Research And Result Comparisons Between China And Abroad On Risk Decision-making In Experimental Economics

People face kinds of risks in economical and political activities. Generally speaking, the whole process of international trade is complexity and lengthy, so exists many risks , for instance there are credit risk, foreign exchange risk, transportation risk, bid risk, making risk, politics risk and so on. Decision-maker need a theory as the instruction when they face these risks.The basic of traditional international economics in deal with risk is rationality. The best famous theory model of risk decision-making is expected utility theory. Along with research , more and more factual examples indicate the this theory was only the decision-making process which economist considered, but not always denote the factual decision-making process of the generic people. It means the factual decision-making process is not always according to the rationality, actually appears many non-rationality. Illuminate that expected utility theory can not explain the factual decision-making process well, it exist largish error. Consequently, that finite to explain the fact of international trade and can not supply the instruction.This article attempts to use experimental economics as a new tool to develop the experiment in China, which use the credit hour as the prompting way and use Chinese undergraduate as testee. Repeat the Allais experiment which about the individual risk decision-making, base on the experiment to design four set of new experiments, proof-test the Allais Paradox by analyzing the experimental dates. Analyze the reason why appears similarities and differences result of experiments by comparing the results of China and foreign countries. Then expatiate the character of Chinese people make decision when they face risks. Discuss the application prospect of experiment economics and this result in international trade. Supply a gap for the development and application of experimental economics in China.