In this study, each gamble is an urn containing either two or three tickets. Each ticket is identical, except that they have different prize values printed on them. One ticket will be drawn blindly and randomly from your chosen gamble to determine your prize. Assume that each ticket is equally likely to be drawn. For example, in Choice W1 below, the first gamble has two tickets that win $15 or $20 and the second gamble has two tickets as well, which might win either $5 or $95. Which gamble would you rather play? Click the button to indicate your choice.

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Choose First Gamble

W2.

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Choose First Gamble

W3.

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Choose First Gamble

W4.

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Choose First Gamble

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Choose First Gamble

2.

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Choose First Gamble

3.

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Choose First Gamble

4.

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Choose First Gamble

5.

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Choose First Gamble

6.

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Choose First Gamble

7.

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Choose First Gamble

8.

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Choose First Gamble

9.

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Choose First Gamble

10.

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Choose First Gamble

11.

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Choose First Gamble

12.

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Choose First Gamble

13.

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Choose First Gamble

14.

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Choose First Gamble

15.

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Choose First Gamble

16.

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Choose First Gamble

17.

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Choose First Gamble

18.

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Choose First Gamble

19.

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Choose First Gamble

20.

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Choose First Gamble

21.

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Choose First Gamble

22.

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Choose First Gamble

23.

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Choose First Gamble

24.

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Choose First Gamble

25. Please enter the last four digits of your student number:

Please check your answers. When you are done, push the button below.