We use probability-matching variations on Ellsberg’s single-urn experiment to assess three questions: (1) How sensitive …

to pass the two most prominent litmus tests for descriptive decision theories under risk: the Allais paradox and the St … rashly restricted CPT to continuous preference functions we might erroneously jump to the conclusion that risk preferences …

, the nature, causes and implications of the phenomenon for economic theory remain unclear. We present a new experiment …

Estimates of agents' risk aversion differ between market studies and experimental studies. We demonstrate that the … background wealth as well as across risky outcomes: Risk aversion is similar whenever similar degrees of narrow framing is … assumed in either setting. Risk aversion, narrow framing, background wealth, laboratory experiments, market studies, equity …

individual and his social reference point. In the experiment we reproduce a workplace environment whereby subjects interact in an … bonus. Controlling for intrinsic risk attitudes, we find that both downward and upward social comparison strongly influence … risk attitudes and that they both generate more risk loving behavior. Moreover, we find that a propension to envy …

This paper studies the effects of social comparison on risk taking be- havior. In our framework, decision makers … experimentally whether different positions in the social ranking determine different risk attitudes. Subjects interact in a simulated … decision that may give them an extra gain. We find that social comparison matters for risk attitudes. In addition, risk …

). Utilizing an experiment with auditors as participants, we examine the effects of different audit guidance frames (i.e., positive …. This, in turn, results in perceptions of a greater risk of material misstatement which thereby results in lower fair value …

This paper uses a laboratory experiment to analyze the impact of different types of information on consumption and …

This paper uses a laboratory experiment to analyze the impact of different types of information on consumption and …