their own risk preferences. The observed allocations are consistent with four different views of justice under uncertainty. … choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when … some recipients are exposed to uncertainty. Although, under certainty almost all uninvolved participants distribute …

discourage socially desirable activities. Contributions from the economic theory of law suggest that increasing legal uncertainty …Doctrinal lawyers strive to reduce legal uncertainty based on the premise that difficult to predict legal consequences … can be socially beneficial. We test in an innovative laboratory experiment whether increasing the variability of an …

coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In …

We analyze the effect of employment-quota policies on the development of uncertainty and stereotypes in a model of … identical, higher uncertainty about one group can result in discriminatory employment decisions. The success of a quota in …

Both economists and psychologists are interested in understanding decision making under uncertainty. Yet, they rely on … different concepts to analyse human behaviour: Economists use economic preference parameters rooted in utility theory, while … used to study individuals' attitudes towards uncertainty. A novelty of this paper is to include both the economic concept …

in a diverse set of economic domains. In this paper, we relate the recent concept of cognitive uncertainty with … overconfidence. Cognitive uncertainty represents a decision maker's uncertainty about her action optimality. We present a simple … model of overconfidence based on the concept of cognitive uncertainty. The model relates the concepts theoretically and …

We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true …

Uncertainty-seeking behavior is currently understood as the result of loss aversion which motivates a preference for … others, we offer responsibility aversion as another possible motive for uncertainty-seeking behavior. Within our conceptual … or her perceived risk of responsibility. The results of five studies support a responsibility aversion motivation behind …

This paper explores three aspects of strategic uncertainty: its relation to risk, predictability of behavior and … subjective beliefs of players. In a laboratory experiment we measure subjects' certainty equivalents for three coordination games … and one lottery. Behavior in coordination games is related to risk aversion, experience seeking, gender, and age. From the …