This paper reports the results of an experiment that brings together psychological measures of competence and overconfidence with laboratory economic measures of individual valuations of uncertainty. We examine the valuations of risky and ambiguous lotteries in a financial decision context. The...

This paper reports the results of an experiment that brings together psychological measures of competence and overconfidence with laboratory economic measures of individual valuations of uncertainty. We examine the valuations of risky and ambiguous lotteries in a financial decision context. The...

This paper deals with the question of whether for biodiversity an Environmental Kuznets Curve (EKC) exists. In addition, we are interested in identifying the key determinants of the falling limb of such a curve. An Environmental Kuznets Curve here is understood to be a graphical representation...

On the one hand, empirical evidence shows that in financial markets women seem to behave more risk averse than men. On the other hand there is experimental showing that in risky decisions controlled for opportunity sets only the context matters. In investment and insurance contexts with given...

Wissen und Institutionen sind wichtige Entwicklungsfaktoren für die sogenannten Niedrigeinkommensländer. Was dabei genau unter "Wissen" und "Institutionen" zu verstehen ist und welche politischen Folgerungen zu ziehen sind - dies sind die zentralen Fragen, mit denen sich der...

This paper reports the results of an experiment that brings together psychological measures of competence and overconfidence with laboratory economic measures of individual valuations of uncertainty. We examine the valuations of risky and ambiguous lotteries in a financial decision context. The...