illusion of control. By forming their portfolio of tworisky lotteries and one risk-less alternative, subjects are requested to … investment. Also, offering adefault portfolio strongly determines final allocations. …

paper we address two issuesrelated to the effects of MLA on risky investment decisions. First, we assess therelative impact … of feedback frequency and investment flexibility (via theinvestment horizon) on risky investments. Second, given that we … observehigher investments with a longer investment horizon, we examine conditionsunder which investors might endogenously opt for a …

an increase in ambiguity is associated with increased investor activity. It also leads to a reduction in risk …

Exchange economies were created in which individuals faced losses. If people are risk seeking in the losses, as … Edgeworth Box. The experimental results are that risk-seeking behavior is observed in many people and appears in markets as …, risk seeking seems to diminish with experience; preferences in the market setting are not labile; and risk …

We report evidence of an endowment effect for risk, extending previous results to the popular paired-choice lottery … setting. Specifically, we observe a distribution of revealed preferences consistent with risk aversion that diminishes in …

With the rise of experimental research in the social sciences, numerous methods to elicit and classify people's risk … attitudes in the laboratory have evolved. However, evidence suggests that people's attitudes towards risk may change … considerably when measured with different methods. Based on a with-subject experimental design using four widespread risk …

long horizons. We present an experiment comparing decision making under certainty, risk, and ambiguity, over a shorter … lifecycle. Results show that behavior in the ambiguity treatment is markedly different than in the risk condition and it is …