Y2K Bibliography of Experimental Economics and Social Science
Individual Decisions, Risk, Uncertainty, and Biases

updated December 29, 1999
Charles A. Holt, cah2k@virginia.edu, suggestions and corrections welcome
(for online and personal use only)


Abdellaoui, Mohammed, and Bertrand Munier (1996) “Rank Dependant Utility vs. Expected Utility: An Experimental Comparison (with English summary),” Revue Economique, 47:3 (May), 567-576. Keywords: experiments, decisions, non-expected utility, rank-dependent utility. Email Contact: abdella@grid.ens-cachan.fr

Ahlbrecht, M., and M. Weber (1996) “The Resolution of Uncertainty: An Experimental Study,” Journal of Institutional and Theoretical Economics, 152:4 (December), 593-607. Keywords: experiments, decisions. Email Contact: weber@bank.bwl.uni-mannheim

Albanese, Paul J., ed. (1988) Psychological Foundations of Economic Behavior, New York and London: Greenwood Press, Praeger. Keywords: experiments, decisions, psychology.

Albers, Wulf, and Gisela Albers (1983) “On the Prominence Structure of the Decimal System,” in Decision Making Under Uncertainty, edited by R. W. Scholz, Amsterdam: Elsevier, 271-287. Keywords: experiments, decisions, prominence. Email Contact: walbers@wiwi.uni-bielefeld.de

Albers, Wulf (1998) “Recent Results of the Theory of Prominence,” Bielefeld University, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, psychology, prominence, lottery choice, focalness. Abstract: This paper applies a theory of prominence (based on evaluation of numerical stimuli in the decimal system) to explain median behavior of subjects in lottery-choice tasks. Email Contact: walbers@wiwi.uni-bielefeld.de

Albers, Wulf, Robin Pope, Bodo Vogt, and Reinhart Selten (1998) “Attractions to Chance: Exploration, Adventure, Challenge, Curiosity, Wonder, Thrills, Kicks, Love of Excitement, Enjoyable Tension,” University of Bonn, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, attraction to chance, risk aversion. Abstract: The thesis is that subjects in experiments enjoy an attraction to chance during a pre-outcome period, after a choice is made but before the outcome is known. Email Contact: robin@sfbb4.econ1.uni-bonn.de

Allais, Maurice (1953) “Le Comportement de l'homme Rationnel devant le Risque, Critique des Postulates et Axiomes de l'Ecole Americaine,” Econometrica, 21503-546. Keywords: experiments, decisions, Allais paradox.

Allais, Maurice, and Ole Hagen, eds. (1979) Expected Utility Hypotheses and the Allais Paradox: Contemporary Discussions of Decisions under Uncertainty with Allais' Rejoinder, Dordrecht: Reidel. Keywords: experiments, decisions, expected utility theory, Allais paradox.

Allen, F. (1987) “Discovering Personal Probabilities when Utility Functions are Unknown,” Management Science, 33542-544. Keywords: experiments, decisions, elicitation, probability judgement.

Allsopp, Louise, and John D. Hey (1999) “Two Experiments to Test a Model of Herd Behavior,” University of York, Discussion Paper. Keywords: experiments, decisions, cascades, information, herd behavior, Bayes' rule. Abstract: This paper provides an experimental test of the Banerjee model of herd behavior. Herding does occur, but not as frequently as theory predicts. Herding is affected by the probability of receiving a signal and by its accuracy, contrary to theoretical predictions. Email Contact: jdh1@york.ac.uk

Altaf, M. A. (1993) “Attitude Towards Risk: An Empirical Demonstration of Context Dependence,” Journal of Economic Behavior and Organization, 21:1 (May), 91-98. Keywords: experiments, decisions, risk aversion, context dependence.

Anand, P. (1990) “Two Types of Utility: An Experimental Investigation into the Prevalence of Casual and Evidential Utility Maximization,” Greek Economic Review, 12:1 (June), 58-74. Keywords: experiments, decisions, utility theory.

Anderson, Lisa R. (1999) “Payoff Effects in Information Cascade Experiments,” College of William and Mary, Discussion Paper. Keywords: experiments, decisions, information cascades, methodology, incentive effects, logit equilibrium. Abstract: The paper reports the effects of changing payoff levels on behavior in information cascade experiments. Offering a $2 payment for a correct prediction lowers logit error rates estimated with a logit model, below levels obtained with hypothetical incentives. A doubling the payoff to $4 does not produce a further reduction in the error rates. Email Contact: lrande@mail.wm.edu

Andersson, Fredrik, and Ha*kan J. Holm (1998) “Transparency Preference and Economic Behavior,” Journal of Economic Behavior and Organization, 37:3 349-356. Keywords: experiments, decisions.

Argote, L., M. A. Seabright, and L. Dyer (1986) “Individual Versus Group Use of Base Rate and Individuating Information,” Organizational Behavior and Human Decision Processes, 3865-75. Keywords: experiments, decisions, probability judgement, Bayes' rule, base rate fallacy, group decisions.

Argote, L., R. Devadas, and N. Melone (1990) “The Base-Rate Fallacy: Contrasting Processes and Outcomes of Group and Individual Judgement,” Organizational Behavior and Human Decision Processes, 46296-310. Keywords: experiments, decisions, probability judgement, Bayes' rule, base rate fallacy.

Arkes, Hal, and K. R. Hammond (1987) Judgement and Decision Making: An Interdisciplinary Reader, Cambridge, U. K.: Cambridge University Press. Keywords: experiments, decisions, judgement, biases, psychology.

Arkes, Hal, Cynthia Joyner, Mark Pezzo, Jane G. Nash, Karen Siegel-Jacobs, and Eric Stone (1994) “The Psychology of Windfall Gains,” Organizational Behavior and Human Decision Processes, 59331-347. Keywords: experiments, decisions, windfall gains, methodology, psychology.

Arrow, Kenneth J. (1982) “Risk Perception in Psychology and Economics,” Economic Inquiry, 20(1)(January), 1-9. Keywords: experiments, decisions, risk aversion, psychology.

Arrow, Kenneth, Robert Solow, P. Portney, Edward Leamer, Roy Radner, and H. Schuman (1993) “Report of the NOAA Panel of Contingent Valuation,” Federal Register, 58:10 4602-4614. Keywords: experiments, decisions, contingent valuation, referenda, methodology, incentives, hypothetical bias, policy.

Arthur, W. B. (1991) “Designing Economic Agents that Behave Like Human Agents: A Behavioral Approach to Bounded Rationality,” American Economic Review Papers and Proceedings, 81353-359. Keywords: experiments, decisions, bounded rationality, simulation.

Aymard, Stephane, and Daniel Serra (1999) “Dynamic Optimization and Backward Induction: An Experimental Study,” University of Montpellier, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, decisions, backward induction, dynamic optimization, renewable resource, subject pool effects, non-student subjects. Abstract: Subjects made sequential decisions in a single-person renewable resource extraction problem, with a constant growth rate and a finite number of periods. Efficiencies are high and increase with experience, and student subjects perform better than non-student (employed) subjects. Email Contact: stf@sceco.univ-montpl.fr

Ballinger, T. Parker, and Nathaniel T. Wilcox (1997) “Decisions, Error, and Heterogeneity,” Economic Journal, 1071090-1105. Keywords: experiments, decisions, stochastic choice. Email Contact: econjb@uhupvm1.uh.edu

Banks, Jeffrey S., Mark Olson, and David P. Porter (1997) “An Experimental Analysis of the Bandit Problem,” Economic Theory, 10:1 (June), 55-77. Keywords: experiments, decisions, bandit problem. Email Contact: bnks@hss.caltech.edu

Barrios, Carolina (1999) “Eliciting Individual Utility Functions: New and Classical Methods Compared,” Cachan, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, decisions, elicitation, utility, lottery equivalent method, tradeoff method. Abstract: Individuals' utility functions are elicited in several different manners. The new methods based on comparisons of lotteries (tradeoff and lottery equivalent methods) yield consistent utility information, which differs from utility information elicited using classical methods based on comparisons of lotteries and certainty equivalents. Email Contact: barrios@grid.ens-cachan.fr

Basmann, R. L., Raymond C. Battalio, and John H. Kagel (1976) “An Experimental Test of a Simple Theory of Aggregate Per-Capita Demand Functions,” Schweizerische Zeitschrift fur Volkswirtschaft und Statistik, 112:2 (June), 153-173. Keywords: experiments, decisions, consumer demand. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond, John Kagel, Robert Winkler, E. Fisher, R. Basmann, and L. Krasner (1973) “A Test of Consumer Demand Theory Using Observations of Individual Consumer Purchases,” Western Economic Journal, 11:4 (December), 411-428. Keywords: experiments, decisions. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C. (1974) “An Experimental Investigation of Consumer Behavior in a Controlled Environment,” Journal of Consumer Research, 1(September), 52-60. Keywords: experiments, decisions, consumer behavior. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., John H. Kagel, and Robert C. Winkler (1975) “Analysis of Individual Behavior in Controlled Experiments: An Economist's Perspective,” in Experimentation in Controlled Environments and Its Implications for Economic Behavior and Social Policy Making, edited by C. G. Miles, Toronto: Addiction Research Foundation, 89-101. Keywords: experiments, decisions, methodology. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., John H. Kagel, and Morgan O. Reynolds (1977) “Income Distributions in Two Experimental Economies,” Journal of Political Economy, 85:6 (December), 1259-1272. Keywords: experiments, decisions,* income distribution. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., John H. Kagel, and Morgan O. Reynolds (1978) “A Note on the Distribution of Earnings and Output Per Hour in an Experimental Economy,” Economic Journal, 88:352 (December), 822-829. Keywords: experiments, decisions, effort, labor/leisure choice. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., John H. Kagel, and Leonard Green (1979) “Labor Supply Behavior of Animal Workers: Towards an Experimental Analysis,” in Research in Experimental Economics, Vol. 1, edited by V. L. Smith, Greenwich, Conn.: JAI Press, 231-253. Keywords: experiments, decisions, labor/leisure choice, animal subjects. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., Leonard Green, and John H. Kagel (1981) “Income-Leisure Tradeoffs of Animal Workers,” American Economic Review, 71:4 (September), 621-32. Keywords: experiments, decisions, labor/leisure choices. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., and et al.** (1981) “Commodity-Choice Behavior with Pigeons as Subjects,” Journal of Political Economy, 89(February), 67-91. Keywords: experiments, decisions, animal subjects, pigeons. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., Howard Rachlin, and John H. Kagel (1983) “Maximization Theory in Behavioral Psychology: Further Commentary,” The Behavior and Brain Sciences, 6:2 (June), ***. Keywords: experiments, decisions, rational choice, maximization, psychology. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., John H. Kagel, and Don N. MacDonald (1985) “Animals' Choices over Uncertain Outcomes: Some Initial Experimental Results,” American Economic Review, 75:4 (September), 597-613. Keywords: experiments, decisions, animal subjects, lottery choice, risk aversion, Allais paradox. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., and John H. Kagel (1985) “Consumption-Leisure Tradeoffs of Animal Workers: Effects of Increasing and Decreasing Marginal Wage Rates in a Closed Economy Experiment,” in Research in Experimental Economics, Vol. 3, edited by V. L. Smith, Greenwich, Conn.: JAI Press, 1-29. Keywords: experiments, decisions, labor/leisure choice, incentive effects, animal subjects. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., John H. Kagel, and Owen R. Phillips (1986) “Optimal Prices and Animal Consumers in Congested Markets,” Economic Inquiry, 24(April), 181-194. Keywords: experiments, decisions, markets, animal subjects. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., Gerald P. Dwyer, and John H. Kagel (1986) “Tests of Some Alternative Theories of Individual Choice Behavior,” Advances in Econometrics, 53-30. Keywords: experiments, decisions. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., Gerald P. Dwyer, and John H. Kagel (1988) “Tests of Competing Theories of Consumer Choice and the Representative Consumer Hypothesis,” Economic Journal, 97:388 (December), 842-856. Keywords: experiments, decisions, consumer choice. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., John H. Kagel, and Komain Jiranyakul (1990) “Testing Between Alternative Models of Choice under Uncertainty: Some Initial Results,” Journal of Risk and Uncertainty, 3:1 (March), 25-50. Keywords: experiments, decisions, lottery choice. Email Contact: rcb@esl1.tamu.edu

Battalio, Raymond C., John H. Kagel, and Carl A. Kogut (1991) “Experimental Confirmation of the Existence of a Giffen Good,” American Economic Review, 81:4 (September), 961-970. Keywords: experiments, decisions, demand theory, Giffin good. Email Contact: rcb@esl1.tamu.edu

Beattie, J., and Graham Loomes (1997) “The Impact of Incentives Upon Risky Choice Experiments,” Journal of Risk and Uncertainty, 14155-168. Keywords: experiments, decisions, lottery choice, random lottery method, incentive effects, methodology.

Beaudouin, Francois, Bertrand Munier, and Yann Serquin (1998) “A Multi-Attributed Utility Assessment Program Under Risk Based on Generalized Expected Utility Models,” EDF/DER and GRID, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, risk, lottery choice, non-expected utility models, multi-attribute utility. Abstract: This paper proposes an extension of multi-attribute utility theory to a non-expected utility structure. A computer program for eliciting a mulit-attribute (non-expected) utility function is described. Email Contact: yann.serquin@der.edfgdf.fr

Beck, J. H. (1994) “An Experimental Test of Preferences for the Distribution of Income and Individual Risk Aversion,” Eastern Economic Journal, 20:2 (Spring), 131-145. Keywords: experiments, decisions, risk aversion.

Becker, G. S. (1962) “Irrational Behavior and Economic Theory,” Journal of Political Economy, 701-13. Keywords: experiments, decisions, rationality, methodology.

Becker, Gordon M., Morris H. DeGroot, and Jacob Marschak (1963) “An Experimental Study of Some Stochastic Models for Wagers,” Behavioral Science, 8199-202. Keywords: experiments, decisions, wagers.

Becker, Gordon M., Morris H. DeGroot, and Jacob Marschak (1963) “Probabilities of Choices Among Very Similar Objects: An Experiment to Decide Between Two Very Similar Models,” Behavioral Science, 8306-311. Keywords: experiments, decisions, probabilistic choice.

Becker, Gordon M., Morris H. DeGroot, and Jacob Marschak (1964) “Measuring Utility by a Single-Response Sequential Method,” Behavioral Science, 9(July), 226-232. Keywords: experiments, decisions, elicitation, utility.

Becker, Joao L., and Rakesh K. Sarin (1987) “Lottery Dependent Utility,” Management Science, 33(November), 1367-82. Keywords: experiments, decisions, lottery choice, non-expected utility.

Beckman, Steven R. (1992) “The Sources of Forecast Errors: Experimental Evidence,” Journal of Economic Behavior and Organization, 19:2 (October), 237-244. Keywords: experiments, decisions, forecasting, forecast errors. Email Contact: sbeckman@castle.cudenver.edu

Beckman, Steven R., and David Downs (1997) “Forecasters as Imperfect Information Processors: Experimental and Survey Evidence,” Journal of Economic Behavior and Organization, 32:1 89-100. Keywords: experiments, decisions, forecasts. Email Contact: sbeckman@castle.cudenver.edu

Belianim, Alexis (1999) “Risk Attitudes and Choice Under Uncertainty: Russian Experimental Data,” University of Manchester, Discussion Paper. Keywords: experiments, decisions, risk preference, elicitation, Russia, international comparisons, subject pool effects.

Bell, David E. (1982) “Regret in Decision Making under Uncertainty,” Operations Research, 30:5 961-981. Keywords: experiments, decisions, regret theory.

Berg, Joyce E., John W. Dickhaut, and John R. O'Brien (1985) “Preference Reversal and Arbitrage,” in Research in Experimental Economics, Vol. 3, edited by V. L. Smith, Greenwich, Conn.: JAI Press, 31-72. Keywords: experiments, decisions, preference reversals, arbitrage. Email Contact: joyce-berg@uiowa.edu

Berg, Joyce E., Lane A. Daley, John W. Dickhaut, and John R. O'Brien (1986) “Controlling Preferences for Lotteries on Units of Experimental Exchange,” Quarterly Journal of Economics, 101:2 (May), 281-306. Keywords: experiments, decisions, risk preferences, risk aversion, induced risk preferences. Email Contact: joyce-berg@uiowa.edu

Berg, Joyce E., and John W. Dickhaut (1990) “Preference Reversals: Incentives Do Matter,” Graduate School of Business, University of Chicago, Discussion Paper. Keywords: experiments, decisions, preference reversals. Email Contact: joyce-berg@uiowa.edu

Berg, Joyce E., and Thomas A. Rietz (1997) “Do Unto Others: A Theory and Experimental Test of Interpersonal Factors in Decision Making Under Uncertainty,” University of Iowa, Discussion Paper. Keywords: experiments, decisions, auctions, bargaining, risk aversion, inequity aversion, altruism, fairness. Abstract: Data from individual choice experiments indicate that subjects are risk neutral or slightly risk averse in lottery-choice tasks, but data from interactive auctions and bargaining games suggest a higher degree of risk aversion. This paper attributes the anomalous effect of the economic institution on risk attitudes to interpersonal utility effects (altruism, competitiveness, fairness, etc.) Email Contact: joyce-berg@uiowa.edu

Berg, Eric, Daniel Friedman, Hugh E. Kelly, Stephen Kitzis, and Dominic Massara (1998) “Broadening the Tests of Learning Models,” University of California at Santa Cruz, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, multiple symptoms, medical diagnosis, Bayes' rule, learning. Abstract: Subjects are asked to make diagnostic decisions in an enriched environment with four possible levels of each symptom. The best model of individual behavior is a simple Bayesian model with a single estimated parameter that represents prior precision. Email Contact: hukelley@cats.ucsc.edu

Bergmann, B. R. (1988) “An Experiment on the Formation of Expectations,” Journal of Economic Behavior and Organization, 9:2 (March), 137-151. Keywords: experiments, decisions, forecasting, expectations. Email Contact: tedb@econ.ucsb.edu

Bergstrom, J. C., and J. R. Stoll (1989) “Application of Experimental Economics Concepts and Precepts to CVM Field Survey Procedures,” Western Journal of Agricultural Economics, 14:1 (July), 98-109. Keywords: experiments, decisions, contingent valuation, elicitation. Email Contact: tedb@econ.ucsb.edu

Bernasconi, Michele (1992) “Different Frames for the Independence Axiom: An Experimental Investigation in Individual Decision Making Under Risk,” Journal of Risk and Uncertainty, 5:2 (May), 159-174. Keywords: experiments, decisions, lottery choice, independence axiom. Email Contact: bernasco@unipv.it

Bernoulli, Daniel (1738) “Specimen Theoriae Novae de Mensura Sortis (Exposition on a New Theory on the Measurement of Risk,” Comentarii Academiae Scientiarum Imperialis Petropolitanae, 5175-192, translated by L. Sommer in Econometrica, 1954, 22, 23-36. Keywords: experiments, decisions, risk aversion, Bernoulli paradox. Abstract: The Bernoulli paradox, introduced here, describes a lottery with an infinite expected value, for which most individuals are not willing to pay high amounts. The proposed resolution to the paradox in this "thought experiment" is that utility is nonlinear in wealth, i.e. that individuals are risk averse.

Bessler, D. A., and R. G. Nelson (199**) “Subjective Probabilities Elicited Under Proper and Improper Scoring Rules: A Laboratory Test of Predicted Responses,” American Journal of Agricultural Economics, ***. Keywords: experiments, decisions, elicitation, scoring rules, proper scoring rules.

Binswanger, Hans P. (1980) “Attitudes toward Risk: Experimental Measurement in Rural India,” American Journal of Agricultural Economics, 62:3 (August), 395-407. Keywords: experiments, decisions, risk aversion, lottery choice, wealth effects, biases. Abstract: High-stakes gambles were presented to rural farmers in India. Attitudes towards risk are measured and correlated with wealth, education, and luck in previous gambles.

Binswanger, Hans P. (1981) “Attitudes toward Risk: Theoretical Implications of an Experiment in Rural India,” Economic Journal, 91:364 (December), 867-890. Keywords: experiments, decisions, lottery choice, risk aversion.

