We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence … risk attitudes. Finally, we find that self-reported confidence correlates significantly with features of individual risk …

The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of … from the terms offered; and subjects often appear to be too risk averse with regard to small gambles (while still accepting … from judgments based on imprecise (and noisy) mental representation of the decision situation. In this model, risk aversion …

challenging traditional models that assume taxes only influence behaviour via the budget constraint. Using a lab experiment, this …

The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of … from the terms offered; and subjects often appear to be too risk averse with regard to small gambles (while still accepting … from judgments based on imprecise (and noisy) mental representation of the decision situation. In this model, risk aversion …

We report on an experiment in which subjects choose actions in strategic games with either strategic complements or … substitutes against a granny, a game theorist or other subjects. The games are selected in order to test predictions on the …

We present an experiment that investigates the effect of the fee structure and past returns on mutual fund choice. We … future returns are independent of past returns, these past returns are an important determinant of subjects' investment …

by a large literature. Here we test whether the occurrence of bubbles depends on the experimental subjects' cognitive … sophistication. In a two-part experiment, we first run a battery of tests to assess the subjects' cognitive sophistication and …

Do women and men behave differently in financial asset markets? Our results from an asset market experiment using the … period. Additional analysis shows the results are not due to differences in risk aversion, personality, or math skills …

challenging. Here, we consider investment opportunities that change randomly, while payoffs are observable only when invested. In …

price follows geometric Brownian motion and the money account has a constant interest rate. I experimentally test Nicolosi …