Preference reversal concerns a systematic divergence between prices of lotteries and
subjects' expressed preferences for playing the respective lotteries. This article surveys the …

An extension to Ellsberg's experiment demonstrates that attitudes to ambiguity and
compound objective lotteries are tightly associated. The sample is decomposed into three …

We use the Becker-DeGroot-Marschak (BDM) mechanism to estimate willingness to pay
(WTP) for and heterogeneous impacts of clean water technology through a field experiment …

We compare the capability of the Becker–DeGroot–Marschak (BDM) mechanism and the
Vickrey auction to reveal willingness-to-pay information for a sample of French consumers …

We study the design of randomized controlled experiments when outcomes are significantly
affected by experimental subjects' unobserved effort expenditure. While standard …

Three reasons for why people may evaluate utility in a rank-dependent fashion have been
suggested:(a) rank-dependent weighting is a function of perceptual biases and thus not …

This paper reports on three laboratory experiments designed to investigate the roles of
decision costs and rewards on the accuracy of economic decisions. The experimental …

Our experiments investigate the extent to which traders learn from the price, differentiating
between situations where orders are submitted before versus after the price has realized. In …

Choice is viewed as a derived, not a primitive, concept. Individual gambles are assigned
subjective certainty equivalents (CE 1); the choice set X has an associated reference level …

I investigate the relationship between attitudes towards ambiguity and the ability to reduce
compound risks. The evidence from an experiment on adolescents shows that patterns …