Bissey, Marie-Edith (1998) “Estimation of Preference Functions: A Comparison Between Parametric and Non-Parametric Methods,” University of York, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, methodology, econometrics, Monte Carlo methods, non-parametric methods, error distributions. Abstract: This is a Monte Carlo study of a simulated lottery-choice experiment, in which subjects' choices are subject to random error. The Maximum Score and other non(semi-)parametric methods provide accurate estimates of the underlying parameters. Email Contact: meb105@york.ac.uk

Bjornstad, David, Ronald Cummings, and Laura Taylor (1997) “A Learning Design for Reducing Hypothetical Bias in the Contingent Valuation Method,” Environmental and Resource Economics, 10:3 207-221. Keywords: experiments, decisions, elicitation, contingent valuation, hypothetical bias, learning.

Blackburn, Kenneth***, Glenn W. Harrison, and E. Elisabet Rutström (1994) “Statistical Bias Functions and Informative Hypothetical Surveys,” American Journal of Agricultural Economics, 76:5 (December), 1084-1088. Keywords: experiments, decisions, hypothetical bias.

Blomqvist, H. C. (1989) “The 'Rationality' of Expectations: An Experimental Approach,” Journal of Economic Psychology, 10:2 (June), 275-299. Keywords: experiments, decisions, forecasts, rational expectations.

Blomqvist, H. C. (1991) “Reply [The "Rationality" of Expectations: An Experimental Approach],” Journal of Economic Psychology, 12:3 (September), 535-538. Keywords: experiments, decisions, forecasts, rational expectations.

Blondel, Serge (1998) “Testing Theories of Choice Under Risk: Estimation of Individual Functionals,” University Sorbonne (Paris 1), Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, econometrics, non-expected utility theory. Abstract: This paper uses the Wakker, Erev, and Weber (1994) data to compare the performance of various generalizations of expected utility theory that add at most one parameter. The preliminary conclusion is the Prospective Reference Theory offers a significant improvement over expected utility theory. Email Contact: blondel@univ-paris1.fr

Bloomfield, Robert J. (1997) “Stragegic Dependence and the Assessment of Fraud Risk: A Laboratory Study,” The Accounting Review, 72517-538. Keywords: experiments, decisions, accounting, probability assessment.

Bloomfield, Robert J., and T. Jeffrey Wilks (1999) “Disclosure Effects in the Laboratory: Depth and the Cost of Capital,” The Accounting Review, forthcoming. Keywords: experiments, decisions, information, disclosure, accounting. Email Contact: rjb9@cornell.edu

Bobara, Alok, Michael McKee, Robert Berrens, Hank Jenkins-Smith, Carol Silva, and David Brookshire (1998) “Effects of Total Cost and Group Size Information on Willingness to Pay Responses: Open-Ended vs. Dichotomous Choice,” Journal of Environmental Economics and Management, 35:2 142-163. Keywords: experiments, decisions, elicitation, willingness to pay, information, dichotomous choice, environmental economics. Email Contact: mckee@unm.edu

Bohm, Peter, and Hans Lind (1992) “A Note on the Robustness of a Classical Framing Result,” Journal of Economic Psychology, 13:2 (June), 355-361. Keywords: experiments, decisions, framing effects, psychology. Email Contact: pb@ne.su.se

Bohm, Peter, and Hans Lind (1993) “Preference Reversal, Real-World Lotteries, and Lottery-Interested Subjects,” Journal of Economic Behavior and Organization, 22:3 (December), 327-348. Keywords: experiments, decisions, lottery-choice, preference reversals, subject pool effects. Email Contact: pb@ne.su.se

Bohm, Peter (1994) “Time Preference and Preference Reversal Among Experienced Subjects: The Effect of Real Payments,” Economic Journal, 104:427 (November), 1370-1378. Keywords: experiments, decisions, preference reversal, time preference, incentives. Email Contact: pb@ne.su.se

Bohm, Peter (1994) “Behaviour under Uncertainty without Preference Reversal: A Field Experiment,” Empirical Economics, Special Issue on Experimental Economics, 19185-200. Keywords: experiments, decisions, preference reversals, field experiments, lottery choice. Email Contact: pb@ne.su.se

Bohm, Peter, J. Linden, and J. Sonnegard (1997) “Eliciting Reservation Prices: Becker-DeGroot-Marschak Mechanism vs. Markets,” Economic Journal, 1071079-1089. Keywords: experiments, decisions, elicitation, Becker-DeGroot-Marschak method, BDM. Email Contact: pb@ne.su.se

Bohren, O (1990) “Theory Development Processes in the Social Sciences: The Case of Stochastic Choice Theory,” Journal of Economic Psychology, 11:1 (March), 1-34. Keywords: experiments, decisions, stochastic choice, psychology, decision errors.

Bone, John, John Hey, and John Suckling (1998) “A Simple Risk-Sharing Experiment,” University of York, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, risk sharing, alternating offer bargaining, risk aversion, complexity. Abstract: Pairs of individuals negotiate a division of risk via alternating offers over a computer network. In one treatment, there are only two possible options: equal division and a division that is designed to ensure that it is better for both. Any division is allowed in a second treatment. Reported results include transcribed negotiations. Email Contact: jdb1@york.ac.uk

Bostic, R., R. J. Herrnstein, and R. D. Luce (1990) “The Effect on the Preference-Reversal Phenomenon of Using Choice Indifferences,” Journal of Economic Behavior and Organization, 13:2 (March), 193-212. Keywords: experiments, decisions, preference reversals, lottery choice.

Boyce, Rebecca R., Thomas C. Brown, Gary H. McClelland, George L. Peterson, and William D. Schulze (1992) “An Experimental Examination of Intrinsic Values as a Source of the WTA-WTP Disparity,” American Economic Review, 82:5 (December), 1366-1373. Keywords: experiments, decisions, elicitation, WTA, WTP.

Brachinger, Hans Wolfgang, Martin Brown, Matthias Gysler, and Renate Schubert (1998) “Financial Choice Behavior - Are Women Really More Risk Averse?,” Swiss Federal Institute of Technology, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, risk aversion, subject pool effects, gender effects. Abstract: Do women hold less risky portfolios than men because they are more risk averse, or is it that they have lower wealth levels and face other constraints? This paper reports experiments designed to evaluate gender effects on risky choice in various contexts using several alternative measurement procedures. Email Contact: schubert@wif.reok.ethz.ch

Braunstein, Yale, and Andrew Schotter (1982) “Labor Market Search: An Experimental Study,” Economic Inquiry, 20(January), 133-144. Keywords: experiments, decisions, search.

Brier, G. (1950) “Verification of Forecasts Expressed in Terms of Probability,” Monthly Weather Review, 781-3. Keywords: experiments, decisions, elicitation, scoring rules, forecasts.

Brookshire, David S., and T. D. Crocker (1981) “The Advantages of Contingent Valuation Methods for Benefit-Cost Analysis,” Public Choice, 36:1 235-252. Keywords: experiments, decisions, contingent valuation. Email Contact: brookshi@unm.edu

Brookshire, David S., and Donald L. Coursey (1987) “Measuring the Value of a Public Good: An Empirical Comparison of Elicitation Procedures,” American Economic Review, 77:4 (September), 554-566. Keywords: experiments, decisions, elicitation, public goods. Email Contact: brookshi@unm.edu

Brookshire, David S., Donald L. Coursey, and William D. Schulze (1989) “Experiments in the Solicitation of Private and Public Values: An Overview,” in Advances in Behavioral Economics, edited by L. Green and J. Kagel, Norwood, N. J.: Ablex, ***. Keywords: experiments, decisions, elicitation, willingness to pay, WTP/WTA, survey. Email Contact: brookshi@unm.edu

Brown, Paul M. (1995) “Learning from Experience, Reference Points, and Decision Costs,” Journal of Economic Behavior and Organization, 27:3 (August), 381-399. Keywords: experiments, decisions, learning.

Brown, Paul M. (1998) “Experimental Evidence on the Importance of Competing for Profits on Forecasting Accuracy,” Journal of Economic Behavior and Organization, 33:2 (January), 259-269. Keywords: experiments, decisions, forecasting, incentives.

Budescu, David V.*, and Amnon Rapoport (1997) “Randomization in Individual Choice Behavior,” Psychological Review, 104603-618. Keywords: experiments, decisions, randomization. Email Contact: arapoport@bpa.arizona.edu

Burke, M. S. (1996) “An Experimental Note on the Allais Paradox and Monetary Incentives,” Empirical Economics, 21:4 617-632. Keywords: experiments, decisions, lottery choice, Allais paradox, incentive effects.

Bush, Robert R. , and Frederick Mosteller (1951) “A Mathematical Model for Simple Learning,” Psychological Review, 58323-323. Keywords: experiments, decisions, psychology, learning, bounded rationality.

Bush, Robert R., and Frederick Mosteller (1955) Stochastic Models for Learning*, New York: Wiley. Keywords: experiments, decisions, learning, stochastic learning, reinforcement learning. Abstract: This is a classic reference on psychological theories of learning.

Butler, D., and Graham Loomes (1997) “Quasi-rational Search under Incomplete Information: Some Evidence from Experiments,” Manchester School of Economics and Social Studies, 65:2 (March), 127-144. Keywords: experiments, decisions, search, bounded rationality, information.

Calegari, M., and N. Fargher (1997) “Evidence that Prices Do Not Fully Reflect the Implications of Current Earnings for Future Earnings,” Contemporary Accounting Research, 14:3 397-433. Keywords: experiments, decisions, forecasting, asset markets, finance, accounting, information, Bayes' rule.

Camerer, Colin F. (1987) “Do Biases in Probability Judgement Matter in Markets? Experimental Evidence,” American Economic Review, 77:5 (December), 981-997. Keywords: experiments, decisions, probability judgement, biases. Email Contact: camerer@hss.caltech.edu

Camerer, Colin F. (1989) “An Experimental Test of Several Generalized Utility Theories,” Journal of Risk and Uncertainty, 2:1 (April), 61-104. Keywords: experiments, decisions, lottery choice, non-expected utility theories. Email Contact: camerer@hss.caltech.edu

Camerer, Colin F., George Loewenstein, and Martin Weber (1989) “The Curse of Knowledge in Economic Settings: An Experimental Analysis,” Journal of Political Economy, 97:5 (October), 1232-1254. Keywords: experiments, decisions, information processing, biases, curse of knowledge. Email Contact: camerer@hss.caltech.edu,
weber@bank.bwl.uni-mannheim

Camerer, Colin F., and Howard Kunreuther (1989) “Decision Processes for Low Probability Events: Policy Implications,” Journal of Policy Analysis and Management, 8:4 (Fall), 565-592. Keywords: experiments, decisions, information processing, probability judgement. Email Contact: camerer@hss.caltech.edu

Camerer, Colin F. (1990) “Some Implications of Cognitive Psychology for Risk Regulation: Comment,” Journal of Legal Studies, 19:2 Part 2 (June), 791-799. Keywords: experiments, decisions, risk, psychology, legal policy. Email Contact: camerer@hss.caltech.edu

Camerer, Colin F. (1990) “Do Markets Correct Biases in Probability Judgement? Evidence from Market Experiments,” in Advances in Behavioral Economics, Vol. 2, edited by L. Green and J. Kagel, Greenwich, Conn.: JAI Press, 126-172. Keywords: experiments, decisions, probability judgement, markets, biases. Email Contact: camerer@hss.caltech.edu

Camerer, Colin F., and E. J. Johnson (1991) “The Process-Performance Paradox in Expert Judgement: How Can Experts Know So Much and Predict So Badly?,” in Toward a General Theory of Expertise: Prospects and Limits, edited by K. A. Ericsson and J. Smith, Cambridge: Cambridge University Press, . Keywords: experiments, decisions, forecasts, biases, psychology. Email Contact: camerer@hss.caltech.edu

Camerer, Colin F., and Martin Weber (1992) “Recent Developments in Modeling Preferences: Uncertainty and Ambiguity,” Journal of Risk and Uncertainty, 5:4 (October), 325-370. Keywords: experiments, decisions, probability judgement, non-expected utility, uncertainty, ambiguity. Email Contact: camerer@hss.caltech.edu, weber@bank.bwl.uni-mannheim

Camerer, Colin (1992) “Recent Tests of Generalized Utility Theories,” in Utility Theories: Measurement and Applications, edited by W. Edwards, Cambridge: Cambridge University Press, . Keywords: experiments, decisions, lottery choice, nonexpected utility theory. Email Contact: camerer@hss.caltech.edu

Camerer, Colin F., and Teck-Hua Ho (1994) “Violations of Betweenness and Nonlinearity in Probability,” Journal of Risk and Uncertainty, 8167-196. Keywords: experiments, decisions, lottery choice, betweenness, nonlinear probability weighting. Email Contact: camerer@hss.caltech.edu

Camerer, Colin F. (1995) “Individual Decision Making,” in The Handbook of Experimental Economics, edited by J. H. Kagel and A. E. Roth, Princeton, N.J.: Princeton University Press, 587-703. Keywords: experiments, decisions, biases, psychology, non-expected utility theory. Abstract This paper surveys the literature on experimental tests of non-expected utility theories and on biases in decision making. Email Contact: camerer@hss.caltech.edu

Camerer, Colin F. (1998) “Bounded Rationality in Individual Decision Making,” Experimental Economics, 1:2 163-183. Keywords: experiments, decisions, bounded rationality, utility, psychology, expected utility, non-expected utility, neuro-behavioral economics, biases, probability judgement, choice over time, hedonics. Email Contact: camerer@hss.caltech.edu

Camerer, Colin F. (1998) “Strategic Mental Models,” California Institute of Technology, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, decisions, game theory, psychology. Email Contact: camerer@hss.caltech.edu

Carbone, Erica, and John Hey (1994) “Estimation of Expected Utility and Non-expected Utility Preference Functionals Using Complete Ranking Data,” in Models and Experiments on Risk and Rationality, edited by Bertrand Munier and Mark J. Machina, Dordrecht, Netherlands: Kluwer, . Keywords: experiments, decisions, lottery-choice, expected utility, non-expected utility, estimation, stochastic choice. Email Contact: ecarbone@unina.it

Carbone, Erica, and John Hey (1998) “How Do People Tackle Dynamic Decision Problems?,” University of York,
Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, backward induction, cognitive process. Abstract: The experiment involved a dynamic decision problem with several stages and chance nodes. The software permits subjects to make notes and leave them at various nodes. Subjects often did not always succeed in implementing backward induction. Email Contact: ecarbone@unina.it

Carbone, Erica (1998) “Investigation of Stochastic Preference Theory Using Experimental Data,” Economics Letters, 57305-311. Keywords: experiments, decisions, error models, stochastic choice, lottery choice. Email Contact: ecarbone@unina.it

Carlin, Paul S. (1990) “Is the Allais Paradox Robust to a Seemingly Trivial Change of Frame?,” Economic Letters, 34:3 (November), 241-244. Keywords: experiments, decisions, lottery-choice, Allais paradox, framing effect.

Carlin, Paul S. (1992) “Violations of the Reduction and Independence Axioms in Allais-Type and Common-Ratio Effect Experiments,” Journal of Economic Behavior and Organization, 19:2 (October), 213-235. Keywords: experiments, decisions, lottery choice, Allais paradox, reduction axiom, independence axiom.

Carlin, Paul S. (1996) “Can the Maximization Principle Be Discarded? A Comment,” Journal of Economic Behavior and Organization, 29:2 351-353. Keywords: experiments, decisions, rationality.

Carlson, John A., and Terrence B. O'Keefe (1969) “Buffer Stocks and Reaction Coefficients: An Experiment with Decision Making Under Risk,” Review of Economic Studies, 36:4 (October), 467-484. Keywords: experiments, decisions, risk, inventory decisions.

Charness, Gary, and Ernan Haruvy (1999) “Self-serving Biases in a Simulated Labor Relationship,” Pompeu Fabra University, Discussion Paper. Keywords: experiments, decisions, self-serving bias, biases, psychology, labor. Email Contact: charness@upf.es

Chechile, R. A., and A. D. J. Cooke (1997) “An Experimental Test of a General Class of Utility Models: Evidence for Context Dependency,” Journal of Risk and Uncertainty, 14:1 (January), 75-93. Keywords: experiments, decisions, biases, context dependence.

Chew, Soo Hong, and W. Waller (1986) “Empirical Tests of Weighted Utility Theory,” Journal of Mathematical Psychology, 30(March), 55-72. Keywords: experiments, decisions, lottery choice, non-expected utility, weighted utility theory.

Chew, Soo Hong, L. G. Epstein, and Uzi Segal (1990) “Mixture Symmetry and Quadratic Utility,” Econometrica, 59:1 (January), 139-163. Keywords: experiments, decisions, lottery choice, non-expected utility.

Chu, Yun-Peng, and Chu Ruey-Ling (1990) “The Substance* of Preference Reversals in Simplified and Marketlike Experimental Settings: A Note,” American Economic Review, 80:4 (September), 902-911. Keywords: experiments, decisions, preference reversals.

Cinar, E. M. (1977) “A Note on 'An Experimental Test of a Simple Theory of Aggregate per Capita Demand Functions',” Schweizerische Zeitschrift fur Volkswirtschaf und Statistik, 113:4 (December), 481-485. Keywords: experiments, decisions, consumer demand.

Cohen, John, and C. E. M. Hansel (1957) “The Nature of Decisions in Gambling,” Acta Psychologica, 13357-370. Keywords: experiments, decisions, lottery choice.

Coller, Maribeth, and Melonie Williams (1999) “Eliciting Individual Discount Rates,” Experimental Economics, 2forthcoming. Keywords: experiments, decisions, elicitation, discount rates. Email Contact: mbeth@darla.badm.sc.edu

Conlisk, John (1989) “Three Variants on the Allais Example,” American Economic Review, 79:3 (June), 392-407. Keywords: experiments, decisions, lottery choice, Allais paradox, incentives.

Coursey, Donald L., and William D. Schulze (1986) “The Application of Laboratory Experimental Economics in the Contingent Valuation of Public Goods,” Public Choice, 4947-68. Keywords: experiments, decisions, elicitation, WTP/WTA, methodology. Email Contact: wds3@cornell.edu

Coursey, Donald L., John L. Hovis, and William D. Schulze (1987) “The Disparity between Willingness to Accept and Willingness to Pay Measures of Value,” Quarterly Journal of Economics, 102:3 (August), 679-690. Keywords: experiments, decisions, elicitation, WTP/WTA, methodology. Email Contact: wds3@cornell.edu

Coursey, Donald L., and Charles F. Mason (1987) “Investigations Concerning the Dynamics of Consumer Behavior in Uncertain Environments,” Economic Inquiry, 25:4 (October), 549-564. Keywords: experiments, decisions, consumer behavior, adjustment, uncertainty. Email Contact: bambuzlr@uwyo.edu

Cox, James C., and Ronald L. Oaxaca (1989) “Laboratory Experiments with a Finite Horizon Job Search Model,” Journal of Risk and Uncertainty, 2(September), 301-329. Keywords: experiments, decisions, search, finite horizon. Email Contact: jcox@bpa.arizona.edu

Cox, James C., and Seth Epstein (1989) “Preference Reversals Without the Independence Axiom,” American Economic Review, 79:3 (June), 408-426. Keywords: experiments, decisions, preference reversals, independence axiom. Email Contact: jcox@bpa.arizona.edu

Cox, James C., and Ronald L. Oaxaca (1992) “Tests for a Reservation Wage Effect,” in Decision Making Under Risk and Uncertainty: New Models and Empirical Findings, edited by J. Geweke, Dordrecht: Kluwer Academic Publishers, ***. Keywords: experiments, decisions, search, reservation wage. Email Contact: jcox@bpa.arizona.edu, rlo@u.arizona.edu

Cox, James C., and Ronald L. Oaxaca (1992) “Direct Tests of the Reservation Property,” Economic Journal, 102(November), 1423-1432. Keywords: experiments, decisions, search, reservation wage. Email Contact: jcox@bpa.arizona.edu, rlo@u.arizona.edu

Cox, James C., and David M. Grether (1996) “The Preference Reversal Phenomenon: Response Mode, Markets and Incentives,” Economic Theory, 7:3 (April), 381-405. Keywords: experiments, decisions, preference reversals, incentives. Email Contact: jcox@bpa.arizona.edu

Cox, James, and Ronald L. Oaxaca (1996) “Testing Job Search Models: The Laboratory Approach,” in Research in Labor Economics, Vol. 15, edited by S. Polachek, Greenwich, Conn.: JAI Press, ***. Keywords: experiments, decisions, search, reservation wage. Email Contact: jcox@bpa.arizona.edu, rlo@u.arizona.edu

Cox, James C. (1997) “On Testing the Utility Hypothesis,” Economic Journal, 107:443 (July), 1054-1074. Keywords: experiments, decisions. Email Contact: jcox@bpa.arizona.edu

Cox, James C., and Ronald L. Oaxaca (1999) “Good News and Bad News: Search from Unknown Wage Offer Distributions,” University of Arizona, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, search, unknown distribution, reservation wage. Abstract: The experiment implements a situation in which the subject does not know whether all offers are being drawn from a favorable distribution or from a less favorable one. Optimal search implies that the set of acceptable draws has a gap, due to the fact that an intermediate draw may look like a bad draw from the better distribution, whereas a lower may be a good draw from the bad distribution. This experiment provides more evidence that optimal search theory provides reasonably good predictions. Email Contact: rlo@research.u.arizona.edu, rlo@u.arizona.edu

Cubitt, Robin P., Chris Starmer, and Robert Sugden (1998) “On the Validity of the Random Lottery Incentive System,” Experimental Economics, 1:2 115-131. Keywords: experiments, decisions, lottery choice, Allais paradox, random lottery incentive system, incentives. Email Contact: c.starmer@uea.ac.uk

Cubitt, Robin P., Chris Starmer, and Robert Sugden (1998) “Dynamic Choice and the Common Ratio Effect: An Experimental Investigation,” Economic Journal, 108:450 1362-1380. Keywords: experiments, decisions, lottery choice, common ratio effect. Email Contact: c.starmer@uea.ac.uk

Cubitt, Robin P., and Robert Sugden (1998) “The Selection of Preferences Through Imitation,” Review of Economic Studies, 65:4 (October), 761-771. Keywords: experiments, decisions, imitation.

