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Stage III
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This last stage consists of three parts: 1 set of survey questions and 2 lottery selection tasks. For the sets of survey questions,
we will ask you to answer several questions about yourself. All answers are confidential and
none of these answers will be used for payment.
For the two lottery selection tasks, you will be asked to choose between different lotteries that have different probabilities of paying out
various amounts. These amounts are displayed in points that will use the same conversion rate of $1 per 500 ECUs. At the conclusion of this experiment, one lottery of
each of these tasks will be chosen for payment and how much you earn will depend on your choice as well as the result of the lottery which is decided by the probability
provided.
Once you have completed Stage III, your payoff for your decisions in Stages I, II, and III will be displayed. Please wait patiently as others around you may not have finished
and the experimenter will be by to give you payment for your participation today. Once you have received payment for your participation today, you are free to quietly leave the room.
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