Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...

Regulators of artificial intelligence (AI) emphasize the importance of human autonomy and oversight in AI-assisted decision-making (European Commission, Directorate-General for Communications Networks, Content and Technology, 2021; 117th Congress, 2022). Predictions are the foundation of all AI...

In many models of interdependent preferences the payoffs have not only personal value but also enter the social part of the utility. This duality creates a problem of distinguishing what influences the choice more: consumption or social concerns. To identify what drives the behavior it is...

Some economists believe that the work of neuroeconomists threatens the theory of economics. Glenn Harrison’s paper “Neuroeconomics: A Critical Reconsideration” attempts to set the score, though the points he makes are hidden behind the fumes of his anger (Glenn W. Harrison 2008). The field...

We explore the relevancy of subjects' risk preferences recovered using a subjective risk question to those recovered from the incentivized lottery experiments of Holt and Laury (2002), Gneezy and Potters (1997), and Johnson and Webb (2016). While a statistically significant relationship between...

We provide the theoretical foundations for a new estimation algorithm that non-parametrically infers level-k beliefs from laboratory choices in generalized guessing games with heterogeneous interactions. The algorithm takes the strategic dependencies of the game and subjects' choices as an input...

We provide the theoretical foundations for a new estimation algorithm that non-parametrically infers level-k beliefs from laboratory choices in generalized guessing games with heterogeneous interactions. The algorithm takes the strategic dependencies of the game and subjects' choices as an input...

In this paper influence of behavioral factors (overconfidence and risk aversion) on financial decision making of economic subjects is analyzed. For this purpose two kinds of experiments were conducted: asset market and risk aversion experiments. In conducted asset market sessions subjects, based...

We elicited incentivized and stated measures of risk and time preferences from a sample of undergraduate students in Athens, Greece, as part of a battery of psychological, behavioral and economic measures and traits that could be later matched with data from laboratory experiments. Data...

In this paper influence of behavioral factors (overconfidence and risk aversion) on financial decision making of economic subjects is analyzed. For this purpose two kinds of experiments were conducted: asset market and risk aversion experiments. In conducted asset market sessions subjects, based...