Question Type

You will see a table with 19 rows, each row corresponding to one question. In each row, the option on the left will be the lottery and the option on the right will be a fixed amount of points. The lottery is always the same, while the fixed amount of points changes - getting better and better as you go down the table.

How to Answer

To answer these questions accurately we suggest you:

1. Start by looking at the top row, and think carefully about each row in turn.
2. For each row where you prefer the option on the left over the option on the right, check the box on the left hand side.
3. When you find the first row where you prefer the option on the right, check the box on the right.
4. Remember that the option on the right is always better as you go down the list. This means that after you choose one option on the right, you should choose the option on the right for all rows below. Your answers should therefore "cross over" from left to right only once.

Payment

At the end of the study, one row will be selected randomly, and you will be paid according to the choice you made in that row.

For example, suppose the row selected for payment asked you to choose between

a lottery that gave a 50% chance of 1,000 points and a 50% chance of 0 points, and

a fixed amount of 100 points

If you chose the lottery, then it would be run, and you would get either 0 or 100 points, each with 50% probability. If you chose the 100 points, then you would get 100 points.

At the end of the study, the selected row, your choice, the lottery result (if applicable), and the amount of points that you earned will be shown on the screen. 100 points are worth 1 dollar.

When you are ready, you may begin the Section 2 questions.