Many decisions are interactive; the outcome of one party depends not only on its decisions
or on acts of nature but also on the decisions of others. Standard game theory assumes that …

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 …

Time constraints, managerial power, and reputational concerns can impede board
communication. This paper develops a model where board decisions depend on directors' …

This study reports an experiment that examines whether groups can better comply with
theoretical predictions than individuals in contests. Our experiment replicates previous …

This paper experimentally investigates how individual preferences, through unrestricted
deliberation, are aggregated into a group decision in two contexts: reciprocating gifts and …

We study household decision making in a high-stakes experiment with a random sample of
households in rural China. Spouses have to choose between risky lotteries, first separately …

This paper focuses on decisions under ambiguity. Participants in a laboratory experiment
made decisions in three different settings:(a) individually,(b) individually after discussing the …

Purpose Managers must make numerous strategic decisions in order to initiate and
implement a business model innovation (BMI). This paper examines how managers …

Most decision-making research in economics focuses on individual decisions. Yet, we know,
from psychological research in particular, that individual preferences can be sensitive to …

We study prudence and temperance (next to risk aversion) in social settings. Previous
experimental studies have shown that these higher-order risk preferences affect the choices …