We investigate whether violations of canonical axioms of choice under risk are mistakes or a manifestation of true … preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …-term insurance contracts that automatically consider price changes over time can thus also deliver a reduction in the insurance gap …. Third, we find that once people have made a decision, they tend to repeat it, demonstrating a strong preference for the …

This paper presents the results of an experiment that completely measures the utility function and probability … individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender … differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding …

degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …

are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

the realized state of the world. In a second experiment, risk affects the earnings of givers but not of beneficiaries. We …The decision how to share resources with others often needs to be taken under uncertainty on its allocational … consequences. Although risk preferences are likely important, existing research is silent about how social and risk preferences …

We present a theory of context-dependent risk preferences under which within-state payoff comparisons and regret … choice problem, we show that our theory can account for both these prominent decoy effects. We test our theoretical … predictions with an online experiment, including comparative statics results. We find strong evidence for the attraction and the …

risk preferences. Here, we develop an analogous tool for choice under uncertainty - the ambiguity triangle - and show that … characterize this heterogeneity with finite-mixture estimates of a one-parameter extension of Expected Utility Theory wherein 48 …

We use a laboratory experiment to identify the impact of risk in the private and public dimensions of social … to others. We find a detrimental effect of risk on public good provision when returns in both dimensions are risky and … positively correlated or independent. A negative correlation limits the downside risk and leads to more stable social investments …