Cummings, Ronald G., David S. Brookshire, and William D. Schulze (1986) Valuing Environmental Goods: An Assessment of the Contingent Valuation Method, Totowa, N.J.: Rowman and Allanheld. Keywords: experiments, decisions, elicitation, contingent valuation. Email Contact: prcrgc@langate.gsu.edu

Cummings, Ronald G., Glenn W. Harrison, and E. Elisabet Rutstrom (1995) “Homegrown Values and Hypothetical
Surveys: Is the Dichotomous Choice Approach Incentive Compatible?,” American Economic Review, 85:1 260-266. Keywords: experiments, decisions, elicitation, contingent valuation, dichotomous choice. Email Contact: prcrgc@langate.gsu.edu

Cummings, Ronald G., Steven Elliott, Glenn Harrison, and James Murphy (1997) “Are Hypothetical Referenda Incentive Compatible?,” Journal of Political Economy, 105:3 (June), 609-621. Keywords: experiments, decisions, elicitation, incentives, hypothetical referenda. Email Contact: prcrgc@langate.gsu.edu

Cummings, Ronald, and Laura Taylor (1998) “Does Realism Matter in Contingent Valuation?,” Land Economics, 74:2 203-215. Keywords: experiments, decisions, contingent valuation, elicitation, realism. Email Contact: prcrgc@langate.gsu.edu

Cummings, Ronald G., and Laura O. Taylor (1999) “Unbiased Value Estimates for Environmental Goods: A Cheap Talk Design for the Contingent Valuation Method,” American Economic Review, 89:3 (June), ***. Keywords: experiments, decisions, contingent valuation, hypothetical versus real incentives, cheap talk admonitions. Abstract: A warning about the likelihood of overstating valuations in hypothetical elicitation settings is enough to eliminate most of the hypothetical bias in the context considered. Email Contact: prcrgc@langate.gsu.edu

Daly, Margin, Thomas Rietz, and Margo Wilson (1998) “Sensation and Risk Seeking: A Study Comparing Psychological, Simple Gamble, and Market Measures of Risk Attitudes,” University of Iowa, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, risk attitudes, methodology, lottery choice, gender effects, Zuckerman scale, psychology. Abstract: Subjects' risk attitudes are measured by the Zuckerman psychological scale, by the Berg and Rietz lottery-choice scale, and by trading positions on the Iowa Economic Markets. Preliminary results show a strong correlation between the Zuckerman and lottery-choice measures, with significant gender effects. Email Contact: thomas-rietz@uiowa.edu

Daniels, Brian P., and Charles R. Plott (1988) “Inflation and Expectations in Experimental Markets,” in Bounded Rational Behavior in Experimental Games and Markets, edited by R. Tietz, W. Albers and R. Selten, Berlin: Springer-Verlag, 198-218. Keywords: experiments, decisions, forecasts, inflation. Email

Daniels, R. L., and L. R. Keller (1990) “An Experimental Evaluation of the Descriptive Validity of Lottery-Dependent Utility Theory,” Journal of Risk and Uncertainty, 3:2 (June), 115-134. Keywords: experiments, decisions, lottery choice, non-expected utility, lottery-dependent utility.

Darjinoff, Karine (1998) “An Experimental Study of Insurance Behavior,” University of Paris 1, Sorbonne, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, non-expected utility, risk taking, insurance, context effects, biases. Abstract: The predictions of expected utility and alternative theories are compared in insurance purchase experiments. Some aspects of insurance demand are consistent with expected utility, but attitudes toward risk and risk assessments are context dependent. Email Contact: darjinof@univ-paris1.fr

Daughety, Andrew F., and Robert Forsythe (1985) “Industry-Wide Regulation and the Formation of Expectations: A Laboratory Analysis,” in Public Regulation: New Perspectives on Institutions and Policies, edited by E. Bailey, Cambridge, Mass.: MIT Press, 347-398. Keywords: experiments, decisions, expectations, regulation. Email Contact: daugheaf@ctrvax.vanderbilt.edu

Davidson, Donald D., and Patrick Suppes (1957) Decision Making: An Experimental Approach (in collaboration with Sidney Siegel), Stanford: Stanford University Press. Keywords: experiments, decisions.

Davidson, Donald, and Jacob Marschak (1959) “Experimental Tests of a Stochastic Decision Theory,” in Measurement: Definitions and Theories, edited by C. W. Churchman and P. Ratoosh, New York: Wiley, 223-269. Keywords: experiments, decisions, stochastic choice. Email

Davidson, P., and R. Wahlund (1992) “A Note on the Failure to Use Negative Information,” Journal of Economic Psychology, 13:2 (June), 343-353. Keywords: experiments, decisions, information, biases, psychology.

Davis, Douglas D., and D. W. Harless (1996) “Group vs. Individual Behavior in an Economic Context,” Organizational Behavior and Human Decision Processes, 66215-227. Keywords: experiments, decisions, group decisions. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Larry R., Steven R. Elliott, and Patrick Joyce (1999) “Assurance Information: An Experimental Study,” Michigan Technological University, Keywords: experiments, decisions, information purchase, assurance, accounting, biases. Abstract: Assurance services are informational reports provided by accounting firms hired by either sellers or buyers. The experiment allows prospective buyers to purchase "fairly" priced information about the unknown quality of the good being sold. Email Contact: pjoyce@mtu.edu

Denant-Boemont, Laurent, and Romain Petiot (1998) “Information Value and Transport Decision Making: Experimental Data,” MRASH, Lyon, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, transportation, congestion, value of information, dynamic decision problems. Abstract: Subjects' earnings in a commuting game experiment depend on departure time, arrival time, travel mode, and the purchase of information. Email Contact: Laurent.Denant-Boemont@let.mrash.fr

Di Mauro, C., and A. Maffioletti (1996) “An Experimental Investigation of the Impact of Ambiguity on the Valuation of Self-Insurance and Self-Protection,” Journal of Risk and Uncertainty, 13:1 (July), 53-71. Keywords: experiments, decisions, information, ambiguity, insurance, risk.

Dickhaut, John, Kevin A. McCabe, Nicole Peck, Vijay Rajan, and Kip Smith (1998) “The Emotional and Mental Effort Dynamics of the English Auction,” University of Minnesota, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, psychology, English Auction, biological measures, brain function. Abstract: The methodology involves correlating economic activity in an English auction with observed biological measures (heart rate, EKG plots, etc.). Preliminary analysis indicates that emotional and cognitive stimuli in an English auction are higher than would be expected for a decision task with a dominant strategy. Email Contact: jdickhaut@csom.umn.edu

Dickinson, David L. (1998) “Empirical Support for Asymmetry of the Distribution of Effort,” Colgate University, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, decisions, effort. Email Contact: drdave@mail.colgate.edu

Dolbear Jr., F. Trenery, and Lester B. Lave (1967) “Inconsistent Behavior in Lottery Choice Experiments,” Behavioral Science, 1214-23. Keywords: experiments, decisions, lottery choice.

Durell, Alan (1999) “Attribution in Performance Evaluation,” Harvard University, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, organizational behavior, evaluation. Email Contact: durell@fas.harvard.edu

Dwyer Jr., Gerald P., Arlington W. Williams, Raymond C. Battalio, and Timothy I. Masson (1993) “Tests of Rational Expectations in a Stark Setting,” Economic Journal, 103:418 (May), 586-601. Keywords: experiments, decisions, forecasting. Email Contact: dwyerg@clemson.edu

Edwards, Ward (1953) “Probability-Preferences in Gambling,” American Journal of Psychology, 66349-364. Keywords: experiments, decisions, gambling, lottery choice, probability preference.

Edwards, Ward (1953) “Experiments on Economic Experiments in Gambling Situations,” Econometrica, 21349-364. Keywords: experiments, decisions, gambling, lottery choice.

Edwards, Ward (1954) “Variance Preferences in Gambling,” American Journal of Psychology, 67441-452. Keywords: experiments, decisions, lottery choice.

Einhorn, Hillel J., and Robin M. Hogarth (1985) “Ambiguity and Uncertainty in Probabilistic Inference,” Psychological Review, 92(October), 433-61. Keywords: experiments, decisions, probability judgement, ambiguity.

Eisenberger, R., and Martin Weber (1995) “Willingness to Pay and Willingness to Accept for Risky and Ambiguous Lotteries,” Journal of Risk and Uncertainty, 10223-233. Keywords: experiments, decisions, elicitation, willingness to pay, WTP/WTA, risk preferences. Email Contact: weber@bank.bwl.uni-mannheim

El-Gamal, Mahmoud A., and David M. Grether (1995) “Are People Bayesian? Uncovering Behavioral Strategies,” Journal of American Statistical Association, 90:432 (December), 1137-1145. Keywords: experiments, decisions, Bayes' rule. Email Contact: melgamal@1.wisc.edu

Elliott, Steven R. (1998) “Experiments in Decision-Making under Risk and Uncertainty: Thinking Outside the Box,” Managerial Decision and Economics, 19:4-5 (June-August), 239-257. Keywords: experiments, decisions, risk.

Ellsberg, Daniel (1961) “Risk, Ambiguity and the Savage Axioms,” Quarterly Journal of Economics, 75643-669. Keywords: experiments, decisions, risk, ambiguity, Ellsberg paradox, probability judgement.

Elster, Jon (1985) Sour Grapes: Studies in the Subversion of Rationality, Cambridge, New York and Sydney: Cambridge University Press. Keywords: experiments, decisions, bounded rationality, biases.

Encarnacion, J. (1987) “Preference Paradoxes and Lexicographic Choice,” Journal of Economic Behavior and Organization, 8:2 (June), 231-248. Keywords: experiments, decisions, paradoxes, biases.

Engelmann, Dirk, and Martin Strobel (1998) “The Disappearance of the 'False Consensus Effect' if Representative Information and Monetary Incentives Are Given,” Humboldt University, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, false consensus effect, biases, information, incentives. Abstract: The false consensus effect refers to the tendency to bias estimates of another's decision toward one's own decision. This effect is eliminated in an experiment with financial incentives when information is provided about others' decisions; one's own decision receives positive weight (but is weighed less than the observed decisions of others) when the person is asked to predict the unobserved decision of another subject. Email Contact: engelman@wiwi.hu-berlin.de

Erev, Ido, Sharon Gilat, Galia Shabtai, and Doron Sonsino (1998) “On the Likelihood of Repeated Betting: A Study of the Robustness and Validity of Geanakoplos and Sebenius No-Betting Conjecture,” Technion - Israel Institute of Technology, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, betting, no-betting conjecture, reinforcement learning. Abstract: The experiment places subjects in a setting where standard theory predicts that players will avoid betting on zero-sum outcomes. The observed incidence of betting behavior is high, even after many repetitions. Time trends in decisions are explained by a variant of a reinforcement-learning model. Email Contact: sonsino@ie.technion.ac.il

Estes, K. W. (1950) “Toward a Statistical Theory of Learning,” Psychological Review, 5794-107. Keywords: experiments, decisions, psychology, learning, bounded rationality.

Evans, D. A., M. D. Phillips, and J. H. Holcomb (1991) “Tests of the Betweenness Property in Experimental Financial Choices,” Journal of Economic Behavior and Organization, 15:2 (March), 279-295. Keywords: experiments, decisions, lottery choices, non-expected utility, betweenness.

Farquher, Peter H. (1984) “Utility Assessment Methods,” Management Science, 30(November), 1283-1300. Keywords: experiments, decisions, elicitation, utility.

Fechner, G. (1860/1966) Elements of Psychophysics, Vol. 1, New York: Holt, Rinehart, and Winston. Keywords: experiments, decisions, stochastic choice.

Fehr, Ernst, Paolo Vanini, and Peter K. Zych (1998) “Bounded Rationality and Loss Avoidance in Intertemporal Choice,” University of Technology, Vienna, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, bounded rationality, loss aversion, intertemporal choice. Abstract: Subjects are placed in deterministic intertemporal choice problems with a perfect capital market. Consumption is smoothed as theory predicts when income and prices are constant over time, but fully anticipated price or income changes cause deviations from optimality. In particular, consumption is too sensitive to changing income, even in the presence of a perfect capital market. Consumption of habit-forming goods seems to be affected by "myopic loss avoidance." Email Contact: fehr@iew.unizh.ch

Fehr, Ernst, and Peter K. Zych (1998) “Do Addicts Behave Rationally?,” Scandinavian Journal of Economics, 100:3 (September), 643-662. Keywords: experiments, decisions, consumer behavior, addiction. Abstract: This experiment induces addictive preferences. Consumption of the addictive good is too high relative to the optimal level, which is explained by psychologically salient features of the good. Email Contact: fehr@iew.unizh.ch

Fernandez, Luis, and Robert Piron (1998) “A Possible Reconciliation of Preference Reversal and the Expected Utility Hypothesis,” Oberlin College, Discussion Paper, presented at the Fall 1998 ESA Meetings. Keywords: experiments, decisions, preference reversals, expected utility. Email Contact: fernandez@oberlin.edu

Fiornia, Morris P. (1971) “A Note on Probability Matching and Rational Choice,” Behavioral Science, 16158-166. Keywords: experiments, decisions, probability matching.

Fishe, Raymond P. H., and R. Preston McAfee (1983) “On the Use of Bonus Payments in an Experimental Study of Electricity Demand,” Review of Economics and Statistics, 65:3 (August), 506-511. Keywords: experiments, decisions, electricity demand.

Fong, Christina, and Kevin A. McCabe (1999) “Elicited Values for Risky Assets: An Experimental Investigation,” University of Arizona, Discussion Paper, presented at the Spring 1999 Public Choice Meetings. Keywords: experiments, decisions, elicitation, risky assets, uncertainty.

Fong, Christina, and Kevin A. McCabe (1999) “Is Risky Behavior Malleable?,” Proceedings of the National Academy of Sciences, 96(September), 10927-10932. Keywords: experiments, decisions, risk, biases, illusion of control. Abstract: The "illusion of control" is the assertion in the literature that individuals will value lotteries more if they are involved in the generating the lotteries. This illusion is not observed in the reported experiment; involvement lowers the value of the gamble.

Ford, J. L. (1987) Economic Choice under Uncertainty: A Perspective Theory Approach, New York: St. Martin's Press. Keywords: experiments, decisions, lottery choice.

Fountain, John (1998) “Boundedly Rational, Coherent Inferences for Outcomes of Individual Choice Experiments,” University of Canterbury, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, methodology, statistics, decisions. Abstract: The author proposes an alternative perspective on noisy individual lottery-choice behavior, based on DeFinetti's Fundamental Theorem of Prevision. Email Contact: j.fountain@eon.canterbury.ac.nz

Fox, C. R., and Amos Tversky (1995) “Ambiguity Aversion and Comparative Ignorance,” Quarterly Journal of Economics, 110:3 (August), 585-603. Keywords: experiments, decisions, lottery choice, ambiguity aversion.

Fox, J., Jason F. Shogren, Dermot Hayes, and J. Kliebenstein (1998) “CVM-X: Calibrating Contingent Values with Experimental Auction Markets,” American Journal of Agricultural Economics, 80455-465. Keywords: experiments, decisions, contingent valuation, auctions. Email Contact: jramses@uwyo.edu

Franciosi, Robert (1996) “Experimental Tests of the Endowment Effect,” Journal of Economic Behavior and Organization, 30:2 (August), 213-216. Keywords: experiments, decisions, endowment effect.

Frank, Robert L. (1985) Choosing the Right Pond: Human Behavior and the Quest for Status, New York and Oxford: Oxford University Press. Keywords: experiments, decisions, status.

Frey, Bruno S. (1992) Economics as a Science of Human Behavior: Towards a New Social Science Paradigm, Norwell, Mass. and Dordrecht: Kluwer. Keywords: experiments, decisions, biases.

Frey, Bruno S., and R. Eichenberger (1994) “Economic Incentives Transform Psychological Anomalies,” Journal of Economic Behavior and Organization, 23:2 (March), 215-234. Keywords: experiments, decisions, anomalies, incentives.

Friedman, Milton, and L. J. Savage (1948) “The Utility Analysis of Choices Involving Risk,” Journal of Political Economy, 56279-304. Keywords: experiments, decisions, lottery choice, risk aversion.

Friedman, Daniel (1981) “Why There Are No Risk Preferrers,” Journal of Political Economy, 89:3 (June), 600. Keywords: experiments, decisions, risk aversion. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel (1983) “Effective Probabilistic Scoring Rules for Probabilistic Forecasts,” Management Science, 29:4 447-454. Keywords: experiments, decisions, scoring rules, elicitation, forecasts. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel (1998) “Monty Hall's Three Doors: Construction and Deconstruction of a Choice Anomaly,” American Economic Review, 88:4 (September), 933-946. Keywords: experiments, decisions, Bayes' rule, anomalies, Monty Hall problem, experience, tutorials, incentives. Abstract: The three-door (Monty Hall) anomaly is pervasive in experiments, although it declines with experience, increased incentives, and tutorials. Email Contact: dan@cats.ucsc.edu

Garner, C. Alan (1982) “Self-Control Behavior in Animals,” in Research in Experimental Economics, Vol. 2, edited by V. L. Smith, Greenwich, Conn.: JAI Press, 113-128. Keywords: experiments, decisions, animal subjects, self-control. Email

Garner, C. Alan (1982) “Experimental Evidence on the Rationality of Intuitive Forecasters,” in Research in Experimental
Economics, Vol. 2, edited by V. L. Smith, Greenwich, Conn.: JAI Press, ***. Keywords: experiments, decisions, forecasts. Email

Geweke, John, ed. (1992) Decision Making under Risk and Uncertainty: New Models and Empirical Findings, Norwell, Mass. and Dordrecht: Kluwer Academic. Keywords: experiments, decisions, lottery choice, non-expected utility theory.

Gigerenzer, G. (1997) “Bounded Rationality: Models of Fast and Frugal Inference,” Schweiz. Z. Volkswirtsch. Statist./Swiss Journal of Economics and Statistics, 133:2 (June), 201-217. Keywords: experiments, decisions, hypothetical payoffs, information processing, biases, bounded rationality.

