is not recognized. -- information cascade ; Bayes' Rule ; decision under risk and uncertainty ; experimental economics …

We study the effect of variation in correlation on investment decision in an experimental two asset application … attributed to common behavioral bias in financial decision. Field implications of the results are discussed …

bounded rationality. Experimentally observed choice behavior in various decision tasks is used to assess heterogeneity in how … regarding concerns nor risk attitude matter and probability of the binary chance move is (optimal) choice …-irrelevant, categorizing decision types relies on parameter dependence and choice adaptations. We find that most participants reduce …

deliberate has evolved for good reason. But on many more tasks than one might think at first sight, intuitive decision-making, or …

is an alternative to Cumulative Prospect Theory in describing choices under risk (Kontek, 2010). The stretched … concerning choices under conditions of risk, the other concerning choices in time. The paper first presents the general formula … of the relationship between decision utility, the survival function, and the discounting function, where decision utility …

). Decision Utility Theory proposes straightforward risk measures, presents a simple explanation of risk attitudes by using the …. Decision Utility Theory presents an alternative solution, which makes no use of this concept. The new theory distinguishes … (1952), and applies the expected decision utility value similarly to the theory by von Neumann and Morgenstern (1944 …

In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …

take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality, and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This likely contributes to the predictive power of the …

take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This enlightens why the general risk question is a better …