Peer-reviewed Papers

Below you will find an overview of the recent research papers written by the members of iRisk and published in international peer-reviewed journals.

Tremewan J., Baranski A., Kovaliukaite A. and Geraldes D. (2023)
“An Experiment on Gender Representation in Majoritarian Bargaining”
Management Science (online)

Eddai N. and Guerdjikova A. (2023)
“To mitigate or to adapt: how to deal with optimism, pessimism and strategic ambiguity”
Journal of Economic Behavior & Organization

Lecouteux, G. and I. Mitrouchev (2023)
“The view from manywhere: normative economics with context-dependent preferences”
Economics & Philosophy, pp. 1-23

Mitrouchev, I. and V. Buonomo (2023).
“Identity, ethics and behavioural welfare economics”
Economics & Philosophy, pp. 1-27

Ilke Aydogan, Loïc Berger, Valentina Bosetti & Ning Liu  (2023).
“Three Layers of Uncertainty“

Journal of the European Economic Association, forthcoming



Journal of the European Economic Association, Volume 22, Issue 1, February 2024, Pages 310–354

Matthew Osborne, Fiona Lambe, Ylva Ran, Naira Dehmel, Giovanni Alberto Tabacco, Joshua Balungira, Borja Pérez-Viana, Erik Widmark, Stefan Holmlid & Arjan Verschoor (2022).
“Designing development interventions: The application of service design and discrete choice experiments in complex settings”

World Development, Volume 158, October 2022, 105998

Loïc Berger (2022).
“What is Partial Ambiguity?”

Economics & Philosophy, 38(2), pp. 206-220

Anne Ardila Brenøe & Thomas Epper (2022).
Parenting values and the intergenerational transmission of time preference”,

European Economics Review, Volume 148, September 2022, 104208

Thomas Epper, Ernst Fehr, Kristoffer Balle Hvidberg, Claus Thustrup Kreiner, Søren Leth-Petersen and Gregers Nytoft Rasmussen (2022).
“Preferences Predict Who Commits Crime Among Young Men”,

Proceedings of the National Academy of Sciences (PNAS), 119(6), pp. 1-7

David Crainich & Mario Menegatti (2021).
“Self-protection with random costs”,

Insurance: Mathematics and Economics, 98, pp. 63-37

Uyanga Turmunkh, Susanne Neckermann, Dennie van Dolder & Tong V. Wang (2021).
“Nudging Student Participation in Online Evaluations of Teaching: Evidence from a Field Experiment”,

European Economics Review, 141(104001)

Ilke Aydogan (2021).
“Risk, ambiguity, and the value of diversification”,
Management Science, 67(11), pp. 6934-6945

Loïc Berger, Nicolas Berger, Valentina Bosetti, Itzhak Gilboa, Lars Peter Hansen, Christopher Jarvis, Massimo Marinacci & Richard D. Smith (2021).
Rational policymaking during a pandemic“,

Proceedings of the National Academy of Sciences of the United States of America,


Uyanga Turmunkh, Chen Li & Peter Wakker (2020).
“Social and strategic ambiguity versus betrayal aversion”

Games and Economic Behavior, 123(123), pp. 272-287


Berger, Loïc & Valentina Bosetti (2020).
Are policymakers ambiguity averse?
The Economic Journal, vol. 130, pp. 331-355


Wanda Mimra, Janina Nemitz & Christan Waibel (2020).
Voluntary Pooling of Genetic Risk: A Health Insurance Experiment“,
Journal of Economic Behavior & Organization, vol. 180(1), pp. 864-882



Loïc Berger & Johannes Emmerling (2020).
Welfare as equity equivalents“,
Journal of Economic Surveys, 34 (4), 727-752



Loïc Berger, Thierry Bréchet, Julien Pestiaux & Vincent van Steenberghe (2020).
The transition of Belgium towards a low carbon society: A macroeconomic analysis fed by a participative approach“,
Energy Strategy Reviews, Volume 29, May 2020, 100463



Loïc Berger & Valentina Bosetti (2020).
Characterizing ambiguity attitudes using model uncertainty“,
Journal of Economic Behavior and Organization, 180(1), pp. 621-637



Bleichrodt H., Crainich D., Eeckhoudt L., Treich N. (2020).
Risk aversion and the value of diagnostic tests“,
Theory and Decision, (89), pp. 137-149


