Please, for each of the following rows, each containing a pair of alternative hypothetical lotteries, choose the lottery that you prefer between option A and option B. Lottery A will give you either £200 or £160 with some probabilities which change gradually in each row. Lottery B will give you either £385 or £10, again with some probabilities that change gradually in each row.
For instance, in row 1, lottery A gives you £200 with probability 10% and £160 with probability 90%, while lottery B gives you £385 with probability 10% and £10 with probability 90%. Please make your choice for each row/pair by selecting either A or B. Remember there are no right or wrong answers. It is your personal choices we are interested in.
To determine payment, we will randomly select 1 out of every 200 participants for this task. If you are selected, one of the decision problems (rows) you completed will then be randomly chosen, and you will be paid according to the lottery you selected for that row.
| ID | Lottery A | Lottery B | Your Choice | ||||||
|---|---|---|---|---|---|---|---|---|---|
| P | £ | P | £ | P | £ | P | £ | ||
| 1 | 10% | 200 | 90% | 160 | 10% | 385 | 90% | 10 | {{ formfield player.risk_1 label="" }} |
| 2 | 20% | 200 | 80% | 160 | 20% | 385 | 80% | 10 | {{ formfield player.risk_2 label="" }} |
| 3 | 30% | 200 | 70% | 160 | 30% | 385 | 70% | 10 | {{ formfield player.risk_3 label="" }} |
| 4 | 40% | 200 | 60% | 160 | 40% | 385 | 60% | 10 | {{ formfield player.risk_4 label="" }} |
| 5 | 50% | 200 | 50% | 160 | 50% | 385 | 50% | 10 | {{ formfield player.risk_5 label="" }} |
| 6 | 60% | 200 | 40% | 160 | 60% | 385 | 40% | 10 | {{ formfield player.risk_6 label="" }} |
| 7 | 70% | 200 | 30% | 160 | 70% | 385 | 30% | 10 | {{ formfield player.risk_7 label="" }} |
| 8 | 80% | 200 | 20% | 160 | 80% | 385 | 20% | 10 | {{ formfield player.risk_8 label="" }} |
| 9 | 90% | 200 | 10% | 160 | 90% | 385 | 10% | 10 | {{ formfield player.risk_9 label="" }} |