Gigerenzer, Gerd, and Daniel G. Goldstein (1999) “Reasoning the Fast and Frugal Way: Models of Bounded Rationality,” Psychological Review, forthcoming. Keywords: experiments, decisions, information processing, heuristics, biases.

Gigliotti, Gary, and Barry Sopher (1998) “An Experimental Test for Stability of the Transformation Function in
Rank-Dependent Expected Utility Theory and Order-Dependent Present Value Theory,” Rutgers University, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, lottery choice, non-expected utility, rank-dependent utility, dynamic choice, discounting, non-linear probability weighting. Abstract: A nonlinear payoff proportion weighting function is introduced to explain anomalies in dynamic choice, in much the same way as probability weighting functions may explain lottery choice behavior. The experiments reported in this paper are used to assess the stability of nonlinear probability weighting and payoff proportion weighting functions. One interesting result is that the estimated probability weighting functions do not have the predicted "inverted S" shape, but are strictly concave. Email Contact: sopher@econ.rutgers.edu

Gneezy, Uri*, and Jan Potters (1997) “An Experiment on Risk Taking and Evaluation Periods,” Quarterly Journal of Economics, 112631-646. Keywords: experiments, decisions, risk taking. Email Contact: gneezy@econ.haifa.ac.il

Gneezy, Uri (1998) “Updating the Reference Level: Experimental Evidence,” University of Haifa, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, prospect theory, dynamic decisions, finance. Abstract: The experiment is motivated by the need to measure a reference level in a financial market, in order to apply the predictions of prospect theory (risk seeking in losses and risk averse in gains from some reference point). The stock price series was generated by a random walk with a positive drift, and the reference level seemed to be the previous peak price. Email Contact: gneezy@econ.haifa.ac.il

Gneezy, Uri, and Aldo Rustichini (1999) “A Fine is a Price,” Journal of Legal Studies, forthcoming. Keywords: experiments, decisions, field experiment, fines. Abstract: The field experiment involved imposing a fine for parents who arrive late at a group of day care centers. The imposition of the fine increased the incidence of late arrivals, and the cancellation of the fine did not reduce the incidence to pre-fine levels. Email Contact: gneezy@econ.haifa.ac.il

Goldstein, William M., and Hillel J. Einhorn (1987) “Expression Theory and the Preference Reversal Phenomena,” Psychological Review, 94236-54. Keywords: experiments, decisions, lottery choice, preference reversals, expression theory.

Golec, J., and M. Tamarkin (1995) “Do Bettors Prefer Long Shots because They are Risk-Lovers, or Are They Just Overconfident?,” Journal of Risk and Uncertainty, 11:1 (July), 51-64. Keywords: experiments, decisions, betting, risk preference, overconfidence.

Gollier, Christian, and Mark Machina, eds. (1995) Non-expected Utility and Risk Management: A Special Issue of the Geneva Papers on Risk and Insurance Theory, Boston; Dordrecht and London: Kluwer Academic. Keywords: experiments, decisions, risk aversion, insurance.

Gonzalez, R., and George Wu (1999) “On the Shape of the Probability Weighting Function,” Cognitive Psychology, 38129-166. Keywords: experiments, decisions, non-expected utility, probability weighting.

Gordon, M. J., G. E. Paradis, and C. H. Rorke (1972) “Experimental Evidence on Alternative Portfolio Decision Rules,”
American Economic Review, 62:1 107-118. Keywords: experiments, decisions, portfolio choice, finance.

Grafman, Jordan, and Jonathan Leland (1998) “Decifering Descarte's Error -- Decision Making and Cognitive
Neuroscience,” U.S. National Institutes of Health, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, brain damaged subjects, biology. Abstract: The experiment reports decisions made by a group of subjects with a particular type of brain damage known to be associated with bad choices, despite the fact that this condition does not prevent patients from identifying good or bad consequences of particular decisions. Email Contact: jleland@nsf.gov

Grandmont, Jean-Michel (1989) “Report on Maurice Allais' Scientific Work,” Scandanavian Journal of Economics, 9117-28. Keywords: experiments, decisions, lottery choice, Allais paradox.

Green, Leonard (1982) “Self-Control Behavior in Animals,” in Research in Experimental Economics, Vol. 2, edited by V. L. Smith, Greenwich, Conn.: JAI Press, 129-150. Keywords: experiments, decisions, animal subjects, self-control. Email

Green, Leonard, John H. Kagel, and Raymond C. Battalio (1986) “Risk Aversion in Rats Under Varying Levels of Resource Availability,” Journal of Comparative Psychology, (January), 95-100. Keywords: experiments, decisions, risk aversion, animal subjects, rats.

Green, Leonard, John H. Kagel, and Raymond C. Battalio (1986) “Consumption Leisure Tradeoffs in Pigeons: Effects of Changing Marginal Wage Rates by Varying Amount of Reinforcement,” Journal of Experimental Analysis of Behavior, 47(January), 17-28. Keywords: experiments, decisions, consumer behavior, labor supply, wage rates, animal subjects, pigeons.

Green, Leonard, and John H. Kagel, eds. (1990) Advances in Behavioral Economics, Greenwich, Conn.: JAI Press. Keywords: experiments, decisions, markets, biases, behavioral economics.

Gregory, R., and L. Furby (1987) “Auctions, Experiments, and Contingent Valuation,” Public Choice, 55:3 (October), 273-289. Keywords: experiments, decisions, contingent valuation, auctions.

Grether, David M. (1978) “Recent Psychological Studies of Behavior under Uncertainty,” American Economic Review, 68:2 (May), 70-74. Keywords: experiments, decisions, Bayes' rule, psychology. Email Contact: dmg@doxie.caltech.edu

Grether, David M., and Charles R. Plott (1979) “Economic Theory of Choice and the Preference Reversal Phenomenon,” American Economic Review, 69:4 (September), 623-638. Keywords: experiments, decisions, lottery choice, preference reversal. Abstract: Subjects face pairs of lotteries, a "P bet" with a high probability of a reasonable gain, and a "$ bet" with a lower probably of a high monetary reward. The most common pattern of anomalous behavior is for a subject to choose the P bet in a binary choice setting, but to place a higher selling price on the $bet, a pattern that does not diminish when financial incentives are used. Email Contact: dmg@doxie.caltech.edu

Grether, David M. (1980) “Bayes' Rule as a Descriptive Model: The Representativeness Heuristic,” Quarterly Journal of Economics, 95(November), 537-557. Keywords: experiments, decisions, Bayes' rule, representativeness, biases, payment incentives, methodology. Email Contact: dmg@doxie.caltech.edu

Grether, David, and Charles R. Plott (1982) “Economic Theory of Choice and the Preference Reversal Phenomenon: Reply,” American Economic Review, 72(June), 575. Keywords: experiments, decisions, preference reversal, lottery choice. Email Contact: dmg@doxie.caltech.edu

Grether, David M., and Louis L. Wilde (1984) “Experimental Economics and Consumer Research,” in Advances in Consumer Research, edited by Thomas Kinnear, Provo, Utah: Association for Consumer Research, 724-728. Keywords: experiments, decisions, information, consumer choice. Email Contact: dmg@doxie.caltech.edu

Grether, David M., and Louis L. Wilde (1984) “An Analysis of Conjunctive Choice: Theory and Experiments,” Journal of Consumer Research, 10(March), 373-85. Keywords: experiments, decisions, conjunctive choice. Email Contact: dmg@doxie.caltech.edu

Grether, David M. (1992) “Testing Bayes' Rule and the Representativeness Heuristic: Some Experimental Evidence,” Journal of Economic Behavior and Organization, 17:1 (January), 31-57. Keywords: experiments, decisions, Bayes' rule, representativeness. Email Contact: dmg@doxie.caltech.edu

Halpern, Jennifer J., and Robert N. Stern, eds. (1998) Debating Rationality: Nonrational Aspects of Organizational Decision Making, Ithaca: Cornell University Press. Keywords: experiments, decisions, bargaining, behavioral economics. Abstract: This book is a collection of papers on bounded rationality in organizations, with experimental studies by Camerer and Bazerman et al.

Hanemann, W. Michael (1991) “Willingness to Pay and Willingness to Accept: How Much Can They Differ?,” American Economic Review, 81:3 (June), 635-647. Keywords: experiments, decisions, willingness to pay, willingness to accept.

Hanley, N. D. (1989) “Valuing Non-market Goods Using Contingent Valuation,” Journal of Economic Surveys, 3:3 235-252. Keywords: experiments, decisions, contingent valuation.

Hanson, R. (1996) “Correction to McKelvey and Page, "Public and Private Information: An Experimental Study of Information Pooling",” Econometrica, 64:5 (September), 1223-1224. Keywords: experiments, decisions, Bayes' rule, information aggregation.

Harbaugh, William T., Kate Krause, and Lise Vesterlund (1998) “The Endowment Effect in Children,” University of Oregon, Discussion Paper, presented at the Fall 1998 ESA Meetings. Keywords: experiments, decisions, endowment effect, children subjects. Email Contact: harbaugh@oregon.uoregon.edu

Harbaugh, William T., Kate Krause, and Lise Vesterlund (1999) “Are Adults Better Behaved than Children? Age, Experience, and the Endowment Effect,” University of Oregon, Discussion Paper presented at the 1999 European Economic Association Meetings. Keywords: experiments, decisions, endowment effect, children subjects, age effects. Abstract: The endowment effect for children is smaller than that reported by others for adults, and the children's endowment effect does not diminish with age or market experience. Email Contact: harbaugh@oregon.uoregon.edu, kkrause@unm.edu

Harless, David W. (1989) “More Laboratory Evidence on the Disparity between Willingness to Pay and Compensation Demanded,” Journal of Economic Behavior and Organization, 11:3 (May), 359-379. Keywords: experiments, decisions, willingness to pay, willingness to accept. Email Contact: dwharless@vcu.edu

Harless, David W. (1992) “Actions versus Prospects: The Effect of Problem Representation on Regret,” American Economic Review, 82:3 (June), 634-649. Keywords: experiments, decisions, lottery choice, regret, methodology. Email Contact: dwharless@vcu.edu

Harless, David W. (1992) “Predictions about Indifference Curves Inside the Unit Triangle: A Test of Variants of Expected Utility,” Journal of Economic Behavior and Organization, 18:3 (August), 391-414. Keywords: experiments, decisions, lottery choice, non-expected utility. Email Contact: dwharless@vcu.edu

Harless, David W. (1993) “Experimental Tests of Prospective Reference Theory,” Economic Letters, 43:1 71-76. Keywords: experiments, decisions, lottery choice, non-expected utility, prospective reference theory. Email Contact: dwharless@vcu.edu

Harless, David W., and Colin F. Camerer (1994) “The Predictive Utility of Generalized Expected Utility Theories,” Econometrica, 62:6 (November), 1251-1289. Keywords: experiments, decisions, lottery choice, expected utility, non-expected utility, noisy behavior, trembles. Email Contact: dwharless@vcu.edu

Harlow, W. V., and Keith Brown (1990) “Understanding and Assessing Financial Risk Tolerance: A Biological Perspective,” Financial Analysts Journal, 46(December), 50-62. Keywords: experiments, decisions, lottery choice, risk aversion, biology.

Harrison, Glenn W., and E. Elisabet Rutström (1985) “Experimental Measurement of Utility by a Sequential Method,”
University of New Mexico, Discussion Paper. Keywords: experiments, decisions, elicitation, utility. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W. (1986) “An Experimental Test for Risk Aversion,” Economics Letters, 21:1 7-11. Keywords: experiments, decisions, risk aversion. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W., and Peter Morgan (1990) “Search Intensity in Experiments,” The Economic Journal, 100:401 (June), 478-486. Keywords: experiments, decisions, search. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W. (1992) “Valuing Public Goods with the Contingent Valuation Method: A Critique,” Journal of Environmental Economics and Management, 23:3 (November), 248-257. Keywords: experiments, decisions, elicitation, contingent valuation, public, methodology. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W. (1992*) “Rational Expectations and Experimental Methods,” in Rational Expectations and Efficiency in Futures Markets, edited by B. A. Goss, London: Routledge, 78-108. Keywords: experiments, decisions, expectations, rational expectations. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W. (1994) “Expected Utility Theory and Experimentalists,” Empirical Economics, 19:2 223-253. Keywords: experiments, decisions, expected utility theory. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W., Morten Lau, and Melonie Williams (1998) “Estimating Individual Discount Rates in Denmark,” University of South Carolina, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, discount rates, elicitation, socio-economic determinants, Denmark. Abstract: Monetary incentives are used to elicit individual discount rates in field experiments. The effects of socio-economic variables are considered. Email Contact: mil@em.dk

Herne, Kaisa (1999) “The Effects of Decoy Gambles on Individual Choice,” Experimental Economics, 2:1 31-40. Keywords: experiments, decisions, asymmetric dominance, lottery choice, random lottery procedure.

Heroux, L., M. Laroche, and K. L. McGown (1988) “Consumer Product Label Information Processing: An Experiment Involving Time Pressure and Distraction,” Journal of Economic Psychology, 9:2 (June), ***-***. Keywords: experiments, decisions, information processing, distraction, psychology, consumer behavior.

Herrnstein, Richard J. (1970) “On the Law of Effect,” Journal of Experimental Analysis of Behavior, 13243-266. Keywords: experiments, decisions, learning, psychology, bounded rationality.

Herrnstein, Richard J., and Drazen Prelec (1991) “Melioration: A Theory of Distributed Choice,” Journal of Economic Perspectives, 5:3 (Summer), 137-156. Keywords: experiments, decisions, marginal analysis, melioration, biases.

Herrnstein, Richard J. (1991) “Experiments on Stable Suboptimality in Individual Behavior,” American Economic Review, 81:2 (May), 360. Keywords: experiments, decisions, biases, psychology.

Herrnstein, Richard J., George E. Loewenstein, Drazen Prelec, and William Vaughan Jr. (1993) “Utility Maximization and Melioration: Internalities in Individual Choice,” Journal of Behavioral Decision Making, 6149-185. Keywords: experiments, decisions, marginal analysis, melioration, biases.

Hershey, J., and H. Schoemaker (1985) “Probability versus Certainty Equivalence Methods in Utility Measurement,” Management Science, 311213-1231. Keywords: experiments, decisions, elicitation, certainty equivalence.

Hey, John D. (1979) Uncertainty in Microeconomics, New York: New York University Press. Keywords: experiments,
decisions, lottery choice. Email Contact: jdh1@york.ac.uk

Hey, John D. (1982) “Search for Rules of Search,” Journal of Economic Behavior and Organization, 3(March), 65-81. Keywords: experiments, decisions, search. Email Contact: jdh1@york.ac.uk

Hey, John D. (1987) “Still Searching,” Journal of Economic Behavior and Organization, 8:1 (March), 137-144. Keywords: experiments, decisions, search. Email Contact: jdh1@york.ac.uk

Hey, John D., and Valentino Dardanoni (1988) “Optimal Consumption under Uncertainty: An Experimental Investigation,” Economic Journal, 98:390 (Supplement), 105-116. Keywords: experiments, decisions, uncertainty, consumption. Email Contact: jdh1@york.ac.uk

Hey, John D., ed. (1989) Current Issues in Microeconomics, New York: St Martin's Press. Keywords: experiments, decisions, lottery choice. Email Contact: jdh1@york.ac.uk

Hey, John D. (1991) Experiments in Economics, Oxford and Cambridge, Mass.: Basil Blackwell. Keywords: experiments, decisions, lottery choice, markets, public, bargaining, auctions, game theory, survey, methodology, non-expected utility. Email Contact: jdh1@york.ac.uk

Hey, John D. (1993) “Testing Search Theory,” Manchester School of Economic and Social Studies, 61:1 (March), 82-94. Keywords: experiments, decisions, search. Email Contact: jdh1@york.ac.uk

Hey, John D., and Chris Orme (1994) “Investigating Generalization of Expected Utility Theory Using Experimental Data,” Econometrica, 62:6 (November), 1291-1326. Keywords: experiments, decisions, lottery choice, expected utility theory, non-expected utility theory, probabilistic choice, probit model, bounded rationality. Email Contact: jdh1@york.ac.uk

Hey, John D. (1994) “Expectations Formation: Rational or Adaptive or...?,” Journal of Economic Behavior and Organization, 25:3 (December), 329-349. Keywords: experiments, decisions, forecasting, expectations, rational expectations, adaptive expectations, learning. Email Contact: jdh1@york.ac.uk

Hey, John D. (1995) “Experimental Investigations of Errors in Decision Making Under Risk,” European Economic Review, 39:3-4 (April), 633-640. Keywords: experiments, decisions, lottery choice, decision error, stochastic choice. Email Contact: jdh1@york.ac.uk

Hey, John D., and Erica Carbone (1995) “Stochastic Choice with Deterministic Preferences: An Experimental Investigation,” Economic Letters, 47:2 (February), 161-167. Keywords: experiments, decisions, stochastic choice, decision error, bounded rationality. Email Contact: jdh1@york.ac.uk

Hey, John D. (1998) “Does Repetition Improve Consistency?,” University of York, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, lottery choice, experience effects, expected utility. Abstract: Subjects were presented with the same set of 100 pairwise lottery choices on five different days. The objective of the experiment is to fit expected and non-expected utility functions and to determine whether prior experience causes noise in decision making to decline. Such a decline is observed for some subjects, but not for others, which makes it difficult to identify the best model for those people. Email Contact: jdh1@york.ac.uk

Hoffman, Elizabeth, and Matthew Spitzer (1990) “The Divergence Between Willingness-to-Pay and Willingness-to-Accept Measures of Values,” California Institute of Technology, Social Science Working Paper 755. Keywords: experiments, decisions, willingness to pay, willingness to accept. Email Contact: ehoffman@uic.edu

Hogarth, Robin M., and M. W. Reder (1986) “Perspectives from Economics and Psychology: Editor's Comments,” Journal of Business, 59:4 (Part 2, October), S185-207. Keywords: experiments, decisions, biases, psychology, methodology.

Hogarth, Robin M., and Melvin W. Reder, eds. (1987) Rational Choice: The Contrast Between Economics and Psychology, Chicago: Chicago University Press. Keywords: experiments, decisions, methodology, bounded rationality, psychology, biases, anomalies.

Hogarth, Robin M. (1988) Judgement and Choice, New York: John Wiley. Keywords: experiments, decisions, biases, psychology.

Hogarth, Robin M., ed. (1990) Insights in Decision Making: A Tribute to Hillel J. Einhorn, Chicago and London: University of Chicago Press. Keywords: experiments, decisions, biases, psychology.

Holt, Charles A. (1986) “Preference Reversals and the Independence Axiom,” American Economic Review, 76:3 (June), 508-515. Keywords: experiments, decisions, preference reversals, independence axiom, wealth effects, random lottery method. Abstract: This theoretical note shows that preference reversals do not necessarily imply violations of transitivity if the independence axiom of expected utility theory is not satisfied. Email Contact: holt@virginia.edu

Holt, Charles A. (1986) “Scoring Rules for Eliciting Subjective Probability and Utility Functions,” in Bayesian Inference and Decision Techniques: Essays in Honor of Bruno de Finetti, edited by P.K. Goel and A. Zellner, Amsterdam: North-Holland, 279-290. Keywords: experiments, decisions, elicitation, scoring rules, proper scoring rules. Abstract This paper develops a group of related scoring rules that are informative despite the fact that they are generally not "proper," i.e. the actual subjective distribution must be inferred from the subject's responses. The parallel elicitation of utility is also discussed. Email Contact: holt@virginia.edu

Holt, Charles A. (1992) “ISO Probability Matching,” University of Virginia, Discussion Paper. Keywords: experiments, decisions, probability matching, Bayes' rule. Abstract: Probability matching is not observed; subjects predict the more likely event a high percentage of the time, with and without money incentives, although convergence toward the rational decisions is
faster under money incentives. Email Contact: holt@virginia.edu

Hommes, Cars H., Joep Sonnemans, and Henk van de Velden (1998) “Expectation Formation in a Cobweb Economy: Some One-Person Experiments,” in Market Structure, Aggregation and Heterogeneity, edited by D. Gatti and A. Kirman, forthcoming. Keywords: experiments, decisions, expectations, cobweb model, rational expectations. Email Contact: joeps@fee.uva.edu

Horowitz, J. K. (1992) “A Test of Intertemporal Consistency,” Journal of Economic Behavior and Organization, 17:1 (January), 171-182. Keywords: experiments, decisions**.

