Individual Task
On the next page we will ask you to make ten decisions between 'Option A' and 'Option B'.
For example:
- Option A could be $3.00 with probability 3/10 and $0.50 with probability 7/10
- Option B could be $2.00 with probability 3/10 and $1.75 with probability 7/10
How choices affect earnings:
Stage 1
One of your ten choices will be chosen randomly.
Each of the 10 decisions are equally likely.
Stage 2
Another random draw from 1-10 will then be made to determine your payment.
Each number is equally likely.
For example, if you chose Option A $3.00 with probability 3/10 and $0.50 with probability (7/10):
- If the random draw is 1,2 or 3 you will earn $3.00.
- If the random draw is 4,5,6,7,8, 9 or 10 you will earn $0.50.
Summary
Even though you will make ten decisions, only one of these will end up affecting your earnings today and
you will not know in advance which decision will be used.
Each decision has an equal chance of being used in the end and these random numbers will be different for each participant in today's session.