Laboratory On Choice Under Risk

At the end of the course the students are expected to have acquired the basic tools necessary to:
· Understand the theoretical foundations of decision-making models under risk.
· Critically assess empirical evidence on the measurement of risk preferences.
· Engage with current theoretical developments that refine the notion of risk preferences.

At the end of the course the students should be able to:
· Compare the predictions of classical and behavioral models of risk.
· Design and critically evaluate experiments on individual decision-making under risk.
· Understand the recent debate on the nature of risk preferences and whether they play a genuine role.