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 decision risk; (iii) after the resolution of the decision risk … problem involves the presence of a “global risk,” that is, a chance of losing everything whichever safe or risky option is …

-based questionnaire before the experiment and participants' preferencesfor 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 onpeople's willingness to …

This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a …

Higher order risk preferences are important determinants of economic behaviour. We apply behavioural insights to this … topic: we measure higher order risk preferences for pure gains and pure losses by controlling the reference point. We find a … reflection effect not only for second order risk preferences, as in Kahneman and Tversky 1979, but also for higher order risk …

estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of …

investment decisions upon market forecasting heuristics. Prices and beliefs about future prices co-evolve over time with mutual …

This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in …

to reduced variation in payoffs within peer groups. Information also improves risk sharing, as the data suggests that … highest earner, we observe a reduction in risk sharing, while highlighting the lowest earner has no effects compared to …