-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly …This experimental study is concerned with the impact of the timing of the resolution of risk on people’s willingness to … inferred from decisions regarding hypothetical choice problems, we had participants put their own money at risk in a real …

This paper analyzes the effects of network positions and individual risk attitudes on individuals' strategic decisions … in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of … factors, such as the number of (direct) neighbors, local clustering and individuals' risk attitudes. …

experiment affects risk taking. We find some evidence of imitation of the risk taking behavior of others that is distinct from …The paper reports the result of an experimental game on asset integration and risk taking. We find evidence that … winnings in earlier rounds affect risk taking in subsequent rounds, but no evidence that real life wealth outside the …

This paper presents experimental evidence that when individuals are about to make a given decision under risk, they are … willing to pay for information on the likelihood that this decision is ex-post optimal, even if this information will not … affect their decision. Our findings suggest that this demand for non-instrumental information is caused by what we refer to …

We conduct a controlled laboratory experiment where subjects dynamically choose their portfolio allocation between a … utility function. We then fit the experimental choices to this model to assess the risk attitude of our subjects. Despite the … substantial heterogeneity across subjects, decreasing absolute risk aversion and increasing relative risk aversion are the most …

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 …

variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision but before the resolution of the investment risk; (iii) after the resolution of the investment …From the viewpoint of the independence axiom of expected utility theory, an interesting empirical dynamic choice …

experiment to measure risk attitudes. We find robust evidence of substantial risk aversion. As an extension, we esimate the … various models using transformations of the ‘true’ probabilities to decision weights. The estimated degree of risk aversion … increases further, while players tend to overestimate substantially their chances of winning. Constant Relative Risk Aversion …

consistent with the theoretical results: in the experiment, investment levels with and without legal protection are comparable …