In this experiment you will see the outcomes of two lotteries in a sequential manner. Each lottery has either one or two outcomes that occur with some probabilities. In each round, only the realization (outcome) of one of the lotteries will be given. Think of it as someone else making a choice and you observe the choice and the outcome. For example, you might see something like 'Lottery 1- outcome 10' or 'Lottery 2- outcome 5'.

You will see 40 outcomes in total. After that you will make a final choice between the two lotteries for a real payoff. The participation reward is 0.5 euro. You will get this amount of money regardless of your choice. Depending on your choice after the 40 rounds, you might significantly increase your earnings. You may also use pen and paper to keep track of the lotteries and their outcomes.

Please, proceed to the next section where you will see a realization of one of the lotteries. After that, on a separate page, you will see a realization of another lottery, and so on until all 40 rounds are complete.