We report the results of an experiment on selective exposure to information. A decision maker interested in learning … source even when prior beliefs are strongly unbalanced and this source is less informative. Our experiment suggests that base …

We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …

We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play … a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores … on the Cognitive Reflection Test of Frederick (2005) indeed are correlated with lower incidences of the conjunction …

irreversible investment. Subjects had the option to trade a safe endowment for a claim on the sum of future realizations from a … initially bet on the state of the world to obtain the high drift, subjects in the treatment group seize the investment at …

We design an experiment to test the hypothesis that, in violation of Bayes Rule, some people respond more forcefully to … information, and control for risk attitude. We find that the strength-weight bias affects expectations, but that its magnitude is … incentive compatibility and controls for risk attitude considerably affect inferences on errors in expectations. …

experiment with 66 students to measure the house-money effect on their risk preferences. They received an amount of money with … group got it the day of the experiment. We find that, when facing possible losses, people in the treatment group showed a … lower tolerance to risk than people in the control group. If the players are assumed to have a CRRA utility function and to …

somewhat reduced when we filter out the effects of risk attitudes. However, even after controlling for risk attitudes our … features of individual risk attitudes including parameters of individual probability weighting. …