This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and … decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment … lower than all possible payoffs of the decision maker. In the neutral context social referent and decision maker will always …

variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk …. Dependent on the timing of the global risk different combinations of anticipated and experienced emotions influence decision …

This paper considers a general class of stochastic dynamic choice models with discrete and continuous decision …

psychophysics, in which deviations from average behavior are termed (statistical) errors; and the latter's work on decision theory … a new descriptive theory of human decision making in the real world, coined Heuristics and Biases. The 1979 Econometrica …