Please read instructions for each part carefully, as we do not give credit for random button pushing or failure to follow instructions, or attempts to "cheat" the assignment. If you do not understand the instructions, please do some other study instead.
Each of these tasks asks you to evaluate or choose between gambles.
Sometimes, the gambles give a chance to win money; sometimes, they
have a chance to lose money; sometimes, they have chances to either
win or lose money. We are studying how people make decisions of this
kind. Think of each gamble as a container that has 100 tickets.
One ticket will be drawn blindly and at random, and the value printed
on that ticket is the amount that you will either win or lose.
The six tasks ahead take about 10 minutes each. To get a full one
hour credit, you should work through all six parts in order listed.
Please do not take a break during any of the tasks. We are measuring
not only your choices but also the time to make each decision. Be sure
to read each gamble carefully and evaluate them carefully. There is no reason
to rush, because if you finish early, we have additional tasks for you to do,
so that you can earn the full hour of credit.