{% extends "global/Page.html" %} {% load otree %} {% block title %}Survey Questions{% endblock %} {% block content %} These next questions also allow for you to earn additional money, according to the choices that you make. Consider each set of lotteries below by comparing Option A to Option B in each row. In the first row, Option A offers a one in ten chance of paying $2.00 and a nine in ten chance of paying $1.60 while Option B offers a one in ten chance of $3.85 and a nine in ten chance of $0.10. For both Option A and Option B, each successive row increases the likelihood of the higher paying outcome by one tenth and decreases the likelihood of the lower paying outcome by one tenth. You must indicate the point where you begin to prefer Option B to Option A. Note: You cannot make a selection that indicates you prefer Option B for higher rows and Option A thereafter for lower rows. If you always prefer Option B, enter 0. If you prefer Option A in the first row but Option B thereafter, enter 1 on the keyboard. If you prefer Option A for the first two rows but Option B thereafter, enter 2 on the keyboard. If you prefer Option A for the first three rows but Option B thereafter, enter 3 keyboard. Thus, enter a number on the keyboard that indicates the row where you switch from preferring Option A to preferring Option B. If you always prefer Option A, enter 10. Once you make a selection, the computer will randomly select one of the ten rows. A lottery then determines the payoff to you for the given Option you selected. Thus, if the computer randomly selects row 7, and you entered a number greater than or equal to 7, the Option A lottery occurs and you have a 7/10 chance of receiving $2.00 and a 3/10 chance of receiving $1.60.
Row: Option A Option B
Row 1: 1/10 of $2.00, 9/10 of $1.60 1/10 of $3.85, 9/10 of $0.10
Row 2: 2/10 of $2.00, 8/10 of $1.60 2/10 of $3.85, 8/10 of $0.10
Row 3: 3/10 of $2.00, 7/10 of $1.60 3/10 of $3.85, 7/10 of $0.10
Row 4: 4/10 of $2.00, 6/10 of $1.60 4/10 of $3.85, 6/10 of $0.10
Row 5: 5/10 of $2.00, 5/10 of $1.60 5/10 of $3.85, 5/10 of $0.10
Row 6: 6/10 of $2.00, 4/10 of $1.60 6/10 of $3.85, 4/10 of $0.10
Row 7: 7/10 of $2.00, 3/10 of $1.60 7/10 of $3.85, 3/10 of $0.10
Row 8: 8/10 of $2.00, 2/10 of $1.60 8/10 of $3.85, 2/10 of $0.10
Row 9: 9/10 of $2.00, 1/10 of $1.60 9/10 of $3.85, 1/10 of $0.10
Row 10: 10/10 of $2.00, 0/10 of $1.60 10/10 of $3.85, 0/10 of $0.10
{% formfields %} {% next_button %} {% endblock %}