Hovenkamp, H. (1991) “Legal Policy and the Endowment Effect,” Journal of Legal Studies, 20:2 (June), 225-247. Keywords: experiments, decisions, endowment effect, law.

Hoy, Michael (1988) “Risk Management and the Value of Symmetric Information in Insurance Markets,” Economica, 55:219 (August), 355-364. Keywords: experiments, decisions, risk, insurance.

Huck, Steffen, and Jörg Oechssler (1998) “Information Cascades with Continuous Action Spaces,” Economics Letters, 60:2 (August), 162-166**. Keywords: experiments, decisions, information cascades, Bayes' rule. Email Contact: huck@wiwi.hu-berlin.de, oechssler@uni-bonn.de

Hung, Angela, and Charles R. Plott (1999) “Information Cascades: A Replication and Extension to Majority Rule and Grand Jury Instructions,” American Economic Review, forthcoming. Keywords: experiments, decisions, information cascades, Bayes' Rule, majority rule. Email Contact: angela@hss.caltech.edu

Irwin, J. R., Paul Slovic, Sarah Lichtenstein, and G. McClelland (1993) “Preference Reversals and the Measurement of Environmental Values,” Journal of Risk and Uncertainty, 6:1 (January), 5-18. Keywords: experiments, decisions, preference reversals, elicitation, environmental economics.

Isaac, R. Mark, and Duncan James (1998) “Just Who Are You Calling Risk Averse,” Journal of Risk and Uncertainty, forthcoming. Keywords: experiments, decisions, risk aversion, auctions, BDM method. Email Contact: misaac@bpa.arizona.edu

James, Duncan, and R. Mark Isaac (1999) “A Theory of Risky Choice,” University of Arizona, Discussion Paper, presented at the Spring 1999 Public Choice Meetings. Keywords: experiments, decisions. Email Contact: misaac@bpa.arizona.edu, duncan@aruba.ccit.arizona.edu

Johannesson, M., B. Liljas, and P. O. Johansson (1998) “An Experimental Comparison of Dichotomous Choice Contingent Valuation Questions and Real Purchase Decisions,” Applied Economics, 30:5 (May), 643-647. Keywords: experiments, decisions, elicitation, contingent valuation.

Kachelmeier, Steven J., and Mohamed Shehata (1992) “Examining Risk Preferences Under High Monetary Incentives: Experimental Evidence from the People's Republic of China,” American Economic Review, 82:5 (December), 1120-1141. Keywords: experiments, decisions, risk preference, elicitation, high incentives, international comparisons, subject pool effects, China. Email Contact: kach@mail.utexas.edu

Kachelmeier, Steven J. (1996) “Do Cosmetic Reporting Variations Affect Market Behavior? A Laboratory Study of the Accounting Emphasis on Unavoidable Costs,” Review of Accounting Studies, 1115-140. Keywords: experiments, decisions, accounting, information. Email Contact: kach@mail.utexas.edu

Kadane, J. B., and R. L. Winkler (1988) “Separating Probability Elicitation from Utilities,” Journal of the American Statistical Association, 83:402 (June), 357-363. Keywords: experiments, decisions, elicitation, risk attitudes, methodology.

Kagel, John H., Raymond C. Battalio, Howard Rachlin, Leonard Green, Robert L. Basmann, and W. R. Klemm (1975) “Experimental Studies of Consumer Demand Behavior Using Laboratory Animals,” Economic Inquiry, 13(March), 22-38. Keywords: experiments, decisions, animal subjects, consumer behavior, budget constraint. Email Contact: kagel+@pitt.edu

Kagel, John H., Raymond C. Battalio, Robert C. Winkler, E. B. Fisher, C. G. Miles, R. L. Basmann, and L. Krasner (1975) “Income, Consumption, and Saving in Controlled Environments: Further Economic Analysis,” in Experimentation in Controlled Environments and Its Implications for Economic Behavior and Social Policy Making, edited by C. G. Miles, Toronto: Addiction Research Foundation, 71-88. Keywords: experiments, decisions, macroeconomics, saving. Email Contact: kagel+@pitt.edu

Kagel, John H., Raymond C. Battalio, Robert Winkler, and E. B. Fisher (1976) “Job Choice and Total Labor Supply: An Experimental Analysis,” Southern Economic Journal, 44(July), 13-24. Keywords: experiments, decisions, labor supply, job choice. Email Contact: kagel+@pitt.edu

Kagel, John H., and Raymond Battalio (1980) “Token Economy and Animal Models for the Experimental Analysis of Economic Behavior,” in Evaluation of Econometric Models, edited by J. Kmenta and J. Ramsey, New York: Academic Press, 379-401. Keywords: experiments, decisions, animal subjects. Email Contact: kagel+@pitt.edu

Kagel, John H., Raymond C. Battalio, Leonard Green, and Howard Rachlin (1980) “Consumer Demand Behavior Applied to Choice Behavior in Rats,” in Limits to Action: The Allocation of Individual Behavior, edited by J. E. R. Staddon, New York: Academic Press, 237-267. Keywords: experiments, decisions, demand behavior, animal subjects, rats.
Email Contact: kagel+@pitt.edu

Kagel, John H., Raymond C. Battalio, and G. C. Miles (1980) “Marijuana and Work Performance: Results from an Experiment,” Journal of Human Resources, 15(Summer), 373-395. Keywords: experiments, decisions, work performance, marijuana. Email Contact: kagel+@pitt.edu

Kagel, John H., Raymond C. Battalio, Howard Rachlin, and Leonard Green (1981) “Demand Curves for Animal Consumers,” Quarterly Journal of Economics, 96:1 (February), 1-16. Keywords: experiments, decisions, animal subjects, consumer demand. Email Contact: kagel+@pitt.edu

Kagel, John H., Raymond C. Battalio, and Leonard Green (1983) “Matching versus Maximizing: Comments on Prelec's Paper,” Psychology Review, 90(October), 380-381. Keywords: experiments, decisions, rational choice, matching. Email Contact: kagel+@pitt.edu

Kagel, John H. (1987) “Economics According to the Rats (and Pigeons Too); What Have We Learned and What Can We Hope to Learn?,” in Laboratory Experimentation in Economics: Six Points of View, edited by A. E.. Roth, Cambridge: Cambridge University Press, 155-192. Keywords: experiments, decisions, animal experiments, lottery choice, decisions, risk aversion, labor supply. Email Contact: kagel+@pitt.edu

Kagel, John H., Don N. MacDonald, and Raymond C. Battalio (1990) “Tests of 'Fanning Out' of Indifference Curves: Results from Animal and Human Experiments,” American Economic Review, 80:4 (September), 912-921. Keywords: experiments, decisions, lottery choice, fanning out, animal subjects, subject pool effects. Email Contact: kagel+@pitt.edu

Kagel, John H., Raymond C. Battalio, and Leonard Green (1995)Economic Choice Behavior: An Economic Analysis of Animal Behavior, New York: Cambridge University Press. Keywords: experiments, decisions, animal subjects, consumer behavior, labor supply, pigeons, rats. Email Contact: kagel+@pitt.edu

Kahneman, Daniel, and Amos Tversky (1972) “Subjective Probability: A Judgement of Representativeness,” Cognitive Psychology, 3430-454. Keywords: experiments, decisions, probability judgement, Bayes' rule, representativeness, biases. Email Contact: kahneman@wws.princeton.edu

Kahneman, Daniel, and Amos Tversky (1973) “On the Psychology of Prediction,” Psychology Review, 80(237-251), . Keywords: experiments, decisions, prediction, psychology. Email Contact: kahneman@wws.princeton.edu

Kahneman, Daniel, and Amos Tversky (1979) “Prospect Theory: An Analysis of Decision Under Risk,” Econometrica,
47:2 (March), 263-291. Keywords: experiments, decisions, prospect theory, non-expected utility theories, risk, lottery choice. Email Contact: kahneman@wws.princeton.edu

Kahneman, Daniel, Paul Slovic, and Amos Tversky, eds. (1982)Judgement Under Uncertainty: Heuristics and Biases, Cambridge: Cambridge University Press. Keywords: experiments, decisions, biases, survey. Email Contact: kahneman@wws.princeton.edu

Kahneman, Daniel, Jack L. Knetsch, and Richard H. Thaler (1990) “Experimental Tests of the Endowment Effect and the Coase Theorem,” Journal of Political Economy, 98:6 (December), 1325-1348. Keywords: experiments, decisions, endowment effect, Coase theorem, biases. Email Contact: kahneman@wws.princeton.edu

Kahneman, Daniel, and Richard H. Thaler (1991) “Economic Analysis and the Psychology of Utility: Applications to Compensation Policy,” American Economic Review, 81:2 (May), 341-346. Keywords: experiments, decisions, utility, psychology. Email Contact: kahneman@wws.princeton.edu

Kahneman, Daniel, Jack L. Knetsch, and Richard H. Thaler (1991) “The Endowment Effect, Loss Aversion, and Status Quo Bias: Anomalies,” Journal of Economic Perspectives, 5:1 (Winter), 193-206. Keywords: experiments, decisions, biases, anomalies, psychology, endowment effect, loss aversion, status quo bias. Email Contact: kahneman@wws.princeton.edu

Kahneman, Daniel, and Jack L. Knetsch (1992) “Contingent Valuation and the Value of Public Goods: Reply,” Journal of Environmental Economics and Management, 22:1 (January), 90-94. Keywords: experiments, decisions, contingent valuation, elicitation. Email Contact: kahneman@wws.princeton.edu

Kanninen, B. J. (1993) “Design of Sequential Experiments for Contingent Valuation Studies,” Journal of Environmental Economics and Management, 25:1 (Part 2 July), S1-S11. Keywords: experiments, decisions, elicitation, contingent valuation, sequential choices.

Kaplan, Todd R., and Bradley J. Ruffle (1999) “The Self-Serving Bias and Beliefs about Rationality,” Ben-Gurion University, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, self-serving bias, subject pool effects, rationality. Email Contact: bradley@bgumail.bug.ac.il

Karni, Edi, and Zvi Safra (1987) “'Preference Reversal' and the Observability of Preferences by Experimental Methods,” Econometrica, 55:3 (May), 675-685. Keywords: experiments, decisions, preference reversals, elicitation.

Katona, George (1951) Psychological Analysis of Economic Behavior, New York: McGraw-Hill. Keywords:
experiments, decisions, psychology.

Katona, George (1980) Essays on Behavioral Economics, Ann Arbor: University of Michigan, Survey Research Center. Keywords: experiments, decisions.

Kealy, M. J., M. Montgomery, and J. F. Dovidio (1990) “Reliability and Predictive Validity of Contingent Values: Does

the Nature of the Good Matter?,” Journal of Environmental Economics and Management, 19:3 (November), 244-263. Keywords: experiments, decisions, contingent valuation, elicitation.

Keeley, Michael C., Philip K. Robins, Robert G. Spiegelman, and Richard W. West (1978) “The Estimation of Labor Supply Models Using Experimental Data,” American Economic Review, 68:5 (December), 873-887. Keywords: experiments, decisions*.

Keller, L. Robin (1985) “The Effects of Problem Representation on the Sure-Thing and Substitution Principles,” Management Science, 31738-751. Keywords: experiments, decisions, lottery choice, representation effects, expected utility theory, sure-thing principle, substitution axiom.

Kelman, M., D. E. Fallas, and H. Folger (1998) “Decomposing Hindsight Bias,” Journal of Risk and Uncertainty, 16:3 (July-August), 251-269. Keywords: experiments, decisions, hindsight bias, anomalies.

Kemp, S, S. E. G. Lea, and S. Fussell (1995) “Experiments on Rating the Utility of Consumer Goods: Evidence Supporting Microeconomic Theory,” Journal of Economic Psychology, 16:4 (December), 543-561. Keywords: experiments, decisions, consumer choice, utility ratings.

Kessler, E. H., C. M. Ford, and J. R. Bailey (1996) “Object Valence as a Moderator of the Framing Effect on Risk Preference,” Journal of Economic Behavior and Organization, 30:2 (August), 241-256. Keywords: experiments, decisions, risk preference, framing effects.

Kirchner, C. (1994) “New Challenges to the Rationality Assumption: Comment,” Journal of Institutions and Theoretical Economics, 150:1 (March), 37-41. Keywords: experiments, decisions, rationality, bounded rationality, biases.

Knetsch, Jack L., and J. A. Sinden (1984) “Willingness to Pay and Compensation Demanded: Experimental Evidence of an
Unexpected Disparity in Measures of Value,” Quarterly Journal of Economics, 99:3 (August), 507-521. Keywords: experiments, decisions, elicitation, willingness to pay.

Knetsch, Jack L., and J. A. Sinden (1987) “The Persistence of Evaluation Disparities,” Quarterly Journal of Economics, 102:3 (August), 691-695. Keywords: experiments, decisions, elicitation, willingness to pay.

Knetsch, Jack L. (1989) “The Endowment Effect and Evidence of Non-Reversible Indifference Curves,” American Economic Review, 791277-1284**. Keywords: experiments, decisions, endowment effect, biases.

Knetsch, Jack L. (1992) “Preferences and Nonreversability of Indifference Curves,” Journal of Economic Behavior and Organization, 17:1 (January), 131-139. Keywords: experiments, decisions, utility theory.

Knetsch, Jack L. (1995) “Asymmetric Valuation of Gains and Losses and Preference Order Assumptions,” Economic Inquiry, 33:1 (January), 134-141. Keywords: experiments, decisions, biases, reference point, valuation of gains and losses.

Knetsch, Jack L. (1997) “Evaluation and Environmental Policies: Recent Behavioral Findings and Further Implications,” in Sustainability and Global Environmental Policy: New Perspectives, edited by A. Dragun and K. Jakobsson, Cheltenham, U.K.: Edgar Elgar, 193-212. Keywords: experiments, decisions, elicitation, environmental economics. Email

Knetsch, Jack L. (1999) “Environmental Valuations and Standard Theory: Behavioral Findings, Context Dependence, and Implication,” in The International Yearbook of Environmental and Resource Economics, 2000/2001, edited by T. Teitenberg and E. Folmer, Northampton, Mass.: Edward Elgar, forthcoming. Keywords: experiments, decisions, elicitation, contingent valuation, context dependence, environmental economics. Email

Knez, Marc, and Vernon L. Smith (1987) “Hypothetical Valuations and Preference Reversals in the Context of Asset Trading,” in Laboratory Experimentation in Economics, Six Points of View, edited by A. E.. Roth, Cambridge: Cambridge University Press, 131-154. Keywords: experiments, decisions, incentives, preference reversals, willingness to pay, willingness to accept, markets, asset markets, double auctions, rationality, hypothetical valuations, dominance. Email

Knoll, Yoram, Hiam Levy, and Amnon Rapoport (1988) “Experimental Tests of the Mean-Variance Model for Portfolio Selection,” Organizational Behavior and Human Decision Processes, 42388-410. Keywords: experiments, decisions, portfolio choice, mean-variance model, asset markets. Email Contact: amnon@aruba.u.arizona.edu

Kogut, Carl A. (1990) “Consumer Search Behavior and Sunk Costs,” Journal of Economic Behavior and Organization, 14:3 (December), 381-392. Keywords: experiments, decisions, search, sunk costs.

Kogut, C. A. (1992) “Recall in Consumer Search,” Journal of Economic Behavior and Organization, 17:1 (January), 141-151. Keywords: experiments, decisions, search, recall.

Kogut, Carl A., and Oren R. Phillips (1994) “Individual Decision Making in an Investment Setting,” Journal of Economic
Behavior and Organization, 25:3 (December), 459-471. Keywords: experiments, decisions, investment, lottery choice.

Krahnen, J. P., C. Rieck, and E. Theissen (1997) “Inferring Risk Attitudes from Certainty Equivalents: Some Lessons from an Experimental Study,” Journal of Economic Psychology, 18:5 (September), 469-486. Keywords: experiments, decisions, risk preferences, certainty equivalents, elicitation.

Krause, Kate, and William T. Harbaugh (1999) “Do Children Behave According to Prospect Theory,” University of New Mexico, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, lottery choice, non-expected utility, children subjects, prospect theory. Email Contact: kkrause@mail.unm.edu

Kremer, Tobias, and Markus Nöth (1998) “Overconfidence and Information Cascades: Experimental Evidence,” University of Mannheim, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, decisions, overconfidence,
information cascades, psychology, biases. Email Contact: noeth@bank.BWL.uni-mannheim.de

Kruse, Jamie Brown, Howard Kunreuther, and Kevin Simmons (1999) “Risk Mitigation: Individual and Market Behavior,” Texas Tech University, Discussion Paper, presented at the Summer 1999 ESA Meetings. Keywords: experiments, decisions, risk, insurance, elicitation, Vickrey auctions. Email Contact: jamie.kruse@ttu.edu

Kunreuther, Howard, and Paul Slovic (1978) “Economics, Psychology, and Protective Behavior,” American Economic Review, 68:2 (May), 64-69. Keywords: experiments, decisions, psychology. Email Contact: kunreuther@wharton.upenn.edu

Kunreuther, Howard (1986) “Comments [Rational Choice in Experimental Markets] [Fairness and the Assumptions of Economics],” Journal of Business, 59:4 (October), S329-335. Keywords: experiments, decisions, rational choice, fairness, psychology. Email Contact: kunreuther@wharton.upenn.edu

Kuon, Bettina (1993) “Measuring the Typicalness of Behavior,” Mathematics and Social Science, 26:1 (July), 35-59. Keywords: experiments, decisions, conformity. Email Contact: kuon@snvwllab2.econ1.uni-bonn.de

Kuon, Bettina, Barbara Mathauschek, and Abdolkarim Sadrieh (1998) “Groups Take the Better Bets,” University of Bonn, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, lottery choice, group decisions, risk attitudes. Abstract: The lottery-choice decisions of groups and individuals are compared. Groups are no less likely to exhibit inconsistencies with expected-utility theory. Groups seem to make choices that are "less extreme" and perhaps closer to risk neutrality than is the case with individuals. Email Contact: kuon@lab.econ1.uni-bonn.de

Kurz, M (1974) “Experimental Approach to the Determination of the Demand for Public Goods,” Journal of Public Economics, 3:4 (November), 329-348. Keywords: experiments, decisions, elicitation, public goods, hypothetical incentives.

Laibson, David, and Richard J. Zeckhauser (1998) “Amos Tversky and the Ascent of Behavioral Economics,” Journal of Risk and Uncertainty, 16:1 (April), 7-47. Keywords: experiments, decisions, Tversky, behavioral economics. Email Contact: dlaibson@harvard.edu

Langer, Thomas, and Martin Weber (1998) “Prospect Theory, Mental Accounting and Differences in Aggregated and Segregated Evaluations of Lottery Portfolios?,” Mannheim University, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, lottery choice, prospect theory, presentation effects. Email Contact:
Langer@bank.bwl.uni-mannheim.de, weber@bank.bwl.uni-mannheim

Langlois, R. N. (1990) “Bounded Rationality and Behavioralism: A Clarification and Critique,” Journal of Institutional and Theoretical Economics, 146:4 (December), 691-695. Keywords: experiments, decisions, bounded rationality.

Laschke, Andreas, Rakesh Sarin, and Martin Weber (1999) “Subjective Probability Updating,” University of Mannheim, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, decisions, probability assessment, overconfidence bias. Email Contact: weber@bank.bwl.uni-mannheim

Laury, Susan K., and Melayne Morgan McInnes (1999) “Information and Insurance: An Experimental Investigation,” Georgia State University, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, information, insurance, risk pricing, representativeness bias, Bayes' rule. Email Contact: slaury@gsu.edu

Le Menestrel, Marc (1998) “Can Procedural Preferences Integrate Normative and Descriptive Approaches of Rationality?,” INSEAD, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, procedure-based preferences, psychological game theory, prisoner's dilemma. Abstract: The paper proposes a definition of
rationality that includes both consequential and procedural preferences. Procedural preferences could provide utilities associated with particular "cooperate" or "defect" actions in a prisoner's dilemma, for example. Email Contact: menestral@insead.fr

Levy, Hiam (1994) “Absolute and Relative Risk Aversion: An Experimental Study,” Journal of Risk and Uncertainty, 8:3 (May), 289-307. Keywords: experiments, decisions, risk aversion, absolute risk aversion, relative risk aversion. Abstract: Subjects made portfolio choices between safe and risky assets, and under conditions of changing experiment income and outside real wealth. Portfolio choices provide evidence of decreasing absolute risk aversion, but the increasing relative risk aversion hypothesis is rejected. Decisions were more sensitive to laboratory wealth than to outside personal wealth, which had little effect.

