Task 2 of this part is almost identical to Task 1. The only difference is that the second alternative will be paid out in 8 weeks, instead of 4 weeks. Apart from the payment date, the instructions are identical those for Task 1. We include them here in case you would like to review them. Once you have completed Task 2, we will explain the next task.
Part 2 - Task 2
In the second task you will have to choose between different fixed alternatives, which will be paid out at two different points in time.
The first alternative, which we refer to as the Alternative - Tomorrow will be paid out tomorrow.
Since this alternative will be paid out "sooner", the monetary value is usually low.
The second alternative, which we refer to as the Alternative - 8 weeks will be paid out in 8 weeks (i.e., {{ date_56 }}).
Since this alternative will be paid out "later", the monetary value is usually higher.
The example below illustrates this.
Your task is to choose between the Alternative - Tomorrow
and the Alternative - 8 weeks.
Task 4 of this part is almost identical to Task 3. The only difference is that the second alternative will be paid out in 8 weeks, instead of 4 weeks. Please read the instructions below for a detailed description. Once you have completed Task 4, you will proceed to the next part of the study (Part 3).
Part 2 - Task 4
In the forth task you will have to choose between different fixed alternatives, which will be paid out at two different points in time.
The first alternative, which we refer to as the Alternative - Tomorrow will be paid out tomorrow.
Since this alternative will be paid out "sooner", the monetary value is usually low.
The second alternative, which we refer to as the Alternative - 8 weeks will be paid out in 8 weeks (i.e., {{ date_56 }}).
Since this alternative will be paid out "later", the monetary value is usually higher.
The example below illustrates this.
Your task is to choose between the Alternative - Tomorrow
and the Alternative - 8 weeks.
| The Alternative – Tomorrow | or | The Alternative – 8 weeks |
|---|---|---|
|
which pays
$4.00 tomorrow. |
which pays
$10.00 in 8 weeks. |
This task will consist of 3 rounds each containing 6 choices. That means that you will make a total of 18 choices similar to the example above. For all 18 choices the payment dates remain the same. However, the monetary amounts you can earn differ. Within one round, the amounts of the Alternative - Tomorrow remain constant. They only change once you start a new round. The amounts of the Alternative - 8 weeks, on the other hand, differ from choice to choice. It is very important that you pay attention to those changes when you make your decision.
At the end of this study, we will randomly select one of your choices in this part of the study (from one of the four tasks in Part 2) and pay them out at the respective date of payment. This means your choices in this task have the same probability of being selected as your choices in the other tasks of Part 2. Since all of your choices in this part have the same probability to be chosen for payment, it is always in your best interest to choose the option you prefer the most.
Please note again that the questions are not designed to test you.
There are no right or wrong answers. Simply choose the payment option that you prefer the most.
Please think carefully about your decision before you leave a page.
Once you click the NEXT button on the bottom of a decision page, your choices will be recorded and you will not be able to revise them.
You will not have the opportunity to navigate back during this task.