{{ block title }} Lottery Choice {{ endblock }} {{ block content }}
For this question, you are given a list of 6 lotteries with the prizes in Lab Dollars shown in the Table below. You will make a choice of which lottery to enter: 1-6. For each of the listed lotteries, the chance of winning the two payoffs is equal. That is, for lottery 2 for example, you can win 120LD with 50% chance and 180LD with 50% chance. At the end of the experiment, the lottery # you selected will be run, and the randomly selected payoff given to you based on the result.
Lottery # | Choice A (Lab Dollars) | Choice B (Lab Dollars) |
---|---|---|
1 | 140 | 140 |
2 | 120 | 180 |
3 | 100 | 220 |
4 | 80 | 260 |
5 | 60 | 300 |
6 | 10 | 350 |