expected utility theory (EUT). The main focus of this study is the independence axiom on decision making under risk which is … preferences cannot be predicted using EUT and alternative theory is required to predict individual preferences. The alternative … theory of choice has been developed in many previous studies to give a different analysis instead of EUT. We also develop …

. We present a laboratory experiment that studies how residual risk of failure affects willingness to contribute to climate … risk than in treatments without one. We interpret this as an outcome of a psychological process where residual risk puts …

We examine the effects of making multiple contemporaneous risk assessments on auditor sensitivity to the strategic and … non-strategic risk related to managers' financial reporting decisions. We address our research question using a 2x2 … whether the two accounts differ in non-strategic risk. We find that when auditors allocate audit resources among accounts that …

item disclosures alongside quantitative hedging instrument risk disclosures, affects investors' integration of information … from these two related disclosures. Our first experiment varies the hedged item risk disclosure format (quantitative or … qualitative) and the portion of risk hedged (small or large). We find that when disclosure formats are mismatched, the less …