{% extends "global/Page.html" %} {% load otree static %} {% block title %} Option 1 in the remaining four decisions is about taking several risks {% endblock %} {% block content %}
Here is an example. (Option 1 in the example is not in your bonus file. It merely illustrates the format.)
Suppose the endowment and Option 1 in your bonus file are as follows:
Your endowment is £{{base_endowment_init}}.
|
Option 1: Take the single risk
4 (four) times or until losing the first time,
whichever happens first
(and add the outcome to my endowment): |
Option 2: Take amount (i.e., adjust my endowment by): |
|
|
£x |
Your decision: “Please give me Option 2 (the amount) if it is £ or more and Option 1 (the risk up to {{repetitions}} times) otherwise.”
As you wish: If {{user_chosen_decision}}.pdf shows Option 1 as above, then:
As you can see, Option 1 means taking the risk one or more times, in a “continue-when-winning” way.
Each time you take the risk, the probability of drawing a red ball (winning) is 90% and the probability of drawing a blue ball (losing) is 10%. The risk is taken at least once. If a red ball is drawn, another draw follows. This is done no more than four times (in the example). The outcomes of all risks taken are added up to determine your bonus.
Suppose your bonus in the experiment is determined by Option 1. Then:
The outcomes of the risks are determined through several virtual urn draws, in the same way as explained for the single risks. A new urn with 100 balls is used for each virtual draw.
Please answer the following questions, supposing that Option1 (plus endowment) as shown above determines your bonus.
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