{% extends "global/Page.html" %} {% load otree static %} {% block title %} Question B
In Question A, we will ask you to indicate your personal valuations for various lotteries. All other participants in this study will also indicate their valuations in exactly the way you do.
In Question B, for a given lottery, we will ask you to guess the AVERAGE level of certainty (the average slider value) that all other participants in this study stated for this particular lottery. In guessing the average level of certainty stated by other study participants, you can again use the same slider as for Question A.
Of course, these other study participants may have stated different numbers as their guess than you – however, this is not what matters here. All that matters is where you think they placed the slider, on average.
You can earn money with your guesses. For each guess of yours, there is a potential prize of $5. The probability of receiving this prize is given by:
Probability of getting $5 = 100 – (Your guess – actual average certainty)^2
You can never make losses with your guesses. While this equation might look a bit complicated, all that matters for you is that you are more likely to win the prize the closer your guess is to the actual average level of certainty stated by all other study participants.
If Part 2 gets randomly selected for payment, then one of your answers to the B Questions will be randomly chosen (with equal probability) and implemented in exactly the way we describe here.