... in probability and in outcomes. It also analyzes whether decisions under ambiguity vary when individuals make decisions alone and when they make it in groups. Risk Outcome ambiguity Probability ambiguity Group decision-making Boundary effects Experiment C92 D81 D91 G40 Divya Aggarwal...

...Oscar Stålnacke Purpose The purpose of this paper is to investigate the relationship between individual investors’ level of sophistication and their expectations of risk and return in the stock market. Design/methodology/approach The author combines survey and registry data on individual...

...Jörgen Hellström; Rickard Olsson; Oscar Stålnacke Purpose The purpose of this paper is to measure individual investors’ expectations of risk and return and to evaluate different expectation measures. Design/methodology/approach The authors measure individual investors’ expectations of risk...