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Part 2 Instructions
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Part 2 of the experiment consists of eight decisions. For each decision, you must choose which option you prefer: Option A or Option B.
Option A will always be worth 180 points with 100% probability. Option B will always be a lottery that pays 385 points if you win and 10 points if you lose. The probability that you win the lottery will vary across the eight decisions.
To make each decision, check the box next to the option you prefer.
This is the method that is used to determine how much you earn in Part 2.
At the end of the experiment, the computer will randomly pick one of the eight decisions from Part 2 to count for payment. To do that, the computer draws one number between 1 and 8. So the selected decision only depends on chance: all decisions have the same probability of being chosen. If you chose option A in the selected decision, you will earn 180 points. If you chose option B (the lottery) in the selected decision, the computer will run the lottery (based on the probability of winning in the selected decision) to determine how many points you will earn. To determine the outcome of the lottery, the computer will draw one number between 1 and 100. For example, suppose in the selected decision you chose option B and the probability of winning the lottery was 40%. Then, if the number chosen is 40 or less, you will win the lottery, and you will earn 385 points. If the number chosen is 41 or higher, you will lose the lottery, and you will earn 10 points.
At the end of the experiment, the selected question, your choice, the result of the lottery (if applicable), and the amount that will be paid, will be shown on the screen. The points will be exchanged to money. 100 points are worth 1 dollar.
Click the button to begin Part 2.