attractive attracted under risk conditions. …

Prospect theory (PT) is the dominant descriptive theory of decision making under risk today. For the modeling of … choices, PT relies on a psychologically founded separation of risk attitudes into attitudes towards outcomes, captured in a … experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown …

variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk … problem involves the presence of a “global risk,” that is, a chance of losing everything whichever safe or risky option is …

risk aversion, ambiguity attitude and personality traits are related to an individual’s information acquisition prior to a … find that risk and ambiguity aversion affect the information acquisition but are less influential for the decisions between … reduzieren. Die Studie untersucht, wie Risikoaversion, die Einstellung zu Ambiguität und verschiedene Persönlichkeitsmerkmale …

In this paper, we match data on student performance in a multiple-choice exam with data on student risk preferences … that are extracted from a classroom experiment. We find that more-loss-averse students leave more questions unanswered and … evidence that loss aversion parameters extracted from lottery choices in a controlled experiment have predictive power in a …

, overconfidence bias, and regret aversion bias) and investment decisions through a meta-analysis approach. Design … at how emotional biases (loss aversion bias, regret aversion bias, and overconfidence bias) affect investment decisions … analysed 31 empirical studies and found a significant positive correlation between emotional biases and investment decisions …