Loïc Berger & Massimo Marinacci (2020).
Model uncertainty in climate change economics: A review and proposed framework for future research“,
Environmental and Resource Economics, 77(3), pp. 475-501


Loïc Berger & Louis Eeckhoudt (2020).
Risk, ambiguity, and the value of diversification“,
Management Science, vol. 67, No. 3, pp. 1639-1647

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Jessica Jewell, Johannes Emmerling, Vadim Vinichenko, Christoph Bertram, Loïc Berger, Hannah E. Daly, Ilkka Keppo, Volker Krey, David E. H. J. Gernaat, Kostas Fragkiadakis, David McCollum, Leonidas Paroussas, Keywan Riahi, Massimo Tavoni & Detlef van Vuuren (2020).
Reply to: Why fossil fuel producer subsidies matter
Nature, vol. 578, pp. E5–E7



Uyanga Turmunkh, Martijn J. van den Assem & Dennie van Dolder (2019).
Malleable Lies: Communication and Cooperation in a High Stakes TV Game Show
Management Science, vol. 65(10), pp. 4795 – 4812



Chen Li, Uyanga Turmunkh & Peter Wakker (2019).
Trust as a Decision under Ambiguity
Experimental Economics, vol. 22, pp. 51 – 75



Wanda Mimra & Achim Wambach (2019).
Contract withdrawals and equilibrium in competitive markets with adverse selection
Economic Theory, vol. 67, pp. 875–907



Jessica Jewell, David McCollum, Johannes Emmerling, Christoph Bertram, David E. H. J. Gernaat, Volker Krey, Leonidas Paroussos, Loïc Berger, Kostas Fragkiadakis, Ilkka Keppo, Nawfal Saadi, Massimo Tavoni, Detlef van Vuuren, Vadim Vinichenko & Keywan Riahi (2018).
Limited emission reductions from fuel subsidy removal except in energy-exporting regions“,
, vol. 554, pp. 229-233



David Crainich (2017).
Self-insurance with genetic testing tools“,
Journal of Risk and Insurance, vol. 84 (1), pp. 79-94



Loïc Berger, Johannes Emmerling & Massimo Tavoni (2017).
Managing catastrophic climate risks under model uncertainty aversion
Management Science, vol. 63 (3), pp. 749-765



David Crainich & Louis Eeckhoudt (2017).
Average Willingness to Pay for Disease Prevention with Personalized Health Information
Journal of Risk and Uncertainty, vol. 55 (1), pp. 29–39



Valentina Bosetti, Elke Weber, Loïc Berger, David Budescu, Ning Liu & Massimo Tavoni (2017).
COP21 Climate Negotiators’ Responses to Climate Model Forecasts“,
Nature Climate Change, vol. 7, pp. 185-189



Thomas Epper & Helga Fehr-Duda (2015).
Risk Preferences Are Not Time Preferences: Balancing on a Budget Line: Comment“,
American Economic Review, 105(7), pp.2261-2271



David Crainich, Louis Eeckhoudt & Alain Trannoy (2013).
Even (mixed) risk lovers are prudent“,
American Economic Review, vol. 103 (4), pp.1529-1535


Thomas Epper & Helga Fehr-Duda (2012).
Probability and Risk: Foundations and Economic Implications of Probability-Dependent Risk Preferences“,
Annual Review of Economics, 4, pp.567-593

Thomas Epper, Helga Fehr-Duda & Adrian Bruhin (2011).
Viewing the Future through a Warped Lens: Why Uncertainty Generates Hyperbolic Discounting“,
Journal of Risk and Uncertainty, 43(3), pp.169-203

Helga Fehr-Duda, Thomas Epper, Adrian Bruhin & Renate Schubert (2011).
Risk and Rationality: The Effect of Mood and Decision Rules on Probability Weighting“,
Journal of Economic Behavior and Organization, 78(1-2), pp.14-21

Adrian Bruhin, Helga Fehr-Duda & Thomas Epper (2010).

Helga Fehr-Duda, Adrian Bruhin, Thomas Epper & Renate Schubert (2010).
Rationality on the Rise; Why Relative Risk Aversion Increases with Stake Size“,
Journal of Risk and Uncertainty, 40(2), pp.147-180