{% extends "global/Page.html" %} {% load otree static %} {% block title %} Page title {% endblock %} {% block content %}

In this experiment you will be asked to choose between five pairs of lotteries. Each lottery pays a certain amount of tokens depending on chance. In particular, the computer will simulate the roll a four-faced die with faces named A, B, C, and D. Notice that each face is equally likely to occur. Depending on which face occurs, the lottery will pay a certain amount of tokens. Here is the example of such a lottery:

That is: if we obtain face A then you will get 95 tokens; if we obtain face B then you will get 120 tokens; if we obtain face C then you will get 170 tokens; and if we obtain face D then you will get 185 tokens. Because each face is equally likely, and because there are only four faces, then this lottery pays: 95 tokens with probability 1/4, 120 tokens with probability 1/4, 170 tokens with probability 1/4, 185 tokens with probability 1/4.

{% next_button %} {% endblock %}