financial decision making, i.e. the domain of most applied economic decision making. We find no evidence of asymmetric updating …

We design and implement a novel experimental test of subjective expected utility theory and its generalizations. Our … sample of the US population. We find that a majority of subjects’ choices are consistent with maximization of some utility … function, but not with subjective utility theory. The theory is tested by gauging how subjects respond to price changes. A …

We propose a class of multiple-prior representations of preferences under ambiguity where the belief the decision … positive ambiguity attitudes documented in experiments. We prove that our baseline representation, Boolean expected utility … Marinacci, 2004), which drops uncertainty aversion from maxmin expected utility (Gilboa and Schmeidler, 1989), while extensions …

, we present experimental evidence testing whether this 'good-news, bad-news' effect is present in a financial decision … making context (i.e. a domain that is important for understanding much economic decision making). We find no evidence of …

, we present experimental evidence testing whether this 'good-news, bad-news' effect is present in a financial decision … making context (i.e. a domain that is important for understanding much economic decision making). We find no evidence of …

, we present experimental evidence testing whether this 'good-news, bad-news' effect is present in a financial decision … making context (i.e. a domain that is important for understanding much economic decision making). We find no evidence of …

This paper introduces an axiomatic model of decision making where a person's subjective judgment as to the likelihood …