effect. Relying on a simple experiment, we investigate which failure of these axioms is concomitant with the empirical …

detailed investigation – the first of its kind – of the 1952 Paris conference on risk, which set the context for the invention … experimental definition of rationality", this new use consists in letting the experiment itself speak of the rationality or …

is linked to risk-related characteristics, such as risk tolerance and optimism. This indicates a potential problem as …

is linked to risk-related characteristics, such as risk tolerance and optimism. This indicates a potential problem as …

We study in an experiment whether humans prefer to depend on decisions of other humans (social uncertainty) or states … other humans. This is the first experiment that studies social uncertainty that does not derive from a strategic situation …

We investigate the decision of experimental subjects to incur the risk of revealing personal private information to … in the laboratory. We show that individual decisions to incur privacy risk are correlated with decisions to incur … monetary risk. We find that partially depriving subjects of control over the revelation of their personal information does not …

the realized state of the world. In a second experiment, risk affects the earnings of givers but not of beneficiaries. We … consequences. Although risk preferences are likely important, existing research is silent about how social and risk preferences … interact in such situations. In this paper we provide experimental evidence on this question. In a first experiment givers are …

We implement an experiment to elicit subjects’ ambiguity attitudes in the spirit of Ellsberg’s three-color urn. The …