Lichenstein, Sarah, Paul Slovic, and Donald Zink (1969) “Effects of Instruction in Expected Value on Optimality of Gambling Decisions,” Journal of Experimental Psychology, 79236-240. Keywords: experiments, decisions, lottery choice, methodology.

Lichtenstein, Sarah, and Paul Slovic (1971) “Reversals of Preference between Bids and Choices in Gambling Decisions,” Journal of Experimental Psychology, 8946-55. Keywords: experiments, decisions, lottery choice, preference reversals.

Lichtenstein, Sarah, and Paul Slovic (1973) “Response-Induced Reversals of Preference in Gambling: An Extended Replication in Las Vegas,” Journal of Experimental Psychology, 10116-20. Keywords: experiments, decisions, lottery choice, preference reversals, professionals as subjects, methodology, subject pool.

Lindman, H.*, and Paul Slovic (1971) “Inconsistent Preferences Among Gambles,” Journal of Experimental Psychology, 89390-397. Keywords: experiments, decisions, lottery choice.

Lipman, B. L. (1995) “Information Processing and Bounded Rationality: A Survey,” Canadian Journal of Economics, 28:1 (February), 42-67. Keywords: experiments, decisions, bounded rationality, information processing.

List, John A., and Jason F. Shogren (1998) “Calibration of the Difference Between Actual and Hypothetical Valuations in a Field Experiment,” Journal of Economic Behavior and Organization, 37:2 (October), 193-205. Keywords: experiments, decisions, elicitation, hypothetical valuations, calibration, field experiments. Abstract: Elicitation of hypothetical bids is done in conjunction with obtaining actual bids in a field setting, in order to learn how to "calibrate" hypothetical bids in other contexts. The extent of the needed calibration turns out to be sensitive to factors such as the presence of other goods in the auction, i.e. calibration is context specific. Email Contact: John.List@bus.ucf.edu

List, John A., and Jason F. Shogren (1998) “The Deadweight Loss of Christmas: Comment,” American Economic Review, 88:5 1350-1355. Keywords: experiments, decisions, elicitation, hypothetical bias, methodology. Email Contact: John.List@bus.ucf.edu

List, John A., M. Margolis, and Jason F. Shogren (1998) “Hypothetical-Actual Bid Calibration in a Multi-Good Auction,” Economics Letters, 60:3 (September), 263-268. Keywords: experiments, decisions, elicitation, calibration of hypothetical bids, auction. Email Contact: John.List@bus.ucf.edu

List, John A. (1999) “A Field Test of the Cheap Talk Valuation Design,” University of Central Florida, Discussion Paper. Keywords: experiments, field experiments, decisions, contingent valuation, real incentives, hypothetical bias, cheap talk admonitions about hypothetical bias, professional dealer subjects, subject pool comparisons, second price auctions. Abstract: A second price auction for sports cards is used to elicit valuations under three incentive structures: real, hypothetical, and hypothetical-with-warnings about overstating values. The cheap talk warning eliminated hypothetical bias in non-professional subjects, but the bids of card dealers decline sharply with real incentives relative to the cheap-talk (hypothetical incentives) treatment. Email Contact: John.List@bus.ucf.edu

List, John A., and Jason Shogren (1999) “Calibration of Willingness-to-Accept,” University of Central Florida, Discussion Paper. Keywords: experiments, decisions, elicitation, willingness to accept, calibration. Email Contact: John.List@bus.ucf.edu

Loewenstein, George, and Richard H. Thaler (1989) “Intertemporal Choice,” Journal of Economic Perspectives, 3:4 (Fall), 181-193. Keywords: experiments, decisions, biases, time preference, hyperbolic discounting, psychology.

Loewenstein, George, and David Prelec (1991) “Negative Time Preferences,” American Economic Review, 81:2 (May),
347-352. Keywords: experiments, decisions, time preference, biases, psychology.

Loewenstein, George, and David Prelec (1992) “Anomalies in Intertemporal Choice: Evidence and an Interpretation,” Quarterly Journal of Economics, 107:2 (May), 573-597. Keywords: experiments, decisions, time preference, intertemporal choice, anomalies, biases.

Loewenstein, George (1999) “Experimental Economics from the Vantage Point of Behavioral Economics,” Economic Journal, 109:453 (February), F23**-34. Keywords: experiments, decisions, methodology, psychology.

Loke, W. H. (1989) “The Effects of Framing and Incomplete Information on Judgements,” Journal of Economic Psychology, 10:3 (November), 329-341. Keywords: experiments, decisions, framing, information, biases.

Loomes, Graham, and C. Taylor (**) “Non-transitive Preferences over Gains and Losses,” Economic Journal, 111**:102 (March), 357-365. Keywords: experiments, decisions, lottery choice, losses, transitivity. Email Contact: gcl1@york.ac.uk

Loomes, Graham, and Robert Sugden (1982) “Regret Theory: An Alternative Theory of Rational Choice under Uncertainty,” Economic Journal, 92805-824. Keywords: experiments, decisions, regret theory. Email Contact: gcl1@york.ac.uk

Loomes, Graham, and Robert Sugden (1982) “A Rationale for Preference Reversal,” American Economic Review, 73428-432. Keywords: experiments, decisions, preference reversal. Email Contact: gcl1@york.ac.uk

Loomes, Graham, and Robert Sugden (1987) “Some Implications of a More General Form of Regret Theory,” Journal of Economic Theory, 41:2 (April), 270-287. Keywords: experiments, decisions, regret theory. Email Contact: gcl1@york.ac.uk

Loomes, Graham, and Robert Sugden (1987) “Testing for Regret and Disappointment in Choice under Uncertainty,” Economic Journal, 97(Supplement), 118-129. Keywords: experiments, decisions, regret theory, biases. Email Contact: gcl1@york.ac.uk

Loomes, Graham (1988) “Further Evidence of the Impact of Regret and Disappointment in Choice under Uncertainty,” Econometrica, 55:217 (February), 47-62. Keywords: experiments, decisions, regret theory. Email Contact: gcl1@york.ac.uk

Loomes, Graham (1988) “When Actions Speak Louder than Prospects,” American Economic Review, 78:3 (June), 463-470. Keywords: experiments, decisions, lottery choice. Email Contact: gcl1@york.ac.uk

Loomes, Graham, Chris Starmer, and Robert Sugden (1991) “Observing Violations of Transitivity by Experimental Methods,” Econometrica, 59:2 (March), 425-439. Keywords: experiments, decisions, biases, transitivity. Email Contact: gcl1@york.ac.uk

Loomes, Graham (1991) “Evidence of a New Violation of the Independence Axiom,” Journal of Risk and Uncertainty, 4:1 (January), 91-108. Keywords: experiments, decisions, lottery choice, independence axiom. Email Contact: gcl1@york.ac.uk

Loomes, Graham, and Uzi Segal (1994) “Observing Different Orders of Risk Aversion,” Journal of Risk and Uncertainty, 9:3 (December), 239-256. Keywords: experiments, decisions, risk aversion. Email Contact: gcl1@york.ac.uk

Loomes, Graham, and Robert Sugden (1995) “Incorporating a Stochastic Element into Decision Theories,” European Economic Review, 39:3-4 (April), 641-648. Keywords: experiments, decisions, lottery choice, probabilistic choice. Email Contact: gcl1@york.ac.uk

Loomes, Graham, and Robert Sugden (1998) “Testing Different Stochastic Specifications of Risky Choice,” Econometrica, 65:260 (November), 581-598. Keywords: experiments, decisions, lottery choice, stochastic choice, non-expected utility theory, probit, fixed-epsilon errors, random preference model. Abstract: This paper lets subjects face the same lottery choice decisions twice, in order to test stochastic choice models based on 1) fixed-epsilon error probability (Harless-Camerer), 2) probit probabilistic choice (Hey-Orme), and 3) random effects with randomly drawn preference parameters from a population distribution. The authors conclude that the fixed-epsilon model performs poorly, the probit model predicts more violations of dominance than are observed, and the random preference model fails to account for the violations that are observed. Email Contact: gcl1@york.ac.uk

Loomis, John, George Peterson, Patricia Champ, Thomas Brown, and Beatrice Lucero (1998) “Paired Comparison Estimates of Willingness to Accept Versus Contingent Valuation Estimates of Willingness to Pay,” Journal of Economic Behavior and Organization, 35:4 501-515. Keywords: experiments, decisions, contingent valuation, willingness to accept, WTA/WTP.

Lucas Jr., Robert E. (1986) “Adoptive Behavior and Economic Theory,” Journal of Business, 59:4 (October), S401-426. Keywords: experiments, decisions, adaptive behavior, learning.

Luce, R. Duncan (1959) Individual Choice Behavior, New York: John Wiley & Sons. Keywords: experiments, decisions, probabilistic choice.

Luce, R. D. (1986) “Comments [Rational Choice in Experimental Markets] [Fairness and the Assumptions of Economics],” Journal of Business, 59:4 (Part 2, October), S337-S345. Keywords: experiments, decisions, psychology, rational choice, fairness.

Luce, R. D. (1992) “Where Does Subjective Expected Utility Fail Descriptively?,” Journal of Risk and Uncertainty, 5:1 (February), 5-27. Keywords: experiments, decisions, expected utility theory, biases, anomalies.

Luce, R. D., B. A. Mellers, and S. Chang (1993) “Is Choice the Correct Primitive? On Using Certainty Equivalents and Reference Levels to Predict Choices among Gambles,” Journal of Risk and Uncertainty, 6:2 (April), 115-143. Keywords: experiments, decisions, lottery choice, elicitation.

Luini, Luigi, ed. (1999) Uncertain Decisions: Bridging Theory and Experiments, Dordrecht: Kluwer Academic Press. Keywords: experiments, decisions, non-expected utility theory. Email Contact: luini@unisi.it

MacCrimmon, K. R., and M. Toda (1969) “The Experimental Determination of Indifference Curves,” The Review of Economic Studies, 36:(4) (108) (October), 433-451. Keywords: experiments, decisions, elicitation, indifference curves. Email Contact: maccrimmon@law.ubc.ca

MacDonald, D. N., and W. L. Huth (1989) “Individual Valuation, Market Valuation, and the Preference Reversal Phenomenon,” Journal of Behavioral Economics, 18:2 (Summer), 99-114. Keywords: experiments, decisions, preference reversals, market effects.

MacDonald, D. N., and Wall J. L. (1989) “An Experimental Study of the Allais Paradox over Losses: Some Preliminary Evidence,” Quarterly Journal of Business and Economics, 28:4 (Autumn), 43-60. Keywords: experiments, decisions, lottery choice, losses, Allais paradox.

MacDonald, Don N., John H. Kagel, and Raymond C. Battalio (1991) “Animals' Choices over Uncertain Outcomes: Further Experimental Results,” Economic Journal, 101:408 (September), 1067-1084. Keywords: experiments, decisions, lottery choice, animal subjects.

MacDonald, D. N., W. L. Huth, and P.M. Taube (1992) “Generalized Expected Utility Analysis and Preference Reversals: Some Initial Results in the Loss Domain,” Journal of Economic Behavior and Organization, 17:1 (January), 115-130. Keywords: experiments, decisions, preference reversals, lottery choice, losses, non-expected utility,.

Machina, Mark J. (1982) “'Expected Utility' Analysis Without the Independence Axiom,” Econometrica, 50:2 (March), 277-323. Keywords: experiments, decisions, lottery choice, independence axiom, non-expected utility.

Machina, Mark J. (1987) “Choice under Uncertainty: Problems Solved and Unsolved,” Journal of Economic Perspectives, 1:1 (Summer), 121-154. Keywords: experiments, decisions, lottery choice.

Mackenzie, Kenneth D., and Hutton F. Barron (1970) “Analysis of a Decision Making Investigation,” Management Science, 17B226-B241. Keywords: experiments, decisions.

Madsen, J. B. (1994) “Tests of Rationality versus an "Over Optimist" Bias,” Journal of Economic Psychology, 15:4 (December), 587-599. Keywords: experiments, decisions, rationality, over optimist bias, biases, psychology.

Magelsdorff, L., and Martin Weber (1994) “Testing Choquet Expected Utility,” Journal of Economic Behavior and Organization, 25:3 (December), 437-457. Keywords: experiments, decisions, non-expected utility, Choquet expected utility. Email Contact: weber@bank.bwl.uni-mannheim

Maines, L., and J. Hand (1996) “Individuals' Perceptions and Misperceptions of Time Series Properties of Quarterly Earnings,” The Accounting Review, 71:3 317-336. Keywords: experiments, decisions, forecasting, finance, accounting.

Marimon, Ramon, and Shyam Sunder (1988) “Rational Expectations vs. Adaptive Behavior in a Hyperinflationary World:
Experimental Evidence,” University of Minnesota, working paper. Keywords: experiments, decisions, forecasting, rational expectations, adaptive expectations, macroeconomics, inflation. Email Contact: marimon@datacomm.iue.it

Marley, A. A. J. (1991) “Context Dependent Probabilistic Choice Models Based on Measures of Binary Advantage,” Mathematical and Social Sciences, 21:3 (June), 201-231. Keywords: experiments, decisions, probabilistic choice, context dependent probabilistic choice, bounded rationality.

Marley, A. A. J. (1992) “A Selective Review of Recent Characterizations of Stochastic Choice Models Using Distribution and Functional Equation Techniques,” Mathematical Social Sciences, 23:1 (February), 5-29. Keywords: experiments, decisions, probabilistic choice, survey.

Marschak, Jacob (1950) “Rational Behavior, Uncertain Prospects, and Measurable Utility,” Econometrica, 18111-114. Keywords: experiments, decisions, rationality, lottery choice.

Marschak, Jacob (1950) “Errata,” Econometrica, 18312. Keywords: experiments, decisions.

Mason, Charles F., John A. List, Chad Settle, and Jason Shogren (1999) “Environmental Catastrophes and Non-Expected Utility Maximization: An Experimental Evaluation,” University of Wyoming, Discussion Paper, presented at the Spring 1999 Public Choice Meetings. Keywords: experiments, decisions, environmental economics, non-expected utility. Email Contact: bambuzlr@uwyo.edu

May, Kenneth O. (1954) “Intransitivity, Utility and the Aggregation of Preference Patterns,” Econometrica, 22:1 (January), 1-13. Keywords: experiments, decisions, intransitivity.

McDaniel, Tanga, and E. Elisabet Rutström (1998) “Decision Making Costs and Problem Solving Performance,” University of South Carolina, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, problem solving, bounded rationality, detrimental reward effects. Abstract: Subjects are asked to solve a Tower of Hanoi puzzle under varying financial incentives. No evidence of a detrimental reward effect is observed. Email Contact: lisar@darla.badm.sc.edu

McDaniels, T. L. (1992) “Reference Points, Loss Aversion, and Contingent Values for Auto Safety,” Journal of Risk and Uncertainty, 5:2 (May), 187-200. Keywords: experiments, decisions, elicitation, contingent valuation, auto safety.

McKee, Michael (1989) “Intra-experimental Income Effects and Risk Aversion,” Economic Letters, 30:2 (August), 109-115. Keywords: experiments, decisions, wealth effects, risk aversion, methodology. Email Contact: mckee@unm.edu

McKelvey, Richard D., and Talbot Page (1990) “Public and Private Information: An Experimental Study of Information Pooling,” Econometrica, 58:6 (November), 1321-1339. Keywords: experiments, decisions, information pooling, Bayes' rule, public information. Email Contact: rdm@hss.caltech.edu

Mellers, B., R. Weiss, and M. Birnbaum (1992) “Violations of Dominance in Pricing Judgements,” Journal of Risk and Uncertainty, 5:1 (February), 73-90. Keywords: experiments, decisions, valuation, dominance, biases.

Mera, Koichi (1969) “Experimental Determination of Relative Marginal Utilities,” Quarterly Journal of Economics, 83:3 (August), 464-477. Keywords: experiments, decisions, elicitation, marginal utility.

Miller, Louis, David Edward Meyer, and John T. Lanzetta (1969) “Choice Among Equal Expected Value Alternatives:
Sequential Effects of Winning Probability Level on Risk Preferences,” Journal of Experimental Psychology, 79419-425. Keywords: experiments, decisions, risk preference.

Millner, Edward L., Michael D. Pratt, and Robert J. Reilly (1988) “A Re-examination of Harrison's Experimental Test for Risk Aversion,” Economic Letters, 27:4 317-319. Keywords: experiments, decisions, risk aversion. Email Contact: emillne@vcu.edu

Millner, Edward L., and Michael D. Pratt (1990) “A Test of Risk Inducement: Is the Inducement of Risk Neutrality Neutral?,” Department of Economics, Virginia Commonwealth University, Discussion Paper. Keywords: experiments, decisions, binary lottery method, induced risk neutrality, risk preference. Email Contact: emillne@vcu.edu

Millner, Edward L., and Michael D. Pratt (1991) “Risk Aversion and Rent Seeking: An Extension and Some Experimental Evidence,” Public Choice, 69:1 81-92. Keywords: experiments, decisions, risk preference, risk aversion, risk aversion. Email Contact: emillne@vcu.edu

Milon, J. W. (1989) “Contingent Valuation Experiments for Strategic Behavior,” Journal of Environmental Economics and Management, 17:3 (November), 293-308. Keywords: experiments, decisions, elicitation, contingent valuation.

Mitchell, Robert Cameron, and Richard T. Carson (1989) Using Surveys to Value Public Goods: The Contingent Valuation Method, Washington, D.C.: Resources for the Future. Keywords: experiments, decisions, elicitation, contingent valuation, public goods.

Moon, Philip, Kevin Keasey, and Darren Duxbury (1999) “Mental Accounting and Decision Making,” Journal of Economic Behavior and Organization, 38:2 145-153. Keywords: experiments, decisions, mental accounting, biases.

Morgan, Peter B., and R. Don Tustin (1992) “The Perception and Efficiency of Labour Supply Choices by Pigeons,” Economic Journal, 102***. Keywords: experiments, decisions, labor supply, animal subjects, pigeons.

Morrison, G. C. (1997) “Resolving Differences in Willingness to Pay and Willingness to Accept: Comment,” American Economic Review, 87:1 (March), 236-240. Keywords: experiments, decisions, willingness to pay, WTP/WTA.

Morrison, G. C. (1998) “Understanding the Disparity between WTP and WTA: Endowment Effect, Substitutability, or Imprecise Preferences?,” Economics Letters, 59:2 (May), 189-194. Keywords: experiments, decisions, willingness to pay, WTP/WTA, endowment effects, bounded rationality.

Mosteller, Frederick, and Philip Nogee (1951) “An Experimental Measurement of Utility,” Journal of Political Economy, 59:5 (October), 371-404. Keywords: experiments, decisions, elicitation, utility.

Munier, Bertrand (1995) “Méthodes expérimentales d'évaluation des théories du risque. (Evaluating Risk Theories: Experimental Methods. With English Summary),” Revue Écon.*, 46:3 (May), 939-949. Keywords: experiments, decisions, lottery choice, non-expected utility. Email Contact: munier@grid1.enscachan.fr

Nanini, Paolo (1998) “A Behavioral Theory of Addiction,” Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, addiction. Email Contact: vanini@iew.unizh.ch

Neil, Helen, Ronald Cummings, Philip Ganderton, Glenn Harrison, and Thomas McGuckin (1994) “Hypothetical Surveys and Real Economic Commitments,” Land Economics, 70:2 . Keywords: experiments, decisions, elicitation, hypothetical bias, methodology.

Nelson, R. G., and D. A. Bessler (1989) “Subjective Probabilities and Scoring Rules: Experimental Evidence,” American Journal of Agricultural Economics, 71:2 (May), 363-369. Keywords: experiments, decisions, elicitation, scoring rules.

