Very often the risks of driving are expressed in terms of the total number of deaths that occur yearly as the result of motor vehicle operation. Yet, despite the thousands of people who die each year in automobiles in the U.S. alone, driving behavior seems relatively unresponsive to statistical...

In this chapter, we report on three psychometric scaling studies, summarized in Table 1. In each study, participants rated a given set of hazards on a range of risk characteristics and indicated the degree of risk reduction and regulation they desired. Based on this data, we explore the...

We introduce and test a new tool designed to measure "relationship closeness". Studying relationship closeness has a long history in psychology and is currently expanding in other fields including economics. Our new measurement tool is a refinement of the widely used "Inclusion of Other in the...

Existing research has demonstrated carryover effects whereby emotions generated in one context influence decisions in other, unrelated ones. We examine the carryover effect in relation to valuations of risky and ambiguous lotteries with a novel focus on the comparison of carryovers arising from...

This paper reports an experiment investigating how different kinds of experience influence the endowment effect. Previous studies have investigated how the endowment effect is influenced by experience gained through repetition of decision problems and trading in natural and experimental markets....