{{ block title }} 2. Instructions - Choosing from lists of lotteries {{ endblock }} {{ block content }}

In this experiment, you will take part in 3 sets of 10 lottery choice rounds. In each round, you will be shown a list of 10 lotteries from which you are asked to select one.

In a list, each lottery has different probabilities, but the same outcomes. For example, the first lottery in a list may yield a payoff of 10 with probability 0.6, a payoff of 5 with probability 0.3 and a payoff of 0 with probability 0.1. For the second lottery, the outcomes may be the same, but the probabilities could be Pr(10)=0.1, Pr(5)=0.6, Pr(0)=0.3.

The 10 lotteries in the list are picked from a larger set of 20 lotteries and ordered by one of two algorithms.

At the end of the experiment, one of the thirty rounds will be randomly selected. The outcome will be drawn according to the probabilities of the lottery that you have selected in that round, and the outcome will be added to your payoff.

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