Game II has ended. We are now entering the third game.
In this part of the experiment you will be asked to make a series of choices.
How much you receive will depend partly on chance and partly on the choices you make.
The decision problems are not designed to test you. What we want to know is what choices you would make in them. The only right answer is what you really would choose.
For each line in the following table, please state whether you prefer Option L or Option R. Only one turning point is allowed to be made.
Notice that there are a total of ten lines in the table but only one line will be randomly selected for payment.
You do not know which line will be paid when you make your choices. Hence you should pay attention to the choice you make in every line.
After you have completed all your choices, the computer will randomly generate a number, which determines which line is going to be paid.
Your earnings for the selected line depend on which option you chose: If you chose Option L in that line, you will receive 20 ECUs. If you chose Option R in that line, you will receive either 60 ECUs or 0 ECUs.
To determine your earnings in the case you chose Option R, there will be a second random draw. The computer will randomly determine if your payoff is 60 ECUs or 0 ECUs, with the chances stated in Option R.
Note: Every 20 ECUs is equal to 1 Dollar.
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