Heimer, Rawley; Iliewa, Zwetelina; Imax, Alex; Weber, Martin - 2021 - This draft: March 1, 2021
experiments, we compare people's initial risk-taking plans to their subsequent decisions. In both settings, people accept risk as … part of a "loss-exit" strategy-planning to continue taking risk after gains and stopping after losses. Actual behavior … accept risk when offered a commitment to their initial strategy. Our results help reconcile seemingly contradictory findings …