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Finally, you need to decide on an amount, between R0 and R200 that you would like to invest in a risky option. The risky option consists of a coin flip where you have a 50% chance of winning (heads) and a 50% chance of losing (tails).
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If you win, the amount you invested in the risky option will be tripled: you will therefore win three times the amount you invested. If you lose, the amount you invested is lost. The amount that you did not invest will be paid to you, along with whatever you win in the risky option.
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The details of your payment with heads and tails are included for each possible investment amount.
To answer the question, simply choose which of the following options you would prefer.
Although this question will not be paid in real money, we would be grateful if you would think about it as if it was real money, and make your choice as you would if this was real money.
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