In this portion of the experiment you will select from among five different gambles the one gamble you would like to play. The five different gambles are listed below. You must select one and only one of the these gambles. Each gamble has two possible outcomes (Event A or Event B) with the indicated probabilities of occurring. Your compensation for this part of the study will be determined by: 1) Which of the five gambles you select; and 2) which of the two possible events occur.
For example: If you select gamble 4 and Event A occurs, you will be paid 10 Experimental Currency units. If Event B occurs, you will be paid 1 experimental currency unit.
For every gamble, each event has a 50% chance of occurring.
After you have selected your gamble a random number will be selected from 1 and 2. If the number is 1, Event A will occur. If the number randomly selected is 2, Event B will occur.
| Gamble | Event | Payoff | Probability |
| 1 | A | 4 | 50% |
| B | 4 | 50% | |
| 2 | A | 6 | 50% |
| B | 3 | 50% | |
| 3 | A | 8 | 50% |
| B | 2 | 50% | |
| 4 | A | 10 | 50% |
| B | 1 | 50% | |
| 5 | A | 12 | 50% |
| B | 0 | 50% |