experiment, decision-makers are both risk-seekers (i.e., the mean WTP for insurance is on average smaller than the expected value … compensation schemes and ambiguity on insurance and self-insurance decisions. Consistent with theory, we find that government … increases WTPs for insurance. This result, which indicates that decision-makers are ambiguity averse, is in line with previous …

In this paper we show that the wildly popular Holt and Laury (2002) risk preference elicitation method confounds … estimates of the curvature of the utility function, the traditional notion of risk preference, with an estimate of the extent to … that our new method yields significantly different levels of implied risk aversion than the Holt and Laury task even after …

Despite the fact that conceptual models of individual decision making under risk are deterministic, attempts to … econometrically estimate risk preferences require some assumption about the stochastic nature of choice. Unfortunately, the … inferences about structural risk preferences across the competing specifications. Overall, a mixture model combining the two …

This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results … individuals are risk averse with no specific threshold probability. …

outcomes from the risk. The finding has implications for theoretical models of decision-making under uncertainty, and can speak …We examine whether prior exposure to environments with a varying degree of risk affects individuals’ risk …-taking behavior. Using a laboratory experiment, we find that subjects exposed to a high risk environment exhibit higher levels of risk …

discuss the claims of Andreoni and Sprenger (2012b) that "risk preferences are not time preferences" and assert that this may …

The paper reports the result of an experimental game on asset integration and risk taking. We find evidence that … winnings in earlier rounds affect risk taking in subsequent rounds, but no evidence that real life wealth outside the … experiment affects risk taking. We find some evidence of imitation of the risk taking behavior of others that is distinct from …

belief about the own rank in a real effort task, and subjects’ risk preferences. In this paper I am able to replicate these … males. Additionally, I show that individual characteristics are more important for the entry decision in more competitive …