The literature has mixed results on how formal insurance affects informal risk sharing. Whether such effect is … surprisingly, that informal risk sharing is significantly improved after the removal of formal insurance, primarily for subjects … insurance acting first to share more risk for their partners. We propose a model based on a particular feature of social …

We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …

We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …

Most theories of risky choice postulate that a decision maker maximizes the expectation of a Bernoulli (or utility or … useful for out-of-sample prediction. Nor do we find practical applications of Bernoulli functions in major risk …

The experiment reported in this paper identifies the effect of experience on revealed risk attitudes by examining “one …-shot” insurance choices made by subjects faced with a low-probability risk and their choices when they are faced with repeated … exposure to an identical risk. I find that subjects engaged in greater risk taking when making repeated choices. Estimates from …

The Holt-Laury measure for risk aversion has been used extensively in economic studies to measure individuals' risk … aversion. The idea behind this measure is that individuals have stable risk preferences when making decisions under risk. We … show that having repeated experiences with the Holt-Laury task can move individuals from exhibiting “risk aversion” to …

risk. Furthermore, we determine whether subjects are averse to collective risk — the variability in the sum of payoffs of … the other. The first presentation draws attention to inequality in payoffs, the second to collective risk. We find that … risk changes choice only marginally and not significantly, though in the direction of collective risk reduction. We …

by a theory that captures responses to both the pure quality of decisions and the perceived luck of the decision maker …, in other words, a good decision with moral luck theory …Many economic agents, including CEOs, physicians, entrepreneurs, and political leaders are entrusted with decision …

We describe a risk protocol that combines the rigor of economic studies of risk with the ecological validity of tasks … from psychology. Despite a wealth of experimental contributions on risk preferences, stemming from a variety of elicitation … tasks, the external validity of standard measures of risk is questionable. In this study we focus on a risk task - the …

This is the web appendix of the paper "Experiments on Compound Risk in Relation to Simple Risk and Ambiguity …