Newbery, D. (1974) “Experimental Approach to the Determination of the Demand for Public Goods: A Comment,” Journal of Public Economics, 3:4 (November), 425-429. Keywords: experiments, decisions, elicitation, public goods, hypothetical incentives.

Norman, Alfred, Ali Ahmen, Jackie Chou, Kenny Fortson, Jamie Kearns, and Hunter Lee (1998) “A Search Experiment Designed for Netscape Using Java Script,” University of Texas at Austin, Discussion Paper, presented at the Fall 1998 ESA Meetings. Keywords: experiments, decisions, search. Email Contact: norman@eco.utexas.edu

Norman, Alfred, Jackie Chou, Kenny Fortson, C. Kurz, Hunter Lee, L. Linden, K. Meythaler, Rebecca Rando, Kevin Sheppard, N. Tantzen, Ingrid White, and M. Ziegler (1998) “The Ordering Experiment II,” University of Texas at Austin, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, decisions, ordering tasks, binary rankings, algorithms, ordinal utility. Abstract: This experiment examines decision making of subjects who must rank pens in order of preference. Subjects do not use costly binary comparison algorithms, but rather seem to use intuitive procedures that are based on assignement of ordinal utilities to pens as they are examined. Email Contact: norman@eco.utexas.edu

Norman, Alfred, Ali Ahmen, Jackie Chou, Kenny Fortson, Hunter Lee, and Ingrid White (1999) “Ordering: New Results,” University of Texas at Austin, Discussion Paper, presented at the Summer 1999 ESA Meetings. Keywords: experiments, decisions, ordering tasks, decision algorithms, incentives, cognitive processes. Email Contact: norman@eco.utexas.edu

Noussair, Charles, and Mark A. Olson (1997) “A Dynamic Decision in a Laboratory Setting,” Southern Economic Journal, 63:4 (April), 978-992. Keywords: experiments, decisions, dynamic decisions. Email Contact: noussair@mgmt.purdue.edu

Nöth, Markus, and Martin Weber (1998) “Information Aggregation with Random Ordering: Cascades and Overconfidence,” University of Mannheim, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords:
experiments, decisions, information cascades with strong or weak private signals, Bayes' rule, overconfidence. Abstract: Subjects receive a noisy signal about whether the unknown state is A or B. The signal is informative, but the accuracy for a given signal is randomly determined to be high or low, which is also known to the subject. Participants make public predictions in a random order. Cascades are observed, but overconfidence reduces the incidence of reverse cascades. Email Contact: noeth@bank.BWL.uni-mannheim.de, weber@bank.bwl.uni-mannheim

Offerman, Theo, and Joep Sonnemans (1998) “What's Causing Overreaction? An Experimental Investigation of Recency and the Hot Hand Effect,” University of Amsterdam, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, recency bias, hot hand effect, scoring rule, elicitation. Abstract: The experiment is designed to distinguish between "recency bias" (overweighting recent information) and the "hot-hand effect" (searching for autocorrelations in the data). The observed overreactions are more consistent with the hot-hand effect. Email Contact: theoo@fee.uva.nl

Offerman, Theo (1998) “Hurting Hurts More than Helping Helps: The Role of the Self-Serving Bias,” University of Amsterdam, Discussion Paper. Keywords: experiments, decisions, self-serving bias. Email Contact: theoo@fee.uva.nl

Olshavsky, Richard W., and Bruce L. Jaffee (1981) “Responsiveness of Consumer Expectations and Intentions to Economic Forecasts: An Experimental Approach,” Review of Economics and Statistics, 63:2 (May), 298-302. Keywords: experiments, decisions, forecasts, expectations.

Ortona, G., and F. Scacciati (1992) “New Experiments on the Endowment Effect,” Journal of Economic Psychology, 13:2 (June), 277-296. Keywords: experiments, decisions, endowment effect, biases, psychology.

Ortona, G. (1994) “Examining Risk Preferences Under High Monetary Incentives: Comment,” American Economic Review, 84:4 (September), 1104. Keywords: experiments, decisions, risk preferences, incentives, high stakes.

Ortona, G. (1996) “Is Preference Reversal Really That Important for Economists?,” Economic Notes, 25:1 131-141. Keywords: experiments, decisions, preference reversals.

Ouwersloot, H., P. Nijkamp, and P. Rietveld (1998) “Errors in Probability Updating Behavior: Measurement and Impact Analysis,” Journal of Economic Psychology, 19:5 (October), 535-563. Keywords: experiments, decisions, Bayes' rule, probability judgement, errors.

Payne, John W., and Myron L. Braunstein (1971) “Preferences Among Gambles with Equal Underlying Distributions,” Journal of Experimental Psychology, 8713-18. Keywords: experiments, decisions, lottery choice.

Peterson, Steven P., and Robert J. Reilly (1991) “The Rationality of Expectations: The Blonqvist Experiment Reconsidered,” Journal of Economic Psychology, 12:3 (September), 527-533. Keywords: experiments, decisions, expectations, rational expectations.

Pingle, Mark (1992) “Costly Optimization: An Experiment,” Journal of Economic Behavior and Organization, 17:1 (January), 3-30. Keywords: experiments, decisions, optimization, bounded rationality. Email Contact: pingle@equinox.unr.edu

Pingle, Mark (1995) “Imitation versus Rationality: An Experimental Perspective on Decision Making,” Journal of Socio-Economics, 24:2 (Summer), 281-315. Keywords: experiments, decisions, imitation, bounded rationality. Email Contact: pingle@equinox.unr.edu

Pingle, Mark, and Richard H. Day (1996) “Modes of Economizing Behavior: Experimental Evidence,” Journal of Economic Behavior and Organization, 29:2 (March), 191-209. Keywords: experiments, decisions, bounded rationality. Email Contact: pingle@equinox.unr.edu

Piron, Robert, and L. R. Smith (1995) “Testing Risklove in an Experimental Racetrack,” Journal of Economic Behavior and Organization, 27:3 (August), 465-474. Keywords: experiments, decisions, risk preferences. Email Contact: robert.piron@oberlin.edu

Pommerehne, Werner W., Friedreich Schneider, and Peter Zweifel (1982) “Economic Theory of Choice and the Preference Reversal Phenomenon: A Reexamination,” American Economic Review, 72569-574. Keywords: experiments, decisions, lottery choice, preference reversals.

Potters, Jan*, and J. Wit (1999) “Bets and Bids: Favorite-Longshot Bias and Winner's Curse,” Tilburg University, Discussion Paper. Keywords: experiments, decisions, bets, bids, longshot bias, risk attitudes, winner's curse. Email Contact: j.j.m.potters@kub.nl

Powell, M., and D. Ansic (1997) “Gender Differences in Risk Behavior in Financial Decision-Making: An Experimental Analysis,” Journal of Economic Psychology, 18:6 (November), 605-628. Keywords: experiments, decisions, gender effects, subject pool effects.

Prasnikar, Vesna (1996) “Binary Lottery Payoffs: The Degree of Controlling Risk Aversion,” University of Pittsburgh, Discussion Paper. Keywords: experiments, decisions, binary lottery method, risk aversion.

Prelec, D. (1990) “A "Psuedo-Endowment" Effect, and Its Implications for Some Recent Nonexpected Utility Models,” Journal of Risk and Uncertainty, 3:3 (September), 247-259. Keywords: experiments, decisions, lottery choice, endowment effect, non-expected utility.

Prelec, D. (1998) “The Probability Weighting Function,” Econometrica, 66:3 (May), 497-527. Keywords: experiments, decisions, probability weighting, biases, psychology. Abstract: This paper provides an axiomatic derivation of some properties of probability weighting functions and proposes a flexible two-parameter functional form: w(p) = exp(-b(-ln(p))a ), which has the desired "S-shaped" curvature needed to explain the common ratio effect.

Pringle, Mark (1992) “Costly Optimization: An Experiment,” Journal of Economic Behavior and Organization, 17:1 3-30. Keywords: experiments, decisions, optimization.

Pringle, Mark, and Richard H. Day (1996) “Modes of Economizing Behavior: Experimental Evidence,” Journal of Economic Behavior and Organization, 29:2 191-209. Keywords: experiments, decisions.

Pringle, Mark, and Bentley MacLeod (1999) “Complexity, Bonuses, and Penalties: Their Effects on Decision-Making,” University of Nevada, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, incentives, penalties, bonuses, complexity.

Quattrone, George A., and Amos Tversky (1988) “Contrasting Rational and Psychological Analyses of Political Choice,” American Political Science Review, 82:3 (September), 720-736. Keywords: experiments, decisions, biases, prospect theory, voting, political science, psychology. Abstract: This paper uses the insights of prospect theory and cognitive psychology
to explain anomalies in voter and candidate behavior.

Quiggin, J. (1993) Generalized Expected Utility Theory: The Rank-Dependent Model, Dordrecht: Kluwer. Keywords: experiments, decisions, non-expected utility theory, rank-dependent expected utility.

Rachlin, Howard, Leonard Green, John H. Kagel, and Raymond C. Battalio (1976) “Economic Demand Theory and Psychological Studies of Choice,” in The Psychology of Learning and Motivation, edited by D. Bower, New York: Academic Press, ***. Keywords: experiments, decisions, demand theory, psychology. Email

Rachlin, Howard, Raymond C. Battalio, John H. Kagel, and Leonard Green (1981) “Maximization Theory in Behavioral Psychology,” The Behavior and Brain Sciences, 4(September), 371-417. Keywords: experiments, decisions, methodology, rational choice, psychology.

Radner, Roy (1996) “Bounded Rationality, Indeterminacy, and the Theory of the Firm,” Economic Journal, 106:438 (September), 1360-1373. Keywords: experiments, decisions, bounded rationality.

Randall, A., J. P. Hoehn, and D. S. Brookshire (1983) “Contingent Valuation Surveys for Evaluating Environmental Assets,” Natural Resources Journal, 23:3 (July), 635-648. Keywords: experiments, decisions, elicitation, contingent valuation.

Ranyard, R. (1995) “Reversals of Preference between Compound and Simple Risks: The Role of Editing Heuristics,” Journal of Risk and Uncertainty, 11:2 (September), 159-175. Keywords: experiments, decisions, preference reversals, lottery choice, editing.

Rapoport, Anatol (1969) “Optimal and Suboptimal Decisions in Perceptual Problem-Solving Tasks,” Behavioral Science, 14453-466. Keywords: experiments, decisions, bounded rationality.

Rapoport, Amnon, Rami Zwick, and S. G. Funk (1988) “Selection of Portfolios with Risky and Riskless Assets: Experimental Tests of Two Expected Utility Models,” Journal of Economic Psychology, 9:2 (June), ***-***. Keywords: experiments, decisions, portfolio choice, lottery choice, risk preferences. Email Contact: arapoport@bpa.arizona.edu

Rapoport, Amnon*, Darryl A. Seale, and David V. Budescu (1995) “Decision Making Under Strict Uncertainty: An Experimental Test of Competitive Criteria,” Organizational Behavior and Human Decision Processes, 6465-75. Keywords: experiments, decisions, uncertainty. Email Contact: arapoport@bpa.arizona.edu

Rapoport, Amnon (1997) “Sequential Decision Making with Relative Ranks: An Experimental Investigation of the `Secretary Problem',” Organizational Behavior and Human Decision Processes, 69221-236. Keywords: experiments, decisions, search, secretary problem, rank based preferences. Email Contact: arapoport@bpa.arizona.edu

Rauchs, A., and Marc Willinger (1996) “Expérimentations sur les choix séquentiels. Application à l'"effet irréversibilité." (Experiments on Sequential Decision-Making: The "Irreversibility Effect." With English Summary),” Revue Ècon,, 47:1 (January), 51-71. Keywords: experiments, decisions, sequential decisions, irreversibility effect, biases.

Reilly, Robert J. (1982) “Preference Reversal: Further Evidence and Some Suggested Modifications in Experimental Design,” American Economic Review, 72:3 (June), 576-584. Keywords: experiments, decisions, preference reversals. Email Contact: rreilly@busnet.bus.vcu.edu

Rietz, Thomas A. (1993) “Implementing and Testing Risk-Preference-Induction Mechanisms in Experimental Sealed-Bid Auctions,” Journal of Risk and Uncertainty, 7:2 (October), 199-213. Keywords: experiments, decisions, inducing risk preferences, risk aversion, binary lottery method. Email Contact: thomas-rietz@uiowa.edu

Rietz, Thomas A., Martin Daly, and Margo Wilson (1999) “Sensation and Risk Seeking: An Inter-Disciplinary Study Comparing Psychological, Simple Gamble and Market Measures,” University of Iowa, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, lottery choice, risk seeking, psychology. Email Contact: thomas-rietz@uiowa.edu

Roetheli, Tobias F. (1998) “Pattern Recognition and Procedurally Rational Expectations,” Journal of Economic Behavior and Organization, 35:4 517-533. Keywords: experiments, decisions, forecasting, rational expectations.

Roetheli, Tobias F. (1998) “Acquisition of Costly Information: Experimental Evidence,” University of Bern, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, information, information purchase, forecasting. Abstract: Subjects fail to purchase and use information optimally in a forecasting experiment. Many underestimate the value of information. Email Contact: tobias.roetheli@vwi.unibe.ch

Rosett, R. N. (1971) “Weak Experimental Verification of the Expected Utility Hypothesis,” The Review of Economic Studies, 38:4 (October), 481-492. Keywords: experiments, decisions, lottery choice, expected-utility.

Rousseas, Stephen W., and Albert G. Hart (1951) “Experimental Verification of a Composite Indifference Map,” Journal of Political Economy, 59:4 (August), 288-318. Keywords: experiments, decisions, elicitation, utility.

Royden, Halsey L., Patrick Suppes, and Karol Walsh (1959) “A Model for the Experimental Measurement of the Utility of Gambling,” Behavioral Science, 411-18. Keywords: experiments, decisions, utility, elicitation.

Rubinstein, Ariel (1988) “Similarity and Decision-Making under Risk (Is There a Utility Theory Resolution to the Allais Paradox)?,” Journal of Economic Theory, 46:1 (October), 145-153. Keywords: experiments, decisions, lottery choice, Allais paradox, similarity. Email Contact: ariel@phoenix.princeton.edu

Ruffle, Bradley J., and Orit Tykocinski (1998) “Unwrapping the Deadweight Loss of Gift Giving,” Ben-Gurion University, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, survey methods, welfare, gift giving, elicitation. Abstract: This paper uses laboratory methods to evaluate the survey questions used in previous studies of the welfare effects of gift giving. The opposite findings of previous studies are attributed to differences in the questions used to elicit gift valuations. Email Contact: bradley@bgumail.bgu.ac.il

Safra, Z., U. Segal, and A. Spivak (1990) “The Becker-DeGroot-Marschak Mechanism and Nonexpected Utility: A Testable Approach,” Journal of Risk and Uncertainty, 3:2 (June), 177-190. Keywords: experiments, decisions, elicitation, BDM procedure.

Safra, Z., U. Segal, and A. Spivak (1990) “Preference Reversal and Nonexpected Utility Behavior,” American Economic Review, 80:4 (September), 923-930. Keywords: experiments, decisions, preference reversals.

Samuelson, Paul A. (1977) “St. Petersburg Paradoxes: Defanged, Dissected, and Historically Described,” Journal of Economic Literature, 15:1 (March), 24-55. Keywords: experiments, decisions, St. Petersburg paradox.

Samuelson, William, and Richard Zeckhauser (1988) “Status Quo Bias in Decision Making,” Journal of Risk and Uncertainty, 1:1 (March), 7-59. Keywords: experiments, decisions, status quo bias.

Savage, Leonard J. (1971) “Elicitation of Personal Probabilities and Expectations,” Journal of the American Statistical Association, 66:336 (December), 783-801. Keywords: experiments, decisions, elicitation.

Savage, I. (1993) “An Empirical Investigation into the Effect of Psychological Perceptions on the Willingness-to-Pay to Reduce Risk,” Journal of Risk and Uncertainty, 6:1 (January), 75-90. Keywords: experiments, decisions, willingness to pay.

Schmalensee, Richard (1976) “An Experimental Study of Expectation Formation,” Econometrica, 44:1 (January), 17-41. Keywords: experiments, decisions, expectations.

Schoemaker, Paul J., and Howard C. Kunreuther (1979) “An Experimental Study of Insurance Decisions,” Journal of Risk and Insurance, 46:4 (December), 603-618. Keywords: experiments, decisions, insurance.

Schoemaker, Paul J. H. (1980) Experiments on Decisions under Risk: The Expected Utility Hypothesis, Boston; The Hague and London: Matinus Nijhoff. Keywords: experiments, decisions, lottery choice, expected utility.

Schoemaker, Paul J. H. (1991) “Choices Involving Uncertain Probabilities: Tests of Generalized Utility Models,” Journal of Economic Behavior and Organization, 16:3 (December), 295-317. Keywords: experiments, decisions, ambiguity, lottery choice, non-expected utility.

Schotter, Andrew, and Yale M. Braunstein (1981) “Economic Search: An Experimental Study,” Economic Inquiry, 19:1 (January), 1-25. Keywords: experiments, decisions, search. Email Contact: schotter@fasecon.econ.nyu.edu

Schram, Arthur, and Klarita Gërxhani (1999) “Tax Evasion in the (In)formal Sector: Preliminary Experiments,” University of Amsterdam, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, tax evasion. Email Contact: arthurs@fee.uva.nl

Schwartz, Hugh (1998) Rationality Gone Awry? Decision Making Inconsistent with Economic and Financial Theory, Westport, Conn.: Greenwood. Keywords: experiments, decisions, bounded rationality, finance, information. Abstract: This book contains some discussion of anomalies in economic experiments and the implications for finance.

Segal, Uzi (1987) “The Ellsberg Paradox and Risk Aversion: An Anticipated Utility Approach,” International Economic Review, 28:1 (February), 175-202. Keywords: experiments, decisions, Ellsberg paradox, risk aversion, anticipated utility.

Segal, Uzi (1988) “Does the Preference Reversal Phenomenon Necessarily Contradict the Independence Axiom?,” American Economic Review, 78:1 (March), 233-236. Keywords: experiments, decisions, preference reversals.

Seidle, Christian, and Stefan Traub (1998) “Testing Editing Phases,” University of Kiel, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, editing. Email Contact: cseidl@bwl.uni-kiel.de

Selten, Reinhard (1990) “Bounded Rationality,” Journal of Institutional and Theoretical Economics, 146:4 (December), 649-658. Keywords: experiments, decisions, game theory, markets, bounded rationality. Email Contact:
selten@lab.econ1.uni-bonn.de

Selten, Reinhard, Karim Sadreih, and Klaus Abbink (1995) “Money Does Not Induce Risk Neutral Behavior, but Binary Lotteries Do Even Worse,” University of Bonn, Discussion Paper. Keywords: experiments, decisions, binary lottery, risk aversion, methodology. Email Contact: selten@lab.econ1.uni-bonn.de

Selten, Reinhard (1998) “Axiomatic Characterization of the Quadratic Scoring Rule,” Experimental Economics, 1:1 43-62. Keywords: experiments, decisions, scoring rules, quadratic scoring rule, statistics. Email Contact: selten@lab.econ1.uni-bonn.de

Sherman, Roger (1967) “Individual Attitude Toward Risk and Choice Between Prisoner's Dilemma Games,” Journal of Psychology, 66291-298. Keywords: experiments, decisions, risk aversion, game theory, prisoner's dilemma, choice of game. Email Contact: rs5w@virginia.edu

Sherman, Roger (1974) “The Psychological Differences Between Ambiguity and Risk,” Quarterly Journal of Economics, 88:1 (February), 166-169. Keywords: experiments, decisions, psychology, ambiguity. Email Contact: rs5w@virginia.edu

Shimp, T. A., E. W. Stuart, and R. W. Engle (1991) “A Program of Classical Conditioning Experiments Testing Variations in the Conditioned Stimulus and Context,” Journal of Consumer Research, 18:1 (June), 1-12. Keywords: experiments, decisions**.

