Social norms, also called social comparison nudges, have been shown to be particularly effective in promoting healthy food choices and...

Standard economic theory assumes that individual risk taking decisions are independent from the social context. Recent experimental evidence...

This article analyzes insurance demand under prospect theory in a simple model with two states of the world and fair insurance contracts. We...

We examine experimentally individual preferences for redistributions in the US, Italy, and Norway. Twenty-one subjects were assigned initial...

While reports state that consumers are increasingly willing to consume more sustainably, no study has considered how the activation of very...

The literature reports a tendency that future losses are discounted less than future gains, the so-called sign effect in intertemporal...

The literature suggests that human perception and behavior vary with physical temperature. We provide an experimental test of how different...

We argue that overconfidence wrongly inflates the expected returns to a risky income-generating activity. Overconfidence thus increase the...

Several experimental studies observed substantial violations of transitivity in decisions between risky lotteries over monetary outcomes. The...

Several experimental studies observed substantial violations of transitivity in decisions between risky lotteries over monetary outcomes. The...

In the context of eliciting preferences for decision making under risk, we ask the question: “which might be the ‘best’ method for eliciting...

Abstract: Several models of choice under uncertainty imply systematic violations of transitivity of preference. Our experiments explored...

Abstract: This paper provides preference foundations for parametric weighting functions under rankdependent utility. This is achieved by...

Experiments on choice under risk typically involve multiple decisions by individual subjects. The choice of mechanism for selecting...

This paper presents an experimental study analyzing common consequence effects with binary choice, willingness-to-pay (WTP), and...

Kiel Policy Brief No. 145: The German Environment Agency (UBA) recently calculated the impact of a universal speed limit on Germany highways...

Kiel Policy Brief No. 143: Recent studies have shown that electric cars have lower greenhouse gas emissions than conventional internal...

Climate engineering (CE) and carbon capture and storage are controversial options for addressing climate change. This study compares public...