Underlying preferences are often considered to be persistent, and are important inputs into
economic models. We first conduct an extensive review of the disparate literature studying …

Natural disasters constitute a persistent threat to economic welfare in many places,
particularly in develo** countries. Not only can disasters transform living circumstances …

Economists and psychologists have developed a variety of experimental methodologies to
elicit and assess individual risk attitudes. Choosing which to utilize, however, is largely …

When making risky decisions, people should evaluate the consequences and the chances
of the outcome occurring. We examine the risk-preference hypothesis, which states that …

Measurement error is ubiquitous in experimental work. It leads to imperfect statistical
controls, attenuated estimated effects of elicited behaviors, and biased correlations between …

Social norms can help solve pressing societal challenges, from mitigating climate change to
reducing the spread of infectious diseases. Despite their relevance, how norms shape …

This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at
measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which …

This paper will focus on the relationship between cognitive ability and decision-making
under risk and uncertainty. Taken as a whole, this research indicates that cognitive ability is …

This paper reconsiders the wide agreement that females are more risk averse than males.
We survey the existing experimental literature, finding that significance and magnitude of …

Evidence shows that people's preference for risk changes considerably when measured
using different methods, which led us to question whether the common practice of using a …