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We invite you to participate in a noncommercial research study: Preference imprecision or loss aversion. What drives uncertainty
aversion?
In this study, you will be trading lottery tickets that pay out cash prizes depending on the color (blue
or red) of a ball drawn from an urn.In each task, you will be asked to imagine you are in one of three possible different roles:
1) a buyer, 2) a seller, or 3) a bookmaker of a ticket. If you are a buyer, we will present you with multiple
potential prices for a ticket and ask you if you would definitely buy a ticket at a given price or if you
would definitely not buy a ticket or if you are not sure. In the roles of seller or bookmaker, it will be
very similar, but instead of buying, we will ask about selling or issuing a ticket.
In this survey: