choice problem concerns the investment of an amount of money in a safe option and a risky option when there is a 'global risk …We investigate a novel dynamic choice problem in an experiment where emotions are measured through self-reports. The … risk can reduce the amount invested in the risky option. This result cannot be explained by classical Expected Utility or …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …

-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly … measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the …This experimental study is concerned with the impact of the timing of the resolution of risk on people’s willingness to …

consistent with the theoretical results: in the experiment, investment levels with and without legal protection are comparable …Understanding the impact of legal protection on investment is of major importance. This paper provides a framework for … addressing this issue, and shows that investment may actually be higher in the absence of legal protection. Focusing on the …

’s minds when they lose money than when real losses are hidden by purely nominal gains. Using a survey experiment with a large …

points. The implications of this model are tested in an experiment in which participants have to make a consumption choice …

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey …. We test the behavioral relevance of this survey measure by conducting a complementary field experiment, based on a … representative sample of 450 subjects, and find that the general risk question is a good predictor of actual risk-taking behavior. We …

Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in … economically important ways. To test this, we designed a controlled experiment using first year college students who made choices …

target spending corresponds to shortfall aversion. According to the closed-form solution of the associated spending-investment …

We examine a simple measure of portfolio performance based on prospect theory, which captures not only risk and return … but also reflects differential aversion to upside and downside risk. The measure we propose is a ratio of gains to losses …, with the gains and losses weighted (if desired) to reflect risk-aversion for gains and risk-seeking for losses. It can also …