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In this part of the study you will make decisions over 10 different lotteries. In each lottery question, you will be asked to choose between two options.
In each of the lottery questions, one choice will be a fixed amount and the other will involve some uncertainty. The uncertainty can be described in the following way. The computer flips a virtual coin that lands either on heads or tails, each with an equal 50% chance. The outcome of the virtual coin flip determines your payment if you chose the uncertain option.
Payment: If this part is randomly selected to count for payment in this study, only one of the 10 lottery questions will be chosen to count for payment. Your payment would be determined in the following way:
Option 1 | Option 2 | {{ for field in form }}
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You are randomly matched to play a game against one of the participants in this study. In the game, each of you requests a number of points (an integer) between 11 and 20 points. Each participant will receive the amount he/she requests. A participant will receive an additional 20 points if he/she asks for exactly one point less than the other player. You can exchange points for money with the rate of 1 point = 10 cents (for example, 10 points are worth $1.00, 15 points are worth $1.50, 20 points are worth $2.00, etc.).
How many points do you request? | {{ formfield "points_requested" label="" }} |
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Thank you for completing our experiment. We appreciate your time and participation. You will receive your payment information after your group members complete their part. Please email rok59@pitt.edu if you have any questions about your payoffs.
Click here to complete the study.
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