPT) and Expected Utility Theory (EUT) is typically compared using …

applies a meta-decision theory to the question of what kind of decision theory (rational choice or behavioral decision theory … uncertainty with the help of advanced empirical techniques. This prepares the ground for decision making under risk in an expected … uncertain to provide a solid basis for legal reasoning. This paper claims that in such cases, rules for decision making under …

alter the profile of decision makers in the global population. These changes highlight the challenges (e.g., rising …

Decision makers often take risky decisions on the behalf of others rather than for themselves. Competing theoretical … models predict both, higher as well as lower levels of risk aversion when taking risk for others, and the experimental … managers invest significantly less for others than for themselves (cautious shift) which is mainly driven by a less risk averse …

Decision makers often take risky decisions on the behalf of others rather than for themselves. Competing theoretical … models predict both, higher as well as lower levels of risk aversion when taking risk for others, and the experimental … managers invest significantly less for others than for themselves (cautious shift) which is mainly driven by a less risk averse …