not captured by existing models. -- investment decision ; delayed resolution of risk ; emotions ; 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 …

risk and typically need to assume stability of these characteristics over time and across decision domains. We test the … reliability of two choice tasks for eliciting discount rates, risk aversion, and probability weighting and assess the stability of … largely uncorrelated with decisions in other important life domains involving intertemporal trade-offs and risk. …

We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 … employers. Employers can observe investment behavior, but not investors' ability types. Thereby, reputational incentives may …

explaining heterogeneity in important life outcomes and behavior. -- risk preference ; time preference ; social preferences …

In a laboratory experiment, we measure subjects' willingness to pay for a transparently useless decision right …

The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of … from the terms offered; and subjects often appear to be too risk averse with regard to small gambles (while still accepting … from judgments based on imprecise (and noisy) mental representation of the decision situation. In this model, risk aversion …

risk, showing that the effect of prior experiences depends on task similarity. Beyond that, we extend these findings to …