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You will be asked to make three decisions (and earn more money) in the next three pages. One of the decisions will randomly selected and the money you earned will be added to your total payment.
The environments for the three decisions are similar. On each page, you will see a list of 21 choices between lotteries and sure amounts of money. Lotteries will always be on the left, and sure amounts of money on the right. The 21 choices are ordered from top to bottom such that you will like the lotteries less and less as compared to the sure amounts.
At some point, you will be willing to switch from preferring a lottery to preferring the corresponding sure amount of money. Then you can click on the SWITCH HERE button at the point where you want to switch.
When you click on a SWITCH HERE button, lotteries will be your choice everywhere above that line, and sure amounts of money will be your choice everywhere below that line. You may change your decision by clicking on another SWITCH HERE button.
After you have made your decision and click the "Submit" button, one of the 21 choices will be selected randomly and played.
For example, the switch point for the decision below is at row 6, or when the sure amount is $0.5.
This means the decision maker prefers lotteries when the sure amount is less than $0.50, but prefers sure amounts of money when it is equal to or higher than $0.50.
If the computer randomly select a row above row 6, then the lottery will be played.
If the randomly selected row is at or below row 6, then the decision maker will get the sure amount of money.