Based on an experiment in the lab, we classify behavior in one-shot normal-form games along three important dimensions … ambiguity-averse. The second dimension is about whether subjects are risk-loving, risk-neutral, or risk-averse. The third …

contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed … efficiency gains, the presence of risk and uncertainty about the public good's value is not detrimental to cooperation. This … ?nding casts doubt on the hypothesis that risk and uncertainty, per se, weaken people's willingness to contribute. …

success of a risky project depends on the participation of a minimum number of investors. The experiment is set up as a … frameless coordination game that replicates the investment context. Results confirm the insidious nature of the illiquidity risk …

belief about the own rank in a real effort task, and subjects’ risk preferences. In this paper I am able to replicate these …

belief about the own rank in a real effort task, and subjects' risk preferences. In this paper I am able to replicate these …

In an experiment with professionals from the financial services sector, we investigate the impact of a team incentive …

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 …

explore this possibility, I develop a theory that unifies models of investment choice, informal risk sharing, and formal … financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large … inefficiencies. First, borrowers free-ride on their partners, making risky investments without compensating partners for this risk …