decision. We find that investment decreases as a result of transitions from the first to the third level and we even observe … lower investments in case of positive changes in income. Investment decreases most if negative valuation adjustments are …-based decreases in net income. For larger positive and negative adjustments the impact of valuation levels on investment turns out to …

models predict both, higher as well as lower levels of risk aversion when taking risk for others, and the experimental … evidence is mixed. In our within-subject design, money managers have substantial responsibility by taking investment decisions … managers invest significantly less for others than for themselves (cautious shift) which is mainly driven by a less risk averse …

A nonparametric approach is presented to test whether decisions on a probability simplex could be induced by … risk, stochastic choice, and ex-ante fairness considerations. The method is particularly suitable for data collected in a … laboratory experiment. …

In this paper we report the results of a laboratory experiment, in which we observed the behavior of agents in a simple … experiment. We investigate whether subjects manage to approach optimal behavior even if they lack important information …

choice between risky and ambiguous Ellsberg urns, we let them choose between a safe option and a risky lottery, whose risk is …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … request more information. Moreover, we investigate whether the relation between attitudes towards risk and ambiguity is linked …

risk aversion, ambiguity attitude and personality traits are related to an individual's information acquisition prior to a … find that risk and ambiguity aversion affect the information acquisition but are less influential for the decisions between … reduzieren. Die Studie untersucht, wie Risikoaversion, die Einstellung zu Ambiguität und verschiedene Persönlichkeitsmerkmale …

The current study examines individual decision making in the field of personal finance. A laboratory experiment …Dieses Papier untersucht individuelles Entscheidungsverhalten im Bereich Finanzen. Ein Experiment beleuchtet auf welche …

We study higher-order risk preferences, i.e. prudence and temperance, next to risk aversion in social settings …. Previous experimental studies have shown that higher-order risk preferences affect the choices of individuals deciding … different social settings under controlled conditions. We elicit higher-order risk preferences of individuals and systematic …