This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast inflation and GDP...

This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast inflation and GDP...

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

Injecting sulfate aerosols into the stratosphere could quickly offset global warming caused by anthropogenic greenhouse gas emissions....

Public opinion has a substantial impact on political actions. However, public opinion might be driven by temporary emotions. If these...

We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences of men and...

This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of...

Most experiments on decision theory ask individual subjects to make more than one decision. The isolation hypothesis is commonly used...

People are usually more productive when they are paid according to their performance. Yet, it is reported that women prefer fixed rate...

This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of...

Reducing criminal acts in society is a crucial duty of governments. Establishing punishment structures to attain this goal involves...

The Kiel Canal in Germany connects ports on the Baltic Sea with the rest of the world and is the most-used artificial waterway in the...

This paper establishes a new method for eliciting willingness to pay (WTP) for non-market goods in contingent valuation (CV) studies...

This paper tests Birnbaum’s (2004) theory that the constant consequence paradoxes of Allais are due to violations of coalescing, the...

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

Existing empirical evidence is inconclusive on whether professional investors show sophisticated behavior or not, a question which is...

This paper analyzes agency costs and the moral hazard problem in the presence of income taxation. As basic framework, income taxes are...

The present paper reports a repeated experiment on decision making under risk where subjects have to tackle the same choice problems...

Most experiments on decision theory ask individual subjects to make more than one decision. The isolation hypothesis is commonly used...