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In this task you will make ten decisions as shown below. Each decision is a paired choice between "Option A" and "Option B". You will make ten choices by selecting either Option A or Option B.
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After you have made your choices, one decision will be randomly chosen and the option you chose (A or B) will be played. That means on the next page  the computer will randomly select one of the ten dedisions. Then, it will draw a random number between 1 and 10. The number will determine what your payoff is for the chosen option (A or B). The points you earn will be converted to Euros and added to your final payoff from the experiment.
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<p>
Now, please look at Decision 1 at the top. Option A gives 2 Euros  if the random number is 1, and it gives 1,6 Euros if the random number is between 2-10. This means that there is a 10% chance to obtain 2 Euros  and a 90% chance to obtain 1,6 Euros. Option B gives 3,85 Euros  if the random number is 1, and it gives 0,10 Euros if the random number is between 2-10. This means that there is a 10% chance to obtain 3,85 Euros  and a 90% chance to obtain 0,10 Euros. The other decisions are similar, except that as you move down, the chances of the higher payoff for each option increase. In fact, for Decision 10 in the bottom, the random number will not be needed since each option pays the highest payoff for sure, so your choice here is between 2 Euros  and 3,85 Euros.
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<p>
To summarize, you will make ten choices: for each decision you will have to choose between Option A and Option B. You may choose A in some cases and B in others, and you may change your decisions and make them in any order. When finished, click on the 'next' to continue.
    
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