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Hello and welcome!
Thank you for deciding to participate in my experiment! You are contributing to my bachelor thesis! :)
This experiment is about lottery games. Unfortunately, this is a modest, non-paid experiment. However, it would be crucial that you try to imagine as if you were playing in the real world and you would immediately get rewarded with the outcomes you achieve. Your purpose is to win as much as you can!
You are going to play 6 problems. In each problem, you will be asked to choose between two options: A and B. In most cases, A and B are lotteries that consist of two potential outcomes, each of which will occur with a given probability. One of the two outcomes is always zero. However, in some cases A or B, may have an outcome that happens with probability 1. This is basically not a lottery anymore, because there is no uncertainty in the outcome. Therefore, sometimes you will be choosing between a lottery and a safe event.
To play, please keep the following 2 steps in mind!
1) First, you are going to have some trial rounds, they are exploration rounds ! Please try to explore and better understand the options A and B! You can play up to an unlimited number of trial rounds! Please play at least 3 times and as many other times as you wish!
2) After you feel comfortable and like you have figured out the game, you will play a final round, which would decide your immediate reward if we were playing in real life. When you are ready to do this, choose the option Finish to go to the final round and make your final choice.
Everything clear? To start the game, press Next.
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