benchmark theory. The difference's robustness to a number of variations provides insights about the drivers of this effect. …

making observable decision errors under risk. … positive correlation between decision time and the probability of making mistakes. Such behavior is compatible with rational …

Women are commonly stereotyped as more risk averse than men in financial decision making. In this paper we examine … whether this stereotype reflects actual differences in risk taking behavior by means of a laboratory experiment with monetary … incentives. Gender differences in risk taking may be due to differences in subjects’ valuations of outcomes or to the way …

There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk aversion. A striking … equating these to risk aversion measures defined in a mean-variance framework. This paper shows that while the legitimacy of … the mean-variance approach may hold under general conditions the additional assumptions invoked when estimating the risk …

. Surprisingly, we have null findings for testosterone as well as estradiol and cortisol. Controlling for risk aversion does not … ; Gender ; Competition ; Aggression ; Dominance ; Risk-taking ; Endocrinological economics …

of perceived wage risks as potential influences on the sorting decision. To this end, we study a sorting decision between … individual piece rates and team piece rates. Using experimental data, we find evidence for both risk diversification … considerations and free-riding concerns (i.e., risk of teaming-up with low-productive teammates) as drivers of self …

. We show that the technology with a lower critical mass is risk-dominant and is chosen by the maximin criterion. We … present experimental evidence that both pay-off dominance and risk dominance explain participants' choices. The relative …

, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that …This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a … choice between risky and ambiguous Ellsberg urns, we let them choose between a safe option and a risky lottery, whose risk is …