Shogren, Jason F. ****, S. Y. Shin, Dermot J. Hayes, and J. B. Kliebenstein (1994) “Resolving Differences in Willingness to Pay and Willingness to Accept,” American Economic Review, 84:1 (March), 255-270. Keywords: experiments, decisions, willingness to pay, willingness to accept. Email Contact: jramses@uwyo.edu

Shogren, Jason F., and Dermot J. Hayes (1997) “Resolving Differences in Willingness to Pay and Willingness to Accept: Reply,” American Economic Review, 87:1 (March), 241-244. Keywords: experiments, decisions, willingness to pay, WTP/WTA. Email Contact: jramses@uwyo.edu

Siebenmorgen, Niklas, Elke Weber, and Martin Weber (1999) “Risk Perception in the Short Run and in the Long Run,” University of Manheim, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, decisions, finance, risk perception, investments. Abstract: Participants were asked to evaluate the riskiness of a set of investment options under different information conditions. Evaluations were sensitive to whether or not information about the name of the investment option and its historical volatility data were provided. Email Contact: siebenmo@pool.uni-mannheim.de, weber@bank.bwl.uni-mannheim

Siegel, Sidney, and D. A. Goldstein (1959) “Decision-making Behavior in a Two-Choice Uncertain Outcome Situation,” Journal of Experimental Psychology, 5737-42. Keywords: experiments, decisions, probability matching.

Siegel, Sidney (1961) “Decision Making and Learning Under Varying Conditions of Reinforcement,” Annals of the New York Academy of Sciences, 89:5 766-783. Keywords: experiments, decisions, incentives.

Siegel, Sidney, Alberta Siegel, and Julia Andrews (1964) Choice, Strategy, and Utility, New York: McGraw-Hill. Keywords: experiments, decisions, probability matching.

Sillamaa, M. A. (1999) “How Work Effort Responds to Wage Taxation: A Non-Linear Versus a Linear Tax Experiment,” Journal of Economic Behavior and Organization, 39:2 219-233. Keywords: experiments, decisions, taxation.

Simon, Herbert A. (1959) “Theories of Decision-Making in Economics and Behavioral Science,” American Economic Review, 49253-283. Keywords: experiments, decisions, psychology.

Simon, Herbert A. (1991) Models of My Life, New York: Harper Collins, Basic Books. Keywords: experiments, decisions, bounded rationality.

Simon, Herbert A. (1993) “Altruism and Economics,” American Economic Review, 83:2 (May), 156-161. Keywords: experiments, decisions, bounded rationality, altruism.

Singh, H. (1991) “An Alternative Proxy for Expectations: Some Experimental Evidence,” Journal of Economic Psychology, 12:1 (March), 185-196. Keywords: experiments, decisions, expectations.

Sippel, R. (1997) “An Experiment on the Pure Theory of Consumer's Behavior,” Economic Journal, 107:444 (September), 1431-1444. Keywords: experiments, decisions, consumer behavior.

Slonim, Robert (1994) “Learning in a Search-for-the-Best-Alternative Experiment,” Journal of Economic Behavior and Organization, 25:2 (October), 141-165. Keywords: experiments, decisions, search, learning. Email Contact: rls18@guinness.som.cwru.edu

Slonim, Robert L. (1999) “Learning Rules of Thumb or Learning More Rational Rules,” Journal of Economic Behavior and Organization, 38:2 (February), 217-236. Keywords: experiments, decisions, learning, rules of thumb. Email Contact: rls18@guinness.som.cwru.edu

Slovic, Paul, and Sarah Lichtenstein (1968) “The Relative Importance of Probabilities and Payoffs in Risk Taking,” Journal of Experimental Psychology, 78:3, pt. 2 1-18**. Keywords: experiments, decisions, preference reversals.

Slovic, Paul (1969) “Manipulating the Attractiveness of a Gamble without Changing Its Expected Value,” Journal of
Experimental Psychology, 79139-145. Keywords: experiments, decisions, lottery choice.

Slovic, Paul (1975) “Choice Between Equally Valued Alternatives,” Journal of Experimental Psychology: Human Perception and Performance, 1280-287. Keywords: experiments, decisions, probabilistic choice*.

Slovic, Paul, and Sarah Lichtenstein (1983) “Preference Reversals: A Broader Perspective,” American Economic Review, 73:4 (September), 565-605**. Keywords: experiments, decisions, preference reversals.

Smith, Cedric A. B. (1961) “Consistency in Statistical Inference and Decision,” Journal of the Royal Statistical Society, Series B, 23:1 1-25. Keywords: experiments, decisions, elicitation. Email Contact: vls@econlab.arizona.edu

Sonnemans, Joep (1998) “Strategies of Search,” Journal of Economic Behavior and Organization, 35:3 309-332. Keywords: experiments, decisions, search, risk aversion, learning. Email Contact: joeps@fee.uva.edu

Sonnemans, Joep, Cars Hommes, and Henk van de Velden (1999) “Expectation Formation: Group Experiments,” University of Amsterdam, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, expectations, cobweb model, price dependent on group expectations, rational expectations. Email Contact: joeps@fee.uva.edu

Sonnemans, Joep (1999) “Decisions and Strategies in a Sequential Search Experiment,” Journal of Economic Psychology, forthcoming. Keywords: experiments, decisions, search, strategy method. Email Contact: joeps@fee.uva.edu

Sonsino, Doron, Ido Erev, and Sharon Gilat (1999) “On Rationality, Learning and Zero-Sum Betting -- An Experimental Study of the No-Betting Conjecture,” Technion, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, betting, rationality, no-betting conjecture. Email Contact: sonsino@ie.technion.ac.il

Sonsino, Doron (1999) “The Negative Complexity Effect in Choice with Uncertainty -- Experimental Evidence,” Technion, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, decisions, lottery choice, complexity. Email Contact: sonsino@ie.technion.ac.il

Sovik, Ylva (1999) “Impossible Bets: An Experimental Study,” University of Oslo, Discussion Paper, presented at the Summer 1999 ESA Meetings. Keywords: experiments, decisions, rationality, betting. Email Contact: ylva.sovik@econ.uio.no

Spallone, Marco (1999) “Testing an `Optimal Bankruptcy Rule': Some Preliminary Results of an Experiment,” New York University, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, decisions, bankruptcy law, law and economics. Email Contact: ms258@is7.nyu.edu

Spraggon, John (1998) “Exogenous Targeting Instruments with Heterogeneous Agents,” McMaster University, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, contracts, errors, heterogeneity. Abstract: A forcing contract is one that cuts off a person's payoff if they do not meet a specified standard. The experiment compares the effects of forcing contracts and non-forcing contracts when agents are heterogeneous. Email Contact: spraggjm@mcmaster.ca

Spraggon, John (1999) “Individual Decision Making in Exogenous Targeting Instrument Experiments,” McMaster University, Discussion Paper, presented at the Spring 1999 Public Choice Meeting. Keywords: experiments, decisions. Email Contact: spraggjm@mcmaster.ca

Stanley, T. D. (1994) “Silly Bubbles and the Insensitivity of Rationality Testing: An Experimental Illustration,” Journal of Economic Psychology, 15:4 (December), 601-620. Keywords: experiments, decisions**, bubbles, bounded rationality.

Starbuck, W. H., and F. M. Bass (1967) “An Experimental Study of Risk-Taking and the Value of Information in a New Product Context,” Journal of Business, 40155-165. Keywords: experiments, decisions, uncertainty.

Starmer, Chris, and Robert Sugden (1989) “Probability and Juxtaposition Effects: An Experimental Investigation of the Common Ratio Effect,” Journal of Risk and Uncertainty, 2:2 (June), 159-178. Keywords: experiments, decisions, lottery choice, juxtaposition effects. Email Contact: c.starmer@uea.ac.uk

Starmer, Chris, and Robert Sugden (1989) “Violations of the Independence Axiom in Common Ratio Problems: An Experimental Test of Some Competing Hypotheses,” Annals of Operations Research, 1979-102. Keywords: experiments, decisions, lottery choice, independence axiom, Allais paradox. Email Contact: c.starmer@uea.ac.uk

Starmer, Chris, and Robert Sugden (1991) “Does the Random-Lottery Incentive System Elicit True Preferences? An Experimental Investigation,” American Economic Review, 81:4 (September), 971-978. Keywords: experiments, decisions, random-lottery payment method, incentives, lottery choice, Allais paradox. Email Contact: c.starmer@uea.ac.uk

Starmer, Chris (1992) “Testing New Theories of Choice under Uncertainty Using the Common Consequence Effect,” Review of Economic Study, 59:4 (October), 813-830. Keywords: experiments, decisions, lottery choice, common consequence effect, non-expected utility. Email Contact: c.starmer@uea.ac.uk

Starmer, Chris, and Robert Sugden (1993) “Testing for Juxtaposition and Event-Splitting Effects,” Journal of Risk and Uncertainty, 6:3 (June), 235-254. Keywords: experiments, decisions, lottery choice, juxtaposition effects. Email Contact: c.starmer@uea.ac.uk

Sugden, Robert (1986) The Economics of Rights, Co-operation and Welfare, Oxford and New York: Blackwell. Keywords: experiments, decisions, evolution. Email Contact: r.sugden@uea.ac.uk

Sugden, Robert (1991) “Rational Choice: A Survey of Contributions from Economics and Philosophy,” Economic Journal, 101:407 (July), 751-785. Keywords: experiments, decisions, rational choice, philosophy. Email Contact: r.sugden@uea.ac.uk

Sugden, Robert (1995) “A Theory of Focal Points,” Economic Journal, 105:430 (May), 533-550. Keywords: experiments, decisions, focal points. Email Contact: r.sugden@uea.ac.uk

Sugden, Robert (1995) “The Coexistence of Conventions,” Journal of Economic Behavior and Organization, 28:2 (October), 241-256. Keywords: experiments, decisions**. Email Contact: r.sugden@uea.ac.uk

Sugden, Robert (1998) “Alternatives to Expected Utility Theory,” in Handbook of Utility Theory, edited by P.J. Hammond and C. Seidl, Norwell, Mass.: Kluwer, forthcoming. Keywords: experiments, decisions, lottery choice, non-expected utility theory. Email Contact: r.sugden@uea.ac.uk

Sullivan, J. L., J. E. Piereson, and G. E. Marcus (1978) “Ideological Constraint in the Mass Public: A Methodological Critique and Some New Findings,” American Journal of Political Science, 22233-249. Keywords: experiments, decisions, surveys, wording of questions, presentation effects, methodology. Abstract: This is a classic experimental study motivated by an apparent increase in ideological orientation of public opinion in the mid sixties. The experiment demonstrated that changed responses to survey questions was due to changes in the wording of the questions.

Svenson, O., and L. J. Benthorn (1992) “Consolidation Processes in Decision Making: Post-decision Changes in Attractiveness of Alternatives,” Journal of Economic Psychology, 13:2 (June), 315-327. Keywords: experiments, decisions, psychology.

Swallow, S. K. (1994) “Value Elicitation in Laboratory Markets: Discussion and Applicability to Contingent Valuation,” American Journal of Agricultural Economics, 76:5 (December), 1096-1100. Keywords: experiments, decisions, elicitation, contingent valuation.

Taylor, Laura (1998) “Incentive Compatible Referenda and the Valuation of Environmental Goods,” Agricultural and Resource Economics Review, 27:2 132-139. Keywords: experiments, decisions, elicitation, referenda, environmental goods, contingent valuation. Email Contact: prclot@langate.gsu.edu

Thaler, Richard H. (1987) “The Psychology of Choice and the Assumptions of Economics,” in Laboratory Experimentation in Economics: Six Points of View, edited by A. E.. Roth, Cambridge: Cambridge University Press, 99-130. Keywords: experiments, decisions, psychology, methodology, lotteries, sunk costs, marginal analysis, invariance, dominance, opportunity costs, rational expectations, Bayes' rule, learning, incentives, bounded rationality. Email Contact: richard.thaler@gsbsun.uchicago.edu

Thaler, R. H., and W. T. Ziemba (1988) “Anomalies: Paramutuel** Betting Markets: Racetracks and Lotteries,” Journal of Economic Perspectives, 2160-174. Keywords: experiments, decisions, lotteries, betting, anomalies, paramutuel betting. Email Contact: richard.thaler@gsbsun.uchicago.edu

Thaler, Richard H. (1990) “Saving, Fungibility, and Mental Accounts,” Journal of Economic Perspectives, 4:1 (Winter), 193-205. Keywords: experiments, decisions, mental accounts, biases, saving. Email Contact: richard.thaler@gsbsun.uchicago.edu

Thaler, Richard H., and Eric J. Johnson (1990) “Gambling with the House Money and Trying to Break Even,” Management Science, 36(June), 643-660. Keywords: experiments, decisions, gambling, house money. Email Contact: richard.thaler@gsbsun.uchicago.edu

Thaler, Richard H. (1991) Quasi Rational Economics, New York: Russell Sage Foundation. Keywords: experiments, decisions, bounded rationality, biases. Email Contact: richard.thaler@gsbsun.uchicago.edu

Thaler, Richard H. (1992) The Winners Curse, New York: Free Press. Keywords: experiments, decisions, bargaining, auctions, bounded rationality, biases. Email Contact: richard.thaler@gsbsun.uchicago.edu

Thaler, Richard H. (1994) “Psychology and Savings Policies,” American Economic Review, 84:2 (May), 186-192. Keywords: experiments, decisions, saving, psychology, mental accounts. Email Contact: richard.thaler@gsbsun.uchicago.edu

Thurstone, L. (1931) “The Indifference Function,” Journal of Social Psychology, 139-167. Keywords: experiments, decisions.

Tietz, Reinhard (1990) “On Bounded Rationality: Experimental Work at the University of Frankfurt/Main,” Journal of Institutional and Theoretical Economics, 146:4 (December), 659-672. Keywords: experiments, decisions, bounded rationality. Email Contact: tietz@wiwi.uni-frankfurt.de

Toda, Masanao, and Kenneth R. MacCrimmon (1972) “The Efficient Determination of True Preference Equivalences,” in Contributions to Experimental Economics, Vol. 3, edited by Heinz Sauermann, Tubingen: J. C. B. Mohr, 560-584. Keywords: experiments, decisions, elicitation. Email

Traub, Stefan (1998) “Framing and Judgements of Fairness in Taxation,” University of Kiel, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, framing effects, fairness, taxation, loss aversion. Abstract: The issue is the effect of loss aversion on perceptions of fairness in taxation. A sample of German workers were asked to assess tax schedules for families with and without children. The results depended on whether the deductions for larger families were presented as gains from the present system or as losses from the alternative system. Email Contact: traub@bwl.unikiel.de

Tversky, Amos (1967) “Utility Theory and Additivity Analysis of Risky Choices,” Journal of Experimental Psychology, 7527-36. Keywords: experiments, decisions, lottery choice.

Tversky, Amos, and Daniel Kahneman (1974) “Judgment Under Uncertainty: Heuristics and Biases,” Science, 1851124-1131. Keywords: experiments, decisions, biases, heuristics.

Tversky, Amos, and Daniel Kahneman (1981) “The Framing of Decisions and the Psychology of Choice,” Science, 211(January), 453-458. Keywords: experiments, decisions, framing effects.

Tversky, Amos, and Daniel Kahneman (1986) “Rational Choice and the Framing of Decisions,” Journal of Business, 59:4 (Part 2, October), S251-278. Keywords: experiments, decisions, framing effects, biases.

Tversky, Amos, and Richard H. Thaler (1990) “Anomalies: Preference Reversals,” Journal of Economic Perspectives, 4:2 (Spring), 201-211. Keywords: experiments, decisions, preference reversal.

Tversky, Amos, Paul Slovak, and Daniel Kahneman (1990) “The Causes of Preference Reversals,” American Economic Review, 80:1 (March), 204-217. Keywords: experiments, decisions, preference reversal. Email Contact: kahneman@wws.princeton.edu

Tversky, Amos, and Daniel Kahneman (1991) “Loss Aversion in Riskless Choice: A Reference-Dependent Model,” Quarterly Journal of Economics, 106:4 (November), 1039-1061. Keywords: experiments, decisions, loss aversion.

Tversky, Amos, and Daniel Kahneman (1992) “Advances in Prospect Theory: Cumulative Representation of Uncertainty,” Journal of Risk and Uncertainty, 5:4 (October), 297-323. Keywords: experiments, decisions, prospect theory.

Unnevehr, Laurian J., and Anne P. Villamil (1999) “Long-term Investment in Health: Consumer Information and Functional Foods,” University of Illinois, Discussion Paper. Keywords: experiments, decisions, elicitation, health. Abstract: A Vickrey auction is used to elicit willingness to pay of foods with differing health benefits, and senior citizens are more willing to pay for a cookie with a soy additive that lowers cholestrol. Email Contact: avillamil@2.uiuc.edu

Unser, Matthias (1998) “Lower Partial Moments as Measures of Perceived Risk - An Experimental Study,” University of Bamberg, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, decisions, risk, lottery choice. Email Contact: matthias.unser@sowi.uni-bamberg.de

Verstegen, J., Joep Sonnemans, Ruud B. M. Huirne, Aalt A. Dijkhuizen, and James C. Cox (1998) “Quantifying the Effects of Sow-Herd Management Information Systems on Farmers' Decision Making Using Experimental Economics,” American Journal of Agricultural Economics, 80(November), 821-829. Keywords: experiments, decisions, agricultural economics, information. Email Contact: jcox@bpa.arizona.edu

Vriend, Nick (1997) “Will Reasoning Improve Learning?,” Economics Letters, 559-18. Keywords: experiments, decisions, learning, reasoning, introspection. Email Contact: n.vriend@qmw.ac.uk

Wakker, Peter P., Ido Erev, and E. Weber (1994) “Co-monotonic* Independence: The Critical Test Between Classical and Rank-Dependent Utility Theories,” Journal of Risk and Uncertainty, 9195-230. Keywords: experiments, decisions, rank-dependent utility, lottery choice. Email Contact: wakker@mdm.medfac.leidenuniv.nl

Wallis, W. Allen, and Milton Friedman (1942) “The Empirical Derivation of Indifference Functions,” in Studies in Mathematical Economics and Econometrics in Memory of Henry Schultz, edited by O. Lange, F. McIntyre and T. Yntema, Chicago: University of Chicago Press, . Keywords: experiments, decisions, elicitation, indifference curves. Email

Weiss, J. A. (1982) “Coping with Complexity: An Experimental Study of Public Policy Decision Making,” Journal of Policy Analysis and Management, 2:1 (Fall), 66-87. Keywords: experiments, decisions, policy, complexity.

Wilcox, Nathaniel T. (1993) “On a Lottery Pricing Anomaly: Time Tells the Tale,” Journal of Risk and Uncertainty, 7:3 (December), 311-324. Keywords: experiments, decisions, elicitation, decision time. Email Contact: econd1@uhupvm1.uh.edu

Wilcox, Nathaniel T. (1993) “Lottery Choice: Incentives, Complexity and Decision Time,” Economic Journal, 103:421 (November), 1397-1417. Keywords: experiments, decisions, lottery choice, incentives, decision time, complexity. Email Contact: econd1@uhupvm1.uh.edu

Williams, Arlington W. (1987) “The Formation of Price Forecasts in Experimental Markets,” Journal of Money, Credit, and Banking, 19:1 (February), 1-18. Keywords: experiments, decisions, markets, forecasts. Email Contact: williama@indiana.edu

Willinger, Marc (1996) “Context Dependant Preferences: An Experimental Investigation,” Revue Economique, 47:3 (May), 577-587. Keywords: experiments, decisions, lottery choice, context dependence. Email Contact: willma@cournot.u-strasbg.fr

Wu, George, and R. Gonzalez (1996) “Curvature of the Probability Weighting Function,” Management Science, 421676-1690. Keywords: experiments, decisions, non-expected utility, probability weighting.

Wu, George, and R. Gonzalez (1999) “Nonlinear Decision Weights in Choice Under Uncertainty,” Management Science, 4574-85. Keywords: experiments, decisions, non-expected utility, probability weighting.

Zeelenberg, M., and E. Van Dijk (1997) “A Reverse Sunk Cost Effect in Risky Decision Making: Sometimes We Have Too Much Invested to Gamble,” Journal of Economic Psychology, 18:6 (November), 677-691. Keywords: experiments, decisions, lottery choice, reverse sunk cost effect, sunk costs.