We examine decision-making under risk in a laboratory experiment. The heart of our design examines how one's propensity …

We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … representative panel of the Dutch population, we test if these measures can explain two different types of behavior: (i) behavior in … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and …

We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … representative panel of the Dutch population, we test if these measures can explain two different types of behavior: (i) behavior in … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and …

This paper presents the first laboratory study of risk-sharing without commitment. Our experiment captures the main … for the shape of the constrained optimal risk-sharing arrangement. In our experiment, participants are matched in pairs … infinite horizon and suffer random income shocks. Risk-averse individuals have incentives to smooth consumption by making …

investment game allows us to test the robustness of the findings. We find a very consistent result that women invest less, and … economic issues. We assemble the data from 15 sets of experiments with one simple underlying investment game. Most of these … thus appear to be more financially